Crypto Academy Week 6 - Homework Post for [@gbenga]: All About Blockchain Security 2

The Security Benefits of Applying Blockchain Within any Industry, and the impact of cryptocurrency on the industry.

The blockchain and cryptocurrencies have come to stay, the innovations and implications that both bring for all areas of human life in society are undeniable.

But if we delimit it properly, cryptocurrencies have, in my view, a majority impact in the financial field, while blockchain in particular has (although it is the basis on which is support the operation of all cryptocurrencies) , a greater influence in any area of modern life that we can imagine.

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I will try from this moment in this post that I do for professor @gbenga in this week 6 of the CryptoAcademy to give you my perspective on everything that implies the security of blockchain technology and cryptocurrencies in any industry.

All we know (even the most novice in the field) that the blockchain is the foundation on which all cryptocurrencies are based; and that is why they are so safe.

But the possibilities for practical applications of blockchain technology in modern life are as vast as the universe itself. The industry in general is no exception; because every industry can benefit from the development of systems that simplify the management and development of its own activities.

For those wondering what features of the blockchain would benefit any industry that we can imagine; let's mention security, transparency, registration and immutability, among many others.

Due to technological advances, automation of modern industry is already a fact in many developed countries. In China, for example, there are already industries and factories that operate practically without human personnel (or with minimal human presence), because all activities are developed by AI (Artificial Intelligence), which implies an advance in efficiency by reducing the production costs and increase the speed and quality to develop products and services.

It is there where the blockchain will have most scope; In a world with industries where everything will be increasingly in the hands of artificial intelligence, we need security, incorruptibility, systems that manage themselves, but that reduce costs, and increase profitability, productivity and efficiency.

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Developing artificial intelligence systems for the industry based on the blockchain, is the step that all large technology companies and of any field are in the process of taking in all developed countries; and that once it occurs in these countries, it will begin to be a global trend, thus changing the world as we know it.

But what about cryptocurrencies? What is the impact they have on the industry?

The effect of cryptocurrencies on the development of any industry will be fundamental in the future. As we all know on the economic issue, cryptocurrencies represent a very big advance in the way we understand and handle money.

Fiat money will be a thing of the past as soon as cryptocurrencies reach their total massification and global acceptance (which is a little closer to happening every day).

Industries that decide to stay out of cryptocurrencies and only run on fiat money will be doomed to imminent failure.

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On the other hand, the industries that accept cryptocurrencies as a means of payment will increase their operations, make their products and services more in demand, and in the end, they will be the companies and industries that will be successful and will be the ones that will dominate the global economic landscape. .

We are perhaps decades away from this scenario materializing, but the world is undeniably going in that direction and the sooner current industries understand it, the better chance they will have of surviving before this new paradigm.

Well, this is my participation in the Crypto Academy, in this week 6, and doing this task for @gbenga (Nigeria). Until next time!