TEN UP PROGRESS

Future Development
Cryptocurrencies are the future of our economy; they show real advantage when the value and backing power
of fiat currencies completely break down. The communities that find themselves in day-to-day struggles of
being unprivileged or recovering from conflicts can significantly benefit from a rapidly deployed network of
nodes powered by aid organizations. The blockchain can be extended to such communities by using
low-powered devices that will utilize solar power and can help establish their vital food and resource supply
line. The community regeneration and mobilization effort via the blockchain revolution can be at the forefront
of bringing the unbanked and the underbanked to the digital economy along with securing microfinance loans
and project funding to stimulate their growth.
Blockchain Technology
When we say that the world has become a global village, it is meant in the literal sense. With the help of
technology and the Internet, communities are privileged to engage in active communication with people
worldwide. This modulation has potentially eliminated any consideration for boundaries; we can now
communicate, exchange information, indulge in e-commerce, and promote businesses. Statistics reveal that
there has been a remarkable growth of 1,052% in Internet usage from the year 2000 to 2018 globally since
technology has become so widespread.
The 21st century can also be called the age of digital sciences. We are currently living in a time where science
has made the impossible possible. The advent of Sophia the Robot and the human experience of virtual reality
are potential breakthroughs in digital transformation. In the past two decades, technology has become a
powerful medium for utilizing daily services, including payment of bills, shopping, and trades. The financial
trends have also witnessed a shift in market dynamics. In the latter years, gold was the primitive source of
value. The concept then shifted to paper money in the 20th century. The technological development then
became a source of the first digitalization of currency. Later, in 2009, Bitcoin became a revolutionary step in
the financial industry and soon became a widely accepted digital currency. In addition, blockchain technology
helped peer-to-peer transactions, eliminating the need for mediators, enabling the first decentralized
commerce system.