Potentialities of blockchain technology: Some considerations

Cryptocurrencies have come to represent really alternatives for improvements in so many areas of modern life that it is impossible to list their uses; It is simply impossible to pigeonhole them only to their economic aspect, because doing so would be an excessive reductionism.

Image Source

Much more than economic advantages: The blockchain is much more than cryptocurrencies

What I am referring to here is that yes, although it is true that cryptocurrencies are salvation and the only and best opportunity for many people in the world living in poverty, (especially in the case of underdeveloped countries) to be able to carry a dignified life; the total and general potential that the technology that supports it possesses (the technology implicit in its operation, that is, the blockchain), is immeasurable, and unimaginable, and far exceeds the wildest dreams and the wildest inspirations.

And what's more, we must realize that blockchain technology and its uses involve much, but infinitely much more than the simple concept of what cryptocurrencies are.

Infinite potential

We can see that the entire planet is increasingly realizing that the potential of blockchain is simply infinite (like the universe itself), when we see innovation after innovation emerging from blockchain technology every day.

Innovations that range from the most practical things, which come to improve the uses we make of common and daily things (such as sharing files, publishing content on a platform, etc.), to the most unsuspected issues (such as NFTs, DeFi, and many other possibilities).

Image Source

Let's take the example of NFTs

Among the most amazing examples of blockchain uses, let's talk about the specific case of NFTs (or Non-Fungible Tokens), a possibility that every day is giving more to talk about, and will continue to give more and more, because it is a universe in itself, within the universe of options that is already the blockchain technology itself.

NFTs are a token technology that is based on Ethereum smart contracts, and they have infinite uses, allowing project developers to tokenize from game cards, to even anything they want or require. We are talking about that yes, they can be tokenized from things that have copyrights, such as books, works of art, etc., but also, that it could even be tokenized (and I think there is already a project in that tenor), any objects of any possible nature.

In any case, the unique and special tokenization, which is what in my view is actually the most appreciable and remarkable thing in the case of NFTs, gives project developers unlimited creative freedom to create amazingly interesting things with the most incredible utilities; and on the side of us the users, it gives us the possibility of using them not only for the specific aspects or base that as projects come to simplify, but also, to progress in the economic aspect.

Image Source

In summary

There are people currently getting richer thanks to cryptocurrencies and blockchain in general, people who do trading (margin trading, spot trading, etc.) obtaining huge returns with it; there are people who write content on platforms (such as Hive, for example) obtaining appreciable profits with it too.

In the same way there are artists of all kinds creating their works and tokenizing them in the form of NFTs and then commercializing them through some online platfoms, making hundreds of thousands of dollars (some even millions of dollars ) with them. All this are just some of the thousands of ways known and to be known, to obtain economic progress and of all kinds, thanks to blockchain technology.

And it is that security, the decentralized nature and all its other characteristics, make the blockchain a technology that really came to mean the true evolution of almost anything we can think of.

Please comment on your opinions on the subject matter. There they read!