One of the most intriguing inventions of the 21st century is hands down the blockchain technology but how far does it true potential reach and is there more juice left under the hood for us to change current traditional finance game even further? At this point, saying that the sky is the limit feels somewhat wrong because why not entertain the idea that there is no limit which means that blockchain technology comes with the limitless potential. Many governments have started their own independent research and exploration of the blockchain and some have even spoken about the plans of digitalizing their national currency on the Ethereum blockchain!
Ethereum Blockchain - Singapore Releases Token For National Currency
Singapore is one of the few countries that actually went into trials with their national token which is based on the Ethereum blockchain. Phase 1 of the project was completed earlier this Summer and was deemed a success which now moves it forward to phase 2, which revolves around cross-border payments. The fact that MAS used Ethereum blockchain as their foundation could hint that we might see Singaporean currency floating around on the public blockchain in the future, this would mean even bigger security than a private blockchain can offer.
Vitalik Buterin Meets Vladimir Putin At A Dinner - Ethereum Blockchain Discussions
Nobody is going to argue that the invitation to a dinner from a Russian president himself is more than a prestigious event but we must admit that Vitalik Buterin is one of the few men who truly deserves to be recognized for his marvelous invention. Officials in Russia have positively spoken towards the blockchain and Ethereum for the better part of this year and there has been a little rumor going around that one of the topics of discussions during the dinner was a possibility of digitizing some of the national currency on the Ethereum blockchain. Putin has long spoken about how he feels that he hasn't brought a technological advancement to his nation as yet and this just might be it.
Ethereum Blockchain China - ERC 20 Token Tests
Chinese Royal Mint has started the exploration and research of the blockchain technology from the early days on but ramped it up into the new gear with the appearance of Ethereum blockchain. They have currently been testing the efficiency and security of the network while experimenting with ERC 20 tokens as a substitute to national Chinese yuan. This project has been in the works for quite some time now so there is a good possibility that it will see a public eye sooner rather than later. The United Kingdom has built a special platform that allows purchasing real gold on the blockchain and been exploring the possibility of turning English Pound as a part of the blockchain family as well. Hopefully, even more, countries will follow in the steps of the worlds leading nations and while it may be a minute before we see the United States dollar to be digitized then these right here are more than a fair start.