About Blockchain

Months ago I started learning about Bitcoin and Blockchain. Though I tried to buy some bitcoins and operate thru the market with them, to be honest, there is still a long path to walk before its use is widespread.

Last weekend, I got to know that European Union is about to eliminate the use of 500€ notes. Though there are still a couple of years to go, I received the news both as a surprise and as a common-sense step forward.

I'm a firm believer in a cashless society and in the need to make the currency, exchange and trade markets as transparent as they may be.

As far as I've learnt, blockchain seems the right answer to that need. The technology platform, will allow with its open-source approach to create any kind of contract that allows for the creation of any financial instrument (be it as complex as any derivative can get, or as simple as buying an item online)

Since blockchain promises no intermediaries and third-parties between operations, it seems to have an answer to both the need for more transparency and efficiency in the markets.

Think just of a global ledger where all exchanges are registered and are available to anyone who wants to have a look!

Think of getting rid of commissions for once and for all.

Just take a look at the following videos and links and share your ideas with me:

why-blockchains-will-change-the-world

A Fast Changing Labour Market (Ideas for the 21st Century)

We woke up today to new about another massive layoff in one of the biggest bank in Europe (Banco Santander).

That piece of news got me to think about what the 21st Centurty labour market will look like and how it could affect my children and future generations.

I just came to the following conclusions I would love to develop in the short term:

- Current labour market model still based on post-WWII growth rates -> past growth would assure long-life jobs

- Technology-powered jobs, meaning employees have to offer a higher education and specialisation, though educational systems are a way too far to be updated to current business needs

- Monetary exchanges are more and more based on "abstract" exchanges. No physical transaction is accomplished, no physical money travels on the way -> end of physical money transactions, no doubt driving us towards a no money exchange economy (exchange of value added services)

- Future exchanges of value will be based on knowledge and expertise of labour force and not on monetary exchange -> what can you offer to me and what can I offer to you? No Money Exchange!

- World driving towards a more democratic economy -> your monetary income (current measure of a person "value") will depend on truly what you give to society and not based on what a given employer thinks you are worth

The way we are currently changing the way we shop, we do business, we interact with each other and the way we make our money move, is a clear pattern showing we move towards a no money world and to a more democratic value exchange.

Unemployment rate, number of physical monetary transactions, stats about shopping online versus physical and GDP growth all point to those changes on the way.

If you got interested in finding out more about stats:

Stats on Online Shopping US

Stats on Online Shopping EU