Deutsche Bank recently released their Imagine 2030 report, which analyses predictions for the decade ahead pertaining to the future of finance. Author Marion Laboure believes that cryptocurrencies can become widespread if they over come three main hurdles:
- Become legitimate in the eyes of governments and regulators
- Bring stability to the price and bringing advantages to both merchants and consumers.
- Allow for global reach in the payment market.
If those can be overcome, “As we look to the decade ahead, it may not be surprising if a new and mainstream cryptocurrency were to unexpectedly emerge.”
Pradeep Goel, CEO of Solve.Care, commented:
“Deutsche Bank’s predictions regarding rates of blockchain adoption indicate that the technology is already on a firm footing and set to grow its user base enormously in the coming decade. However, I believe that adoption will be more rapid than expected, and we will see companies across a range of sectors implement decentralized technology to enhance business processes and improve services. The internet was revolutionary and facilitated a degree of communication previously impossible, and while blockchain is equally revolutionary in its scope, it is much more nuanced in the advantages that it delivers, in terms of increased data security, immutability and transparency.
One area where blockchain will directly impact the lives of millions of people around the world is in healthcare. Blockchain has the potential to help make healthcare more affordable by creating efficient structures and decentralizing patients’ private data, enabling more streamlined care coordination for all parties involved. Under the current system, even simple tasks like scheduling appointments can inconvenience patients. From long wait times to unsuitable appointment hours to the difficulty in securing the right specialists at the needed time, convoluted scheduling is an issue most of us have experienced before. By automating this archaic structure and creating a transparent and frictionless scheduling system, we can ensure patients are not only more satisfied, but also receive medical care at appropriate times to improve health outcomes.
This is just one tangible example of how blockchain can improve people’s quality of life, but it’s clear that once people experience the benefits of this exciting technology, blockchain will be here to stay. I believe that as more people realize its potential, the number of users leveraging blockchain on a daily basis may indeed exceed those numbers predicted by Deutsche Bank.”
Check back in 2030 to see how this prediction played out.