By Nikita Kosmin

Welcome back to the wild and wonderful world of online crypto trading and all things blockchain-related. This is a space that belongs to code ninjas, androids, untraceable transactions, sci-fi nerds, huge profits, and even huger losses for those who don’t come prepared.

In short, the blockchain scene has been the niche of legends for decades until it became relatively well-known a few years ago when Bitcoin started picking up popularity. These days, the question on everyone’s mind is “Why didn’t I believe back in 2009 when Bitcoins were worth 5 cents per piece?”. Now Bitcoin is worth so much less after losing nearly 70% of its value after the December fall.

This has encouraged many (many) critical reviews. Is Bitcoin going back to cost what it was originally worth to produce it (the cost of electricity)? There are critics and naysayers who would have you believe it’s all over. Tim Draper, one of the most hardcore blockchain enthusiasts, states for the record:

“I’m thinking $250,000 a Bitcoin by 2022…Believe it, it’s going to happen — they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!”

Coincidentally, while this article was being written, something happened that the critics would have a hard time dealing with: Bitcoin volume surpassed Paypal’s and approaches Visa’s. Cryptoslate reports:

“Since 2015, the largest cryptocurrency by market capitalization has exhibited a seemingly relentless rate of growth, with 2017 seeing an eruptive, eightfold increase in transaction value.

Should it continue its current trajectory — an 80.17 percent increase per year from 2013 to 2018 Bitcoin will overtake Visa in 2022, theoretically handling over $13 trillion in payments.”

If we want to truly capture the mesmerizing change behind all things to do with crypto, we really ought to be looking at the mechanics of blockchain that make upcoming ICO projects so unique and promising. Coindesk reports “$6.3 billion, ICO funding in the first quarter is now at 118 percent of the total for 2017”.

What is happening with the world? What is blockchain’s potential exactly? And will this be the world we know it to be in 10 years’ time? All these questions can be summarized by posing the one question that perfectly captures the true essence of things as they are.

How is blockchain changing the world?

According to Coinschedule:

People often ask how the future will be different when new technologies are implemented. It’s easy to overlook, however, the fact that for the most part (even though that sounds hard to believe) the future is already here.

The forces of artificial intelligence and blockchain are used widely across the world, and they are advancing rapidly. The World Economic Forum is actively getting ready for the arrival of the all-seeing eye of The Internet of Actions:

“Innovators are programming this new digital ledger to record anything of value to humankind — birth and death certificates, marriage licenses, deeds and titles of ownership, rights to intellectual property, educational degrees, financial accounts, medical history, insurance claims, citizenship and voting privileges, location of portable assets, provenance of food and diamonds, job recommendations and performance ratings, charitable donations tied to specific outcomes, employment contracts, managerial decision rights and anything else that we can express in code.”

From Switzerland’s Zug, where online blockchain voting has been enabled for the rest of the world to envy, to China’s Smart Waste Management using blockchain, decentralized and completely private Internet, 100% indestructible smart-contract-based insurance industry, vastly improved healthcare, and so on, structural changes are taking place right before our eyes.

The greatest idea, however, even if you discount spectacular gains to be made trading and mastodon increases in business efficiency and very possibly the world’s first democracy beginning to take place in Zug, is the conceptual change. As Don Tapscott, the co-author of Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World and the CEO of Tapscott Group, states:

“The most important thing that we focus on in our work is the much bigger question, this underlying, distributed-database technology that enables us to have a truthful and immutable record of everything.”

At the beginning of the information age, trust, streamlined execution, and technological advances are at the top of the list. At Revain we’re ready to face the new dawn of the information era with you. The journey starts here. Are you ready?