Will Blockchain See Wide-scale Government Adoption & Commercial growth?

[MaMooN]

It’s still early days, but as different cryptocurrencies with different use-cases and technology appear, and as governments get down to creating legal frameworks for it, blockchain will see rapid adoption in multiple industries.

The benefits of cryptocurrency are simply far too tangible for it to be ignored long. Security, democratization, lowered transaction fees, global coverage – the list goes on. What’s standing between a worldwide renaissance and today’s current economic system is a hesitancy on the part of governments and disagreements between various formal institutions on how to incorporate it.

That’s understandable, given that unregulated currency often finds itself in criminal hands. However, the dominoes are already toppling, as numerous countries have either approved cryptocurrency as legal tender or are expected to do so.

There are also certain cryptocurrencies that benefit banks and other financial institutions directly. Another obstacle here is a lack of genuine use-cases for cryptocurrency. This too is changing, as Microsoft, Newegg and numerous stores across the world are beginning to accept it as a form of payment.

so , the question here is not if, but when?