Blockchain oracles
create immutable links
between old and new.
Linking chains for greater interoperability is one of the developments in blockchain technology that could really push mass adoption. By allowing traditional business processes to take advantage of smart contracts and other blockchain applications, information gathering/storage systems can and will evolve to be more efficient.
It is amazing to think that these solutions are bridging the gap between old systems and new, allowing for web 2.0 applications to take advantage of the benefits of immutable transactions.
The applications are endless - from using blockchain to ensure voting systems that can't be rigged, to allowing vast data sets to be recorded without the multi-level processes of creating server backup contingencies.
Truly the future of business is bright for web 3.0.
But it will take a shift in thinking, and a leap from old school businesses to get past the perceptions touted by mainstream financial institutions to embrace this technology. The volatility of the crypto market shifts focus away from the many other applications of blockchain technology other than that of token economics.
Do you think that blockchain tech will gain mainstream adoption sooner rather than later?
Let me know in the comments 🙂
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