Versatile blockchain technology attracts mainstream media attention

When mainstream media began to publish positive reports about blockchain technology and Bitcoin, something was bound to happen. The rich functions of blockchain technology are very clear to most people in the field of digital currency, but now people all over the world are beginning to join the army of blockchain technology, although their pace is slow but very determined. The possibilities of blockchain technology are endless, and the invisible obstacles to development need to be imagined by ourselves.

The bright prospects of blockchain technology

It is exciting to see media like the BBC take such an interest in projects related to blockchain technology. Of course, these media have already signed smart contracts with blockchain technology. With the support of multi-functional platforms, this field will be very competitive in the next few years. At the same time, any individual or company can sign smart contracts with Ethereum, Bitcoin and BitShares, which may lead to some interesting innovations.

However, OpenBazaar (centralized commodity trading market) will attract more consumers and companies from all over the world. OpenBazaar aims to eliminate any geographical restrictions on transactions. Unlike traditional trading products, such as Amazon and eBay, OpenBazaar is a decentralized peer-to-peer market that does not rely on any network platform. More importantly, OpenBazaar uses Bitcoin as a payment method, although other payment methods may be integrated in the future.

Augur (a decentralized prediction market platform) has received due attention from the BBC for its use of blockchain technology to achieve market predictions. Although it seems like science fiction to most people, the value of centralized intelligence cannot be ignored. As a global market prediction platform, Augur allows experts from all over the world to analyze specific market trends in a decentralized manner, making the platform the most accurate prediction tool in history.

It is undeniable that blockchain technology is one of the most exciting technological innovations in the past decade. Unlike consumer products, which are usually only available to the middle class and the more affluent, blockchain technology belongs to everyone in the world. Although the commercial viability of blockchain technology is still uncertain, it has been effectively serving Bitcoin network transactions for several years.

Finally, we still have doubts about how blockchain technology will change our society. Although blockchain technology currently exists only as a tool, not a competitor, financial institutions still see blockchain technology as a threat, believing that it will completely destroy their basic financial facilities. At the same time, a large amount of money has been invested in blockchain technology startups, and developers around the world are experiencing the technology firsthand and making huge profits.