In my previous answers I was explaining what blockchian is and how it works: What is blockchain?
I’m glad to go a little bit further and explain the impact of blockchain on our everyday life.
When the Internet was first created, it was supposed to be decentralized—but that’s not currently the case. One of the central points risking failure are DNS servers that translate domain names like Python Django and JS Development Company to IP addresses such as 46.242.140.6. This domain world is controlled by centralized, national institutions, for instance NASK in Poland or ICANN in the US.
But very soon, selling web domains and transferring domain ownership could be handled through blockchain. We could have an immutable ledger of who owned what domain at what time, as well as the payments for each domain. Once this happens, the market will be fully transparent.
Crucially, this would be a ledger that centralized, national institutions wouldn’t be able to influence. There are projects already working to achieve just that, such as Namecoin. And that is hardly the only instance of blockchain bringing about changes of this kind.
In the blockchain world, your browser will have micropayments built-in. You will be able to make use of this to pay a cent’s worth of some cryptocurrency to view an article, for example.
Even miniscule amounts of value will be easy to exchange and keep track of once cryptocurrency tech reaches maturity. While some transaction fees are bound to remain, micropayments will be largely free of additional charges and user-friendly.
Advertising models will change, as will subscription models, potentially evolving into “pay as you go” or services paid by the day.
Blockchain will also allow you to create a secure personal profile that confirms your identity. You will be able to browse every website you visit either through your personal profile or incognito.
This may not sound very exciting initially, but consider this: you won’t need to register anywhere anymore.
Additionally, you will decide what data you share on your profile and what data you transfer to each site—full transparency guaranteed.
You will even be able to sell your data at will, for instance by sharing your ad preferences or your location and gaining utility tokens that in turn give you access to many different services, such as streaming or exclusive content.
I hope that my answer will be useful for you.
If you would like to read more about impact of blockchain on web experience check out the article: How Blockchain Will Change Your Future Browser Experience
If you like my answer feel free to upvote it :)
Credit
