The recent pump in the crypto prices made everyone involved with crypto heave a sigh of relief amidst fears that the rise may not last long. Although some crypto tokens did see a drop in prices, BTC is still strong and the bears have not done much damage.
Many traders gambled and bought a few tokens such as Anime and such and it fell. People felt that the anime token might soar off to a great start like the Trump token but unfortunately, it did not. Time will tell which token will last.
As for economies and inflation and governments struggling to keep things afloat, it is true not just for a single country but many. Will cryptocurrency be able to save people from emergencies and such?
If only, the leaders understood what crypto is all about and what the blockchain can do, they could welcome it and use it wisely to reverse the crisis.
I remember the time when the Kerala chief wanted to use blockchain technology in the fisheries industry and he had a good tech team behind him but a series of health issues(including COVID) and other natural disasters struck the state and it was forsaken. I do hope that it will soon be revived and Kerala can become the first government to implement blockchain technology unless there are others in some parts of the world that I am not aware of.
Cryptocurrencies and transparency in transactions can be useful in eradicating corruption. Perhaps this can be tested in developing countries where corruption is rampant. If it succeeds, then other governments could also implement it and crypto would be welcomed worldwide. Well, these are just wishes for now. Who knows, twenty years later, it could be a reality and the children of the time would not even know about the paper currencies that are in circulation now.
If you are not aware, Hive is a crypto that can revolutionize and has proven itself. Hive has helped change lives all across the world and it is not an exaggeration. The number of people who rely on Hive to buy food and other items is increasing by the day. How? Hive can be mined by blogging. Read more about how Hive changed lives by going through the blogs that people write. You can create a free account and start blogging on Hive.
It is time people accept change and it is time to forget divisions and start working for the good of the planet.
Read more about Kerala Blockchain Academy - https://kba.ai/
| Kerala Blockchain Academy (KBA) is a center of excellence under the Kerala
University of Digital Sciences, Innovation and Technology.
