Blockchain 3.0 era: All your current cognition will be overturned

From the time the value of blockchain was discovered to the time when blockchain applications were actually implemented, blockchain has always been a conceptual thing. Although major media and newspapers have hyped up blockchain, and many countries in the world have also given blockchain corresponding attention, few people know how important it is, except for some professionals.

McKinsey recently submitted a blockchain technology report to the U.S. Federal Insurance Advisory Committee, which called the period from 2009 to 2016 the "Dark Ages," during which all blockchain solutions were based on Bitcoin. The new era of blockchain will begin in 2016, when more than 100 blockchain technology solutions have been explored.

This means that blockchain has gone beyond the conceptual stage and will enter the blockchain 3.0 era, truly integrating into our lives. So how much impact will blockchain, which has broken away from the conceptual definition and entered the 3.0 era, truly integrated into our lives, and developed explosively, have on today's society?

John Joseph Foley, chairman of Australia's BTL, said that once the blockchain 3.0 era arrives, it will overturn all our current cognition and we will enter a new era, an era where there will be no more trust crisis.

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Many people still only know the blockchain literally. When they mention blockchain, they directly associate it with the financial field. This is actually a misunderstanding of blockchain. Blockchain can actually cover multiple fields. It’s just that relatively speaking, the application of blockchain technology in the financial services industry is relatively mature, but in other fields, blockchain technology also plays a significant role.

Art Industry

Ascribe allows artists to use blockchain technology to claim ownership and issue numbered, limited edition works for any type of artwork in digital form. It even includes a marketplace where artists can buy and sell through their website without any intermediary services.

Legal Industry

BitProof is the most advanced of the many document timestamping applications that have emerged in recent years, and will make traditional notarization a thing of the past. Compared to free versions such as Blocksgin and OriginStaemp, BitProof offers more services, including one for intellectual property. Interestingly, BitProof recently cooperated with an IT school in San Francisco to put their students' academic certificates on the blockchain, completely redefining how diplomas and student certificates are handled and used.

Development Industry

Colu is the first company to allow other companies to issue digital assets, and they can "tokenize" various assets, which has impressed many people. Although the free Bitcoin wallet Counerparty also allows simple tokens to be issued and traded between other wallet holders, Colu's tokens can be set up with various states and types, can leave and return to this system, and can store data on the BitTorrent network when the data is too large to store on the blockchain.

Real estate industry

They plan to modernize the entire industry chain process and solve the various problems faced by everyone involved in real estate, including the naming process, land registration, agency intermediaries, etc.

Mr. Foley said that judging from the current development speed of blockchain technology, the development of blockchain will reach a peak within 5 years, and then we will be able to enter the blockchain 3.0 era. The application of blockchain technology will likely cover all aspects of our lives, bringing us unexpected convenience and unimaginable efficiency. By then, we will completely move from the technology era to the blockchain era.