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When you look at how governments in various economic states are blocking the progress of blockchain technology it shows a million thing and one of them being that most government are not innovative, they lack the ability in themselves to create or come up with that "million dollars ideas"
That would of course empower their citizens and give them the means to make wealth. Blockchain on the other hand is seen as the forerunner to Cryptocurrency infact some government are so inept as to how technology have gone so far they feel the only capability of blockchain is Crypto and hence they don't want such an innovation.
They forget that blockchain technology in such a period of pandemic can create s virtual reality where individuals can be represented
What about the prospect of creating a virtual shopping world, creating a reality that enables efficiency, speed and less cost of doing things physically? How about in the aspect of governance and finance?.
The major fear here is that the government are scared (that's those that are beginning to understand blockchain's prospects) that blockchain might overthrow their functions, make their activities too accessible to the general public and hence make rulership easy to access by the common person. In reality money and finance management is what most government in many states have done quite illy.
With blockchain, it'll be easier and less expensive to run the state and of course the option to relinquish some unnecessary offices that performs little or no function but are assigned salaries to.
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We haven't known how far blockchain technology can go because we haven't seen how far it's prospects are but then it comes with Incentives, take a look at Crypto; a product of blockchain technology.
The money it's garnered worldwide is arguably more than any government of the world can personally boast of. Look at bitcoin in itself, it has empowered millions to own real-time business and take a look at the DE-Fi Buzz with Eth and how wealth is created.
So many Crypto projects are rewarding users for holding their tokens, paying them ROI for locking them in. Take a look at TRAVALA and the numerous incentives it brings for holding AVA. the space is huge.
On a normal ground, blockchain is taking away redundancy Sometimes before people build businesses, they will have to consider government policies, the unnatural risks, unforseen circumstances, risks that comes with natural disasters and the all.
Sometimes most business don't thrive because they're not just incentivized enough and sometimes the onus of making money seems so banal. Blockchain will take over the world, why? Because of its ability to incentivize, because of its numerous ability to bring ease, smartness and usher in a new age of tech and craft and business.
Of course real-time business owners will be enhanced in their craft means of transaction will be transparent, undeleteable and permanent.
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In all round, everyone loves incentiveness. This is why most real-time business has remained valuable. There's no competition, government are less innovative, blockchain technology brings millions of innovation and the difference here is time and no one can fight the tech.
We see billions leave natural resources into government projects and they never suffice. Governance is no longer solely political, the aspect of economics has been strongly involved and that's why I think blockchain technology will likely have blistering impact in Africa.
From crypto's point of view we're only see one part of the ability of blockchain. The future will give people the ability to do "little" "for so much more". With ease and smartness. Blockchain technology come with the power of incentivization
Interested in some more of my works?
Decentralising "Centralisation": How Centralised Entities Aims To Join The Revolution
A Two-Way Valuation; Who Are We Truly? (3speak version)
A Sailor For Sacrifice {Caught In An Unknown Island} (A Prose Poetry)
Mindfulness: Forming Diverse Assertions Of What We Really Are Despite Internal Or External Influence
Stress And Anxiety: How Does These Two Deadens Our Creative Senses?
My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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