If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential? Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.
By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.
Nonetheless, what are your thoughts?
By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.
Nonetheless, what are your thoughts?
Highly impossible to happen! One world currency is never going to happen because it will make stronger countries like US, China, Russia or Germany to lose their dominance over financial prowess and global level. Do you think these countries will let go their dominance for the welfare of the world? Your statement of blockchain based currency will become a reality at country level while every country will slowly move to the digital economy and adopt centralized blockchain for their own currency. For example, India has already published a draft bill which recommends banning of bitcoin and other cryptos and at the same time, opens up the possibility to create a centralized crypto called "Digital rupee" which will be a replacement of physical money in India in phased manner! So country specific crypto is very much possible, but not at global level.