What’s Next for Crypto.

Summary

The web content discusses the future potential and applications of cryptocurrency and blockchain technology across various industries, including finance, media, transportation, and retail, emphasizing the importance of mainstream acceptance and technological convergence for growth.

Abstract

The article titled "What’s Next for Crypto" explores the future trajectory of blockchain and cryptocurrency, suggesting that the next phase of growth will likely involve integration into more complex transactional systems beyond currency, exchanges, and accessories like wallets and NFTs. It posits that for crypto to gain wider acceptance, it must expand into consumer markets such as money transfer, retail, finance, media, gaming, and chats, and also integrate with industries characterized by high transaction volumes, including utilities, energy, trade finance, industrial supply chains, communications, and health records. The convergence of crypto with edge computing, IoT, autonomous driving, AI, and the Metaverse is seen as essential for enhancing its utility in sectors like logistics and delivery data management. The article also touches on the potential for crypto to revolutionize local transport systems through dApps and to facilitate micro-transactions in various markets, such as car rentals, real estate, parking spaces, and gym memberships. It concludes by highlighting the role of crypto in the emerging economy, which is influenced by significant technological advancements like the Metaverse, AI, cloud computing, autonomous driving, and renewable energy.

Opinions

The author believes that the future of crypto lies in its ability to penetrate new markets and facilitate future growth by integrating with various consumer and industrial sectors.
Mainstream acceptance is seen as a critical factor for the expansion of crypto, with initial adoption expected to occur in easy consumer markets.
The article suggests that crypto's success will depend on its integration with other technologies such as edge computing, IoT, AI, and the Metaverse, which will enhance its utility in sectors like logistics and delivery data management.
There is an opinion that the next wave of innovation in crypto could start from the consumer side with recreation and entertainment, eventually leading to growth in infrastructure, social, business, and government applications.
The author posits that online platforms and marketplaces could benefit from incorporating crypto for transactions, potentially creating new opportunities for participants in these markets.
The article conveys that the establishment of micro-exchanges and the facilitation of micro-transactions through dApps could open up new markets and transaction types, including short-term rentals and lending.
It is implied

Media Promotion.

Currently. The previous wave in crypto has been dominated by new currency, exchanges, and accessories like wallets, NFT, virtual real estate.

Mainstream. How will crypto need to expand in order to gain wider acceptance and market share. The first wave is usually easy consumer markets which are easy to get access. Such as money transfer, retail, finance, media, gaming, chats.

Industries.

Sectors. Crypto will need to work in industries with a lot of transactions. Such as trading in utilities & energy grid, trade & finance, industrial & supply chains, communications & media, health check & records.

Tech. There will need to be a convergence of technologies. Edge computing and IoT. Autonomous driving. AI. Crypto BlockChain. IoT can provide sensor data, AI for knowledge, Metaverse for communication, Crypto for ledger records.

Transport.

Supplies. After communication, money transfer, sensors. Next industry targeted could be delivery and logistics. Using automated freight trucks and flying drones. There is where Crypto can be useful for logistics and delivery data.

Systems. Crypto will need to work with complex systems such as local transport and transit. Multiple public and private systems can have buses, trains, metro or shuttles. dApps will be used to find the best routes and timings using actual location data.

Progress and Growth.

Next wave. Innovation may start from consumer side with recreation and entertainment. Then will growth in infrastructure. Can move onto social and business and government work. One way forward is to get websites such as Medium, Duolingo, Fiverr, Coursera and others to start using Crypto for more transactions.

Gigs. Online websites for retail and gig work are dominated by certain players. Only certain financiers, experts, workers. Need a path for progress for new members. Need a way for new members to get orders or get income.

Markets.

Exchanges. Micro exchanges can be set up for goods to have a large number of transactions. Activities such as short term car rentals. Short term rentals for real estate. Short term parking spaces. Short term gym and workout memberships. Media or magazine subscriptions for the day. Lending of workshop tools for micro duration. Micro lending of currency.

Micro transactions. This is possible because of low cost micro transactions. dApps can be used to check for availability and best pricing data. Auction markets.

Thank You !

Disclaimer: Edu and info only. Not legal, tax, accounting or investment advice.

References. (Own Personal Viewpoint.)

Finance. Investing. Economy. BitCoin. BlockChain. CryptoCurrency. Stock Market.