Cryptocurrency Is Going To Penetrate Every Industry
After almost 30 years, we are hard pressed to find an industry that has not been affected by the Internet. The same is going to hold true over the next 15 years regarding cryptocurrency.
In this video I discuss how Web 3.0 is really going to affect everything. Even today, in the early stages, we can see how many industries are going to be impacted. Imagine what it will look like after a few more years of innovation.
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15 years is a wide timeframe you chose there :D
I've been in IT for a long time. I've seen the evolution of technologies go from "leading edge" to standard. If I had to guess its going to be 2 - 4 years for crypto to recover from the recent dips it has experienced. 5 - 10 years for banks and companies to see crypto as a viable option to store cash reserves. I predict it is going to take 10 - 20 years before you can walk into a grocery store to buy food with crypto. The change is coming but I suspect it is going to happen much slower than people expect.
We can see it is as a long-term process. It takes a lot of time. But with the constant development of the techology, maybe something better will come, and it will replace cryptocurrency. 15 years is indeed a long time in technology.
it has already "penetrated" the porn industry 🤣
:)))
And the drug market, the black market, and the business of other illegal things, and crime in general.
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don't mind me, I'm here for the penetration jokes
Okie, hear a great news.
Crypto is indeed reshaping industries and leveling participation in blockchains. This way future dapps built on them will benefit us all and capture the value of crypto through more use cases.
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Honestly… It’s just a matter of time
Summary:
In this video, Task discusses the pervasive impact of cryptocurrency and blockchain technology on various industries, drawing parallels to the transformative effect the internet has had on businesses. He emphasizes that over the next decade or so, virtually every sector will be influenced by cryptocurrencies, blockchain, and decentralized technologies. Task highlights industries like banking, music, video, real estate, supply chains, payment systems, gaming, entertainment, and more, stating that they will undergo significant changes. He delves into the potential applications in areas like medical records, governments, governance, funding, collectibles, sports, and beyond. Task predicts a future where consumers will demand more control over their data and assets, driving the adoption of decentralized systems.
Detailed Article:
Task begins by drawing a comparison between the impact of the internet on industries and the potential transformative effect of cryptocurrency and blockchain technology. He discusses how the internet revolutionized various sectors like marketing, communication, bill payment, and order taking, highlighting the crucial role of webpages in today's digital age. Task points out that most industries now rely heavily on online platforms, databases, and digital communication tools for operations.
Moving on to the main topic of cryptocurrency and blockchain, Task predicts that these technologies will disrupt all industries over the next 10 to 15 years. He mentions specific sectors such as banking, music, video, real estate, and supply chains, noting that they will be significantly influenced by blockchain and cryptocurrency innovations. Task also foresees changes in payment systems, gaming, and entertainment with the adoption of decentralized solutions.
Task explores potential applications in industries like social media, retail, and medical records. He poses questions about how companies like Home Depot and Coca-Cola might leverage tokens for marketing, promotions, and rewards. Furthermore, he speculates on the possibility of blockchain ensuring patients own their medical records, paving the way for enhanced privacy in healthcare.
Moreover, Task discusses broader implications for governments, governance, funding, charity, collectibles, and sports, suggesting that these areas will experience significant changes due to cryptocurrency and blockchain advancements. He envisions a future where decentralized systems empower consumers to take more control over their data and assets, mirroring the trends seen in digital wallets and social media.
In conclusion, Task emphasizes that the evolution of blockchain and cryptocurrency technologies represents a systemic shift akin to the transformation brought by the internet. He envisions a future where decentralized ledgers replace traditional server-based systems, eliminating intermediaries in various industries. Task predicts widespread adoption and innovation in the realm of blockchain and cryptocurrency, with gaming standing out as a key industry due to its familiarity with in-game assets and tokens.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.