This revolutionary technology has already made significant progress, and investors are pouring billions of dollars into blockchain-related startups. The possibilities for blockchain are endless – from banking and finance to healthcare and beyond.
With the help of blockchain technology, the state may be able to transfer pensions and other payments to citizens directly without the mediation of banks. The role of the state itself could change, with the use of distributed digital ledgers making the rules of the game and minimising human intervention.
Estonia has already taken the first steps in this direction with its e-Estonia blockchain system of electronic citizenship, which allows for elections and tax payments. The use of such technology has already saved the country up to 2% of GDP annually!
Imagine a world where everything is decentralized, secure, and transparent. That’s what blockchain technology can offer us. It’s still young, but it has the potential to revolutionize the way we live, work, and interact with each other.