The Blockchain and Us
Author: Wassim Dabboussi
One of the biggest and most distributive technological developments in our time is blockchain technology.
History is flooded with major technological advancements that have revolutionised the way we live and been a major catalyst in the progress of humanity.
Take a moment and think of the following technologies and their impact on our lives:
- The steam engine,
- Telephones and then Mobile phones,
- Aeroplanes, and
- The Internet.
Each and every one of these essential technologies have had a huge impact on our lives. Today we rely on them to such a huge extent, that none of us can even imagine life without them.
Blockchain is the next evolution for humanity, the benefits that blockchain technology brings to humanity are so vast, that even most experts still do not understand the extent that this technology will have on our everyday lives.
A great documentary covering this is called Blockchain and Us:
In this award winning documentary, the film makers takes us on a journey of:
- What is the blockchain,
- What problems it solves,
- What opportunities it brings, and
- How it will change our lives.
One of the biggest problems that blockchain and Bitcoin solves is banking the unbanked.
The UN Sustainable Development Goals identify key goals we must reach as a human race to sustain life on earth, these goals can be seen on the UN website (https://sdgs.un.org/goals).
The first goal is to end poverty. One of the challenges to overcome in ending poverty is financial inclusion, which means giving everyone access to basic banking services.
Currently there are billions of people worldwide that do not have access to basic banking services.
At 18:50 in the documentary, they discuss exactly how blockchain offers a simple and effective solution to this huge problem in the world.
If you have any family or friends in developing countries, you would understand the challenges some of them have when it comes to financial services, now they can instantly have access to world trade in the palm of their hands by having a Digital Wallet.
I highly recommend you watch this short 30-min documentary so you can understand the true impact of blockchain technology.
Feel free to share this with your loved ones and help educate them!