We are entering a new phase of human evolution. However, it is not one comprising new limbs or larger eyes. Rather, it involves the pursuit of ultimate control, despite human error, through technological innovation. The robotic automation of society alluded to in the science fiction of our past is finally becoming a reality – one technological advancement at a time.
Human involvement, paper-heavy administration and room for error are exponentially decreasing as technologies like blockchain digitise and automate entire processes and interactions. What started as a platform for the transaction of Bitcoin and other cryptocurrencies now has the potential to span industries and verticals across the globe. There has been much hype about blockchain, with banks reporting annual savings of US$8-12 billion after its implementation, but seemingly little understanding about what exactly it is and how it can be put to valuable use in different sectors.