Disruptive Technology: Blockchain: The Crystal Ball: Advancing Financial Trust, Inclusion, and Simplicity Through the Blockchain

Technological advancements have always been welcomed with stiff resistance. The comfort of everyday life keeps our minds inactive. Pushing limits means thinking out of the box and stepping out of our comfort zones which to many is a daunting task. As cumbersome and beneficial as this might be, it is time to throw the crystal ball of evolution to understand how transactions in market places can boost the economy with more secure, virtual and efficient operations.

This book unravels the mystery behind the evolution of money, what we have today and future plans. It answers the questions on cryptocurrency, its origin and evolution, artificial intelligence and blockchain technology platforms. It throws light on its uses and benefits to businesses, firms and governments, and practical examples of its effectiveness in the present and future transactions.

Trust is a virtual part of our everyday life, from heeding to the doctor's advice to paying with a credit card at the grocery store, to name a few cases. In 2017, only 33% of Americans thought they could trust the government. Trust in business lost 10%, from 58% to 48% according to Edelman's Annual Trust Barometer Study. Prior to the global pandemic declaration of COVID-19, the Trust Barometer reveals that despite a strong global economy and near full employment, none of the four societal institutions that the study measures—government, business, NGOs and media—is trusted. The cause of this paradox can be found in people’s fears about the future and their role in it, which are a wake-up call for our institutions to embrace a new way of effectively building trust: balancing competence with ethical behaviour.

Blockchain has come to restore this trust at a time it is most needed. For this gigantic evolution to be a success, we have to trust the system.

Change is here! And to others-it's on the way. Be informed and up to date as this will take the world by storm.


--Professor Kelly M Kingsly