We are living at a very exciting time when a rate of major technologies changes will only increase.
Blockchain is bringing disruption to existing industries on a scale last seen by Internet boom in 90th.
Many of us younger generation hardly remember a time when there was no Internet
and we can hardly imagine living in the World without everything brought to us by Internet technologies.
I would like to share a story once told me by my professor that stuck with me as a lesson:
Unlike me he remembers the World before the Internet invention and he was then researching this new and exciting technology while working as a junior employee at a technology company that specialized in data compression and retrieval services.
Back then they used their proprietary technology to compress and index data stored on floppy disks (Google it if you don't know ;-)). They sold this service to many businesses including Law firms and had a nice few million dollars business out of this.
My professor quickly realized that this new World Wide Web technology is going to disrupt this whole industry and information will be delivered on Internet rather then stored on floppy disks. So he went with his proposal to a CEO of the company - an old and very proud man who brushed off his idea and this little thing called Internet as insignificant.
Long story short in just a few short months after this meeting - the company went bust going from millions of dollars revenue to an absolute zero. Internet killed it! Nobody needed their absolute technology and business any longer.
Now history tend to repeat itself and I believe that Blockchain will bring disruption on a scale comparable to Internet.
And while World is obsessing over rising Bitcoin price and speculation in ICO markets, many miss the main point of technological change Blockchain will bring to this World with potential to overhaul our finances, business and government.
The change in banking sector is too obvious to talk about it and is the reason why I left banking IT sector.
And while I'm usually cautious about ICO market I recognize it as important crowdfunding tool to help fund Blockchain innovation to this World that at the end will benefit humanity as a whole.
Hence I would like to use one example of emerging ICO that serves as an example of major disruption to many industries and businesses. Meet Experty: https://experty.io
Experty is a technology that will enable knowledge and expert service sharing for a fee to those who need it using Blockchain technology, Ethereum smart contracts and voice over ip calls.
They will in fact become an UBER for knowledge sharing. You can learn more on their web site.
However it's hard to underestimate the scale and impact these technological changes bring to a day to day business.
By removing a friction for peer to peer payments we will be able to increase World Wide trade to a level never seen before and bring peace and prosperity to the people while de-funding central organizations that have grown fat and lazy at our expense.