The covid-19 pandemic merely speeds up the pace of change brought about by the disruptive innovation that is blockchain. So what is it? In a nut shell, it is programmable money that thrives in a decentralised environment. Its immutable, censorship-resistant and frictionless properties allow blockchain to be the anchor whereby 2 parties can trade without reference to a third party. Its robust design can help counter the many flaws in the prevailing system, and much more.
Quantitative easing (QE) has its adverse side effects and the most prominent being the widening of the wealth gap between the haves and the have nots and through no fault of the majority of the hardworking, law abiding individuals.
Bitcoin and Ethereum are the two better known blockchain technologies that vie to be standard bearer as digitised storage of value and programmable money. Both blockchains are able to handle micro transactions and embed logics into their respective codes that can transform into decentralised applications (dapps) aka smart contracts. Why should we care? The world is quickly transiting into a digitised age which will be the new normal. Historians can debate about how and why we enter the digitised age for years to come. What is suffice to mention is that we all will be impacted by it. The question being how can we future proof against this disruptive innovation.
HashRepos is an use case that leverages on the width and depth of what is blockchain technology. This site is one face of it and serves to demonstrate end-to-end solution that embraces the blockchain technology. Every blockchain at its core resides a native token. Bitcoin (BTC) is the token for the Bitcoin blockchain, Ether (ETH) is the token for the Ethereum blockchain. In the case for Ethereum, the code can generate other tokens for different use cases. HashRepos is a set of smart contracts with its own native token based on the ERC20 standard. HashRepos registers and timestamps documents into the immutable Ethereum blockchain thereby allowing owners to assert authorship to these documents.
The world of finance-cum-real world of assets is worth in the region in excess of US$ 500 trillion and counting, thanks to QEs. Blockchain has the potential to tokenise these assets and spawn a new Digitised Age.
Individuals desiring to remain relevant in the new normal can consider onboarding a community such as this and gain insights and learn from their peers of this challenging yet exciting technology that will shape the world for decades to come.