History of the future: the financial evolution

in #future8 years ago

...by the year 2020. most of the financial institutions and governments had adopted the decentralization of the financial sector, now days known as the blockchain technology.

The governments and banks started to publish their own blockchain with only alleged decentralization, keeping the control behind the scenes, the so called public permissioned ledgers.

Despite the elite trying to keep the control, they just prolonged the unavoidable, thank to them introducing the blockchain into the financial system, people became aware of the power and wide usability that technologies like the blockchain offer.

Since they were forced to learn more about the cryptography and cryptocurrencies themselves, the people started understanding in what kind of controlled society they lived in so far.

The learning curve pushed people into developing their own blockchains, understanding that they don't need the help of a bank to maintain their own financials.

Companies across the globe began setting up their own public permissioned ledgers.
Permissionless public ledgers alike Bitcoin came more and more into spotlight as the society was learning more about the pros that they brought along.

Soon enough most of the human society, as well as companies and corporations switched over to fully trusting the trustless, permissionless public ledgers.

Trustless ledgers, cryptocurrencies like Bitcoin became not only the backbone backing of businesses, but also have been used for setting standards for the regional trustless cryptocurrencies which emerged across the globe in order to establish easier purchases and trading of common goods and as a wealth storage among the worldwide societies.

This period has been marked as the first global revolution, or by some called the financial evolution, never before in history have the fundamentals of economy changed and the "money" evolved.

The financial evolution was just the beginning of what was to come...