Moving too fast or not fast enough?
Data is fast, it’s about to get faster with blockchain. AI, Smart Cities, Internet of Things, Machine Learning, these are all going to be common in 2030. FinTech, TradFi, DeFi, Market Sectors will all be common lingo alongside blockchain discussions in 2030. Endorsement of these 2030 blockchain technical enhancements products will rely on many things including but not limited to Data Integrity, Blockchain Verification, Digital Identity Validation, Own Your Data and Share Your Data standards and of course, Hacker Protection, also known as SECOPS. In 2030, your data moves fast.
In 2022, your data already moves that fast. The threat to your data is real. How fast are people caring about that? From the viewpoint of Continuum, not fast enough.
Blockchain adoption is happening faster than ever, exponentially more tangible in Main Street than five years ago when we started measuring.
In late 2017 Blockchain awareness (and price) was in a “bull run”. Q1 2018 saw in a spending spree of ICO’s and SEC started to raise an eyebrow. Three years later in 2020, SEC started getting much more vocal about the illegal selling of unregistered securities. Now we expect a regulatory hammer to come down in the Jan 2023 Regulations.
Today in 2022, according to our signals from Capitol Hill, more policy makers than ever are discussing blockchain technology impact on Capital Markets and how policy should be shaped. Most of them do not fully comprehend the potential of the technology yet but access to education is moving quickly.
By 2030 it will be known that DeFi Staking, Reward Economies and Wearable Mining have become the New Gig Economy. The entire current crypto market and the next 8 years of blockchain product related growth will still be tiny in comparison to the real Global Economy. With the adoption of blockchain technology, true market sectors like Commodities, Supply Chains, OPEC could experience market sector cosmic shifts. Eventually blockchain will have a measurable impact to the Global Economy, maybe in the next 8 years, maybe not. We do predict that by 2030, Main Street will be discussing Wall Street Market Sectors with their potential elected officials before they actually elect them.
Today’s USD alternatives of value (digital assets) won’t stop “bull runs” or “bear markets” within Traditional Finance (TradFi) market sectors. The Global Economic Engine is a giant thing that runs the world economy.
What does move fast is Politicians creating policy around the digital upgrade of the existing regulation of multiple types of asset classes.
30 year industry overnight upgrades are fast. Wall Street has been discussing blockchain technology the longest. Financial Technology, FinTech, is a 30+ year old industry. They’re hyper focused on efficient markets but they also respond to market instability. FinTech will find a symbiosis with blockchain since many FinTech household names have been waiting to reveal their trusted blockchain solutions in Q1 2023.
Many 30 year old industries are about to get flipped on their heads by removing the middleman and having peer to peer solutions via blockchain technology. It may come in the form of an app, a wallet, a wearable or something new.
Each solution impacts one or more market sectors so each public facing blockchain solution will have some impact on the global economic engine. Will that be enough to shift market sector dynamics?
We’ll see if it’ll happen fast.
