How Blockchain will fit into your life in 10 years

That’s right. You probably never thought in a million years that your life would actually be affected by Blockchain… but let’s fast forward to 10 years when our cities could look a little like this:

Cryptocurrencies → Changing Your Life?!

In a decade blockchain, the underlying technology for cryptocurrencies, will be part of every transaction you do in your life. Basically, completely disrupting the way we have been doing things since ancient history. That’s crazy. Blockchain technology and bitcoin are promising a lot. Promising the world in fact. Let’s step into the blockchain world of tomorrow and see what it will look like.

Government = giving out identities

Let’s say you just immigrated to a new country. In today’s world you would have to go through a lengthy process and paperwork to get your passport and documents. Even after you get them there’s a chance that any of the online form of identification can be manipulated/tampered with. But in this new world the governments will give out identities. Birth certificates, passports, driver’s licenses, all these forms of identification are provided to you by your government. This will be very critical because this will be the only “tamper proof” system we will have to tell one human being from another.

This will enable anyone to have their own blockchain identity. Only one per person, no issues and allowing every person with one access to all the services. It’s simple, the network is replacing any reliance on trust and is replacing it with a reliance on mathematical protocols and economic incentives that keep people active and honest.

People who don’t have a basic income or are poor are living an unsustainable life. Debt is rising through the roof and the division between the rich and poor is growing larger. Our current system is just unsustainable and will the cause of a lot of issues in the future. We can use the concept of universal basic income which means that if you have a basic income and don’t have to worry about surviving, you can do whatever you are interested in to solve this. We can envision this working with a your blockchain ID, you can use a basic income app that is pre-installed on every phone. This would mean that if you do identify yourself as one unique person you’d automatically be able to get basic income every month. This could possibly become the fairest system for everyone to join in on the global economy.

The new way to do Transactions

Connections in our world 😍

Also imagine the way you do money transactions to be completely done by cryptocurrencies. Most of today’s cryptocurrencies is unfairly distributed. For example, Bitcoin has 10% of the coins in the hands of Satoshi, the creator of the coin. But imagine a new currency evenly distributed to everyone in the world. This could be done through the same blockchain ID example I talked about above.

Healthcare data = secure

Voting = Fair and Accurate

New and Improved Education System

Blockchain is a future we all want and is closer to us than we think. This could be our solution to create a more democratic world that disrupts the current unsustainable systems. In fact, the technology is expected to disrupt every industry out there by 2025. With recent developments in Blockchain, I am more than optimistic that we can use this technology to create a better future for all of us.

I’m Alishba Imran.

I’m a developer & innovator who enjoys building products and researching ways we can use AI, Blockchain & robotics to solve problems in healthcare and energy!