In this technological era if any one, including any institutions or banks will not to the technological advancement, then they are more likely to fall. This is the high time any government in the world as well as any institutions in the world should embrace reality. And the reality is that the blockchain is the future. The SVB bank or the Signature Bank wouldn't have collapsed if they would have used the blockchain technologies.
PC: Pixabay.com
Note I am not talking about any crypto coins as such, that is secondary. Blockchain technology is much more than what we know so far. This can actually change how the currency works or even how the government works. Blockchain will bring that accountability which now every other institutions should need if they have to survive and continue generating income.
There are so many use cases which we can adopt but still the companies is doing the R&D on how it works. This research is good, but again this reaserach is of no use if you do not use it in your real life. I have not seen any good companies have even implemented blockchain technology for their day to day operations.
Everyone thinks that AI is the future, that is true but again more than AI blockchain seems to be the future where everyone should be a accountable of what they are doing. And for this accountability no one wants to adopt which is eventually be adopted sooner or later.
The best use case of Blockchain Texhnology in any country is how elections done. Like everyone will come to know that everything isnauthentic and there is no ifs and buts on if there is any problem. In India, where we see so many problems at the time of election, blockchain technology is what is needed here.
