Blockchain technology will have a dramatic impact on business and society by providing a secure, direct way of exchanging money, intellectual property and other rights and assets without the involvement of traditional intermediaries like banks, utility companies and governments.- Don Tapscott in i-cio.com

As we speak, Google, Amazon, Microsoft, Facebook, and Apple are building applications under different blockchain technologies.

Yes, the world is changing, and it will keep changing while ordinary people like you and me try to live our lives as usual.

The thing about technologies nowadays is that they are all shifting to decentralized platforms. Of course, we don’t know if these blockchains will be the future, but if Google, Amazon, Microsoft, Facebook, and Apple are the companies pushing the world’s economy up again (at least, the S&P500), it has to mean something, right?

And if you think the blockchainazation is just influencing the tech industry, look what recently happened in the financial sector: Bridgewater Associates CFO leaves Ray Dalio’s company to join the institutional Bitcoin firm NYDIG.

Of course, you can always say the CFO goes where they pay the most, but we’re talking about Bridgewater Associates, the best hedge fund in the world.

Just listen to Marc Andreessen, the pioneer of modern browser technology and angel investor in Facebook, Twitter, and Pinterest, among other digital heavyweights, who told The Washington Post last year: “This is it. This is the thing we’ve been waiting for. The distributed trust network the internet always needed and never had.”- i-cio.com

IT executives compare the blockchain network just as the web was the first layer back in 1990. "With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve.- Don Tapscott, author of The Digital Economy, Growing Up Digital, Wikinomics"


    How the ‘blockchainazation’ of the entire world is turning info into assets.

They call it the Internet 3.0, or as Jeremy Rifkin calls it, ‘The Internet of Things.’

If you want to explore more of this matter, you should watch this video.

Today’s web-dominated internet uses the old fashion way to transact information. However, blockchain technology does it in a peer-to-peer exchange way.

And it’s not just the information that we’re talking about. It’s about value. It’s about getting to the core of the commercial activity of wealth creation.

The blockchainazation is growing so fast that it‘s’ changing the entire economy. I mean, it will build all sectors and industries in this Internet of Things.

Blockchainazation will have the power to rebuild the structure and architecture of any corporation.

At this moment, new business models are already occurring that are shaking the windows of many industries.

Probably the most popular blockchainazation we’ve seen so far is in the banking system. Banks move, store, lend, exchange, attest, and account value. Every one of these functions will be disrupted by the blockchain technology.

In the accounting industry, with the blockchain technology, you don’t need a third party to do the job because you have a timestamp record of every single transaction in the blockchain, and you can verify it 24/7, 365.

In every industry, you start to see small changes starting to occur. However, the most significant difference we can see in this monstrous technological disruption is the disintermediation of all bureaucratic processes.

Through peer-to-peer systems located in thousands of blockchains, this change is verified by the system operators themselves, who only accept the transfer of value if the procedures follow the protocols defined by the blockchain itself. These same protocols are being improved as developers feel the need to maximize the effectiveness of the system.

The fact that this technology eliminates mediators opens up a new opportunity for other businesses to flourish. There will never be a break in value production, but rather a change in the modus operandi of value creation. The principles and protocols will always be adapted as players in this network define the game’s rules.

There will be certain gamification in the incentive process, but it will always be the protocols and smart contracts that dictated the rules.


    Final Thoughts

If an artist distributes an original piece of music, its commercial value mustn’t be dominated by that distribution.

Blockchainazation solved that problem with a non-fungible token (NFT) tied to one digital asset, which cannot be replaced. For example, the band Kings of Leon just recently released an album as an NFT.

In the following years, we’ll probably see more and more sectors of the economy be disintermediated.

The blockchainazation will allow new economies to flourish and the so-called analog economy to naturally adapt and take advantage of blockchain technologies to gain further momentum.

It can transform all the current information on the internet into value through NFTs.

That analog legacy of the past will become valuable in the future. It will be registered in millions of blockchains, where it can be transacted, creating new industries, like in the music industry.

All changes create resistance. It is not easy to understand NFTs, just as it was not easy to explain what an email was in 1990 or to explain what a telephone was in 1910.

Humanity has this particularity of using technology to solve problems and facilitate our tasks. Robots are here to replace many of our jobs. But new professional activities will emerge out of nowhere because it has always been like that. When the automobile appeared, the taxi, car repair shops, tire production, and later electronics industries appeared.

Now we have cryptocurrencies, blockchains, and NFTs, which will also have a place in the 3.0 economy.

There will be resistance, as there has always been in the history of Mankind. But even so, innovations have not failed to win and convince the most skeptical.