The Upcoming Promising Blockchain Actually Works Now

There are those who say that this technology does not work very well, and that it does not have any business at the moment, just as the blockchain technology is a remarkable part of what this technology promises.

It's a bit strange to argue that Blockchain is not much of a function today, if it's going to take into account companies with billions of dollars in revenue. Another thing that freaks out is that a fraction of the people now think that the digital money on the market now does not work at all, but maybe they will be able to do it in the future.

In this article, we will examine why Blockchain technology is supported by certain segments and how Blockchain technology will affect billions of dollars of processes such as the gold industry, international banking and crowdfunding.

Heves, Balloon, Monopoly

When we look at technology that promises to have the potential to change a lot of things, we actually see that such technologies are seriously criticized by humans at the beginning.

When a new technology emerges, this technology is rapidly growing thanks to the sudden "enthusiasm" of people, this rapid growth brings with it high variability, and the technology can not get rid of the negative labels on it reaching the 'universal' dimension and spreading all over the world. But when this technology reaches a universal dimension, the work is not finished. People attach to the enthusiasm of people like these at the beginning of such technologies, they label these technologies as balloons, but as we said, the work does not end here. If this technology succeeds in becoming universal despite all the criticism, this time the monologue is coming and the technology is still pouring into the bottom of it.

To illustrate the technological twist we have mentioned above, we can illustrate two writings on the Internet by Nicholas Carr: IT Does not Matter published in 2003 and The Shallows published in 2011.

In the summer of 2003, Carr said that the software no longer offers an advantage in terms of competition and that people are paying more attention to the Internet revolution. Again in the article written by Carr (after many years), we see that the software company has become very successful now and that the internet revolution has caused some major changes in the society. These two (contradictory) ideas put forward by Carr were about the Internet revolution and were negative.

An example can be given through Facebook and social media.

Facebook managed to reach 500 million users in just six years, but people claimed that Facebook was still a balloon in 2010. At that time, Facebook was valued at $ 33 billion, and there were quite a few people who found this price tag expensive. Facebook's stocks suffered a very severe decline in 2012, and people still saw the company as a balloon. When we arrived in 2017, Facebook saw a net income of just $ 15 billion in just one year.

Now, comments that disdain the value of social media and Facebook are gradually disappearing. A recent opinion emerging is that Cinsten is questioning whether Facebook has become a monopoly anymore. Even people are even thinking that the US government should throw Facebook directly.

When we look at it, we see that the situation of Blockchain is not so different from them. We will remember if the mosque is going to return, Bitcoin was seen as a useless, useless thing during the first days of its existence.

Although it has been many years since then, there is no way to comment on Bitcoin as it is about to collapse for the present moment. We are talking about an asset with billions of dollars in volume. In recent years, Bitcoin has grown into a decaying cataclysm that grew as it grew, and emissaries such as Ethereum emerged with this grower.

But it's still too early to say that Bitcoin and Blockchain are now in absolute power.

Some people thought that they gave Blockchain and Bitcoin extra attention. This phase is now slowly over. But Bitcoin is no longer a monopoly. So we can not say that this technology is still reaching the end. People are now claiming to be a balloon to criticize Blockchain. The blockchain industry has billions of dollars in volume yes, but according to some, this industry has no function yet. So why are there billions of dollars in volume