Is Blockchain the Next Big Step?

This is an invention widely regarded was one of the most important in history. It also out dates the other innovations in the list by nearly 400 years. Gutenberg, who was a goldsmith by profession, managed to create the first type-based printing press system. This allowed for a never-before-seen spread of documents and books. The press spreading worldwide allowed for an intellectual revolution due to people having an easier access to information. A chain-of-events was happened, which led to the scientific revolution and increased literacy. The praise Gutenberg is owed when it comes to the progress of global education is endless.

Even though information was spreading, people were quite literally still in the dark. In the late 1800’s scientists started their first experiments with electricity. The light bulb, which as recent findings suggest was actually discovered by Nicola Tesla, was the biggest application of electricity worldwide. This discovery paved the way for other communication related innovations.

Innovations involving communications started becoming more frequent and changed way more

The next step in evolving communication was the radio. The first radio waves across the Atlantic were send in 1901 by Guglielmo Macroni. Up until about 1920 the radio system was used mostly by the military. After that commercial radio became popular. People had access to news, information and even forms of entertainment. Commercialization really changed the nature of this invention, but that’s just part of progress. To this day, a lot of people stay informed using this form of technology.

The next leap took 70 years give or take. The Internet became available for public use around the 1990’s. The Internet’s origins date back to the 1960’s when Dr. J.C.R. Licklider created a chain of documents, which envisioned a “Intergalactic Computer Network”. Essentially, this network would allow all global computers to access and share data and use the programs from the available websites. In 1963, Licklider laid the foundation of ARPANET. This involved sharing of computational resources between multiple users.

The Internet as a whole, was driven mainly by packet switching as the means of transmitting information over the closed networks. The 80’s saw the commercialization of the Internet and the 90’s saw public access to e-mails and basic web packages. The early 00’s saw incredible growth and unfortunately the dot com bubble. As seen today, the world is shaped by the Internet and many people cannot imagine their daily lives without its use.

Modern day innovations happen at lightning fast speed and there’s no telling what they will look like in 10 to 20 years

The Internet became a road, which connected the entire world together. Data sharing, information access and communication is currently available to almost everyone. New technologies started to emerge thanks to its infrastructure. So much data sharing became led to privacy and security being big issues. This led to the development of cryptocurrencies through encryption technology. While the technology was originally thought of back in the 60’s, encryption actually dates back way further. Encryption was vital to the Bitcoin protocol.

2009 saw the birth of Bitcoin and in 2017 we saw the “biggest” year for cryptocurrencies so far. The first cryptocurrency reached $20 000. This was eye opening for the public and many people started to realize this technology will reshape the world. Blockchain innovation started being used by many governments, banks and corporations in the last few years.

While mass adoption is still a long way, it’s important to note that people 20 years ago didn’t really use the Internet for many things. It’s impossible to predict how exactly this technology will evolve, but the sky’s the limit when it comes to the effect it could have on the modern world.

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