In the previous sections, we looked at how decentralization works and what can be decentralized. In this section, we will look at the following topics:
- Why are decentralization and blockchain being considered as some of the most important platforms or technologies in today's and the future world?
- What is the possible impact this technology can bring to today's world and the futuristic vision?
The blockchain technology has been hailed as a revolutionary technology that can dramatically impact the following key factors that play a key role in the day-to-day activities across the globe:
- Cost of trades or transactions
- Speed of execution
- Transparency of all transactions
- An involvement of intermediaries
- Security
Each of these factors has implications in almost every industry, be it banking, stock market, legal, agriculture, business, trading...