BLOCKCHAIN
Embracing the Mainstream Public is the Future of Blockchain

2018-01-27 10:28:22
by Dominic Brown
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For Blockchain to truly transform into a mainstream platform that the wider public utilises and fully understands, it has to come through corporations....

For Blockchain to truly transform into a mainstream platform that the wider public utilises and fully understands, it has to come through corporations and industry embracing tokenisation, and pushing for the technology to move into the mainstream.

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Without adoption by large companies and within multiple industries, Blockchain and cryptocurrencies will remain on the periphery. One way in which Blockchain can reach its full potential is by a company representing a service or product as a digital token on a blockchain. The token would carry actual monetary value, rather than just provide information on said product or service, and eventually create a closed-loop, tokenised blockchainwithin an industry.

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This closed-loop blockchain would be able to provide a platform for all transactions within that particular industry, with products and services exchanged as tokens through smart contracts and digital currency. Once this is in place, and the new industry standard has been created, the next phase of a mainstream Blockchain acceptance can begin.

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Over time, as we are seeing already, the mainstream public will begin to use cryptocurrencies and the Blockchain with more ease and confidence, leading to it becoming the preferred framework to conduct all business and financial matters.

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