CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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The recent increase in reported incidents of surveillance and security breaches compromising users’ privacy call into question the current model, in which third-parties collect and control massive amounts of personal data. Popular cryptocurrencies have demonstrated in the financial space that trusted, auditable computing is possible using a decentralized network of peers accompanied by a public ledger.

Up until now, social networks’ users have been expected to read thousands of words to understand how their data is used. And, let’s be honest, we don’t always do that. Staying logged into a social network can mean it can see practically all of the other sites you visit and this information is sometimes used to serve up adverts you might be interested in. Some companies also aggregate your data so advertisers can reach very specific demographics, such as a 40-something male, living in Tokyo, who owns a dog and likes fried chicken.

Giant companies appreciate personal data like no one do because the data gleaned from your online habits can be used to attract advertisers.

By using decentralized systems, people have the potential to decide who can obtain their information, and how much it is worth. For example, if you are a high-flying professional who has registered with a recruitment marketplace, this company could make other users pay for access to your contact details and your full profile. Therefore, the company opens a site or application and checks all information stored in distributed ledgers.

How can I do that?

One of the pioneers in this area is Aworker, a multi-chain solution that consists of a data protocol for applications, a people identification system, data exchange. All together, these features form a multifunctional infrastructure for the creation of a unified Reputation system for apps.

Aworker DApp — decentralized platform for recruitment where you can find a dream job for yourself or your friend, spouse, acquaintance, etc. The catch here is that you have to prove the data you write about by attaching certificates or other verifying documents. People can prove their competence without lengthy checks and information gathering. In this case, applicants will be able to manage their data and monetize it if necessary.

At the same time, Aworker protocol will give complete information to companies when hiring employees. Lack of verified information about applicants is one of the significant problems in HR in our time. It is nearly impossible for one application with centralized servers to solve this problem. The protocol will unite the efforts of application developers and gather complete information about applicants.

You are a developer and want to know more? Drop me a letter at anton@aworker.io

While We’re Here

I also remind you that Aworker Private Sale #4 is live right now! For further details visit  aworker.io

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W.

What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?