Blockchain 2030: Billions Of Tokens And Millions Of Blockchains

Much of society does not see what is taking place here. When I look out over the next decade, I see massive changes in the world architecture. The systems we are presently operating under will be falling by the wayside. One of the key replacements will be blockchain.

Blockchain and cryptocurrency are technologies that are going to have major impact on humanity. It is something that the world will gravitate towards, perhaps without realizing it.

Thus, by 2030 we are going to see billions of tokens and millions of blockchains. People will ask how can this have all have value. I will explain it.

Billions Of Tokens

This might seem absurd to most. How can there be that many tokens? Even the present 2,500 contains many, if not most, that will be worthless. There is no way the world will ever have that many.

We have this on top of the notion by those like Jack Dorsey who see Bitcoin as the currency of the Internet. Many feel there will be one or two tokens that we all use. This is not going to be the case.

In a decade, there will be a token for everything. Almost every business will have a token. Look at all the different websites you visit and envision each of them having one. A fair number of individuals will also have tokens. Many of these will just be vanity although there will be a lot of real use cases. Charities, schools, and other non-profits will also have them.

We are also going to see the security token really take off. Each time you see a piece of commercial real estate, think token. Artwork = token. Even your own home could be tokenized.

Flip over to the virtual reality side of things and we can see another set of tokens created. Every avatar will have one. It will be the currency in the virtual worlds we create.

It is easy to see how the number of tokens will explode over the next 10 years.

Blockchains

Here again, we have a situation that is unbelievable to people. How can we have that many blockchains?

When we understand that a blockchain, in addition to being a distributed ledger, is really a network of computers. This is the key. We are going to need all these networks.

There is great discussion about scaling and handling the volume of the likes of Visa. It is not going to matter. All the scaling of the present blockchains will do little. It is still not enough.

Consider all the transactions that are done today and throw them all on blockchain. That would overload them. If the scaling many talk about is done, perhaps all those transactions could be handled.

However, this is nothing compared to what we will see in a decade. Consider the fact that each time your doorbell is rung in the future, that is a transaction. Your refrigerator will be conducting transactions. Most cars on the road will be continuously doing this.

Also consider the fact that only half the global population is on the Internet and that situation will be resolved by the end of the next decade. Hence, we could see a doubling simply because of those people.

The Internet of Things means that the amount of data being transmitted is going to explode. A great deal of this, in my estimation, will end up on blockchain. Centralized systems will not be the norm in 10 years.

The Killer Application

Many mention the killer application and what it will be. This is going to be the real game changer that makes everyone switch over.

Email was the first application on the Internet that went mainstream. As the masses adopted that, things started to spread. We will see the same thing in blockchain.

What will that application be? In my estimation it will be a digital identification system.

This is what is going to get everyone on blockchain. When there is a system that allows anyone to control his/her activity on the web and take ownership of the data, that is when things go massive.

The Internet is going to be ubiquitous meaning we are all always going to be online. Now I want you to think how often you use something to identify someone else. We use their names, emails addresses, instant messenger names, and phone numbers. That will all be consolidated, for the most part, into a digital id.

As you can see, we are just at the early stages of the evolution. We will see an explosion of use cases emerging over the next 10 years. We will look back on today' blockchain are rather primal.

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