Digitalization of the Economy — is blockchain the next step?
By: Paulina Czaja
Tags: Ethereum, Digital Nomads, Bitcoin, Blockchain, Digital Transformation

Digitalization is fundamentally affecting economies and societies around the world. It drives entrepreneurial innovation, richness, and environmental financial and commercial growth.

Digitalization of the Economy

What is the digitalization of the economy?

We are witnessing the digital transformation of many industries. It’s called the fourth industrial revolution. It leads to a radical reduction in the costs of storage, processing, and transmission of information and money. Furthermore, it’s transforming the way economies operate. Over the last 20 years, investments in ICT enterprises have raised the GDP of many countries by tens or even hundreds of billions of dollars.

Impact of digitalization on the economy

Customers spend countless hours every year, comparing offers, buying goods, reading free information portals, blogs, and using social networks. They also are transferring funds or securing their savings through new channels for storing value.

However, in many countries, such changes are too fast to be followed by the law, formulated with traditional user-enterprise-service relations in mind, not platforms that connect the user directly with another user without the mediator.

The blockchain proved that this is not a problem as it creates a separate being, so to speak, in the economy, one that is not subject to specific national bodies of law or single regulations introduced by the given country. And it is based on peer-to-peer transactions.

Era of Digitalization

Stop putting your money in the bank — keep your money safe.

The truth is that these days putting your money in the bank usually results in losing it.

Why? The main reason is the excessive printing of money by governments. If the government prints too much money, inflation gets out of control. This causes the money to lose its value.

The second problem is that the interest rate the bank pays you in return for making a deposit is lower than inflation — the rate at which money loses value. This means that in the future your money will actually be worth LESS than it is now.

In addition, the bank is a third party that can change a given opinion in favour of another party. As an intermediary, it has access to your transactions and can even block or reverse it using a payment platform that works with them, even many months after the date of purchase.

So how do you invest wisely? Where to keep your money safely?

You might be surprised to learn that there are some pretty good options available in the world of investing.

Blockchain solutions — Save smarter and change the world, too?

Bitcoin trading

The most transformative digitalized era in business is happening right now. Innovators, businessmen, and thinking ahead companies are using Blockchain solutions to revolutionize trust and transparency in global trade, supply chains, international payments, and much more.

The most transformative era of digitalization in business is happening right now. Innovators, businesspeople, and forward-thinking companies are using Blockchain solutions to revolutionize trust and transparency in global trade, supply chains, international payments, and more.

One way to join the perfect virtual world built on the Ethereum blockchain is to invest in Etheros. Learn how to leverage our leading blockchain platform for your business. You can buy advertising services for your business and build your store of value that your descendants can inherit. All to help transform your blockchain vision into a business-changing reality.

Digital transformation of money — How cryptocurrency is shaping the future of financial systems?

The number of users and transactions of cryptocurrencies such as Bitcoin has increased significantly over the past few years. These currencies are independent of central banks. The adoption rate of cryptocurrencies is already growing at a tremendous rate. At the moment, it is already an industry worth more than $200 billion. Bitcoin is the most well-known cryptocurrency and has already enabled companies and individuals to grow and flourish. Many investors rely on BTC trading as a source of income and treat it as the store of value.

Cryptocurrencies, bitcoins in particular, are valuable to the global economy and society in general. Bitcoin has already created numerous sub-sectors that have enriched many companies and individuals. There are currently more than 5,000 cryptocurrencies in circulation, and many of them have been built with innovative applications as the ecosystem is rapidly evolving. Cryptocurrencies play a pivotal role due to their high volatility and availability. There are now many apps and platforms that use cryptocurrencies and bring them to a large-scale audience.

Standardized, mass commodities are currencies, which show well how the Internet has reduced transaction costs for cryptocurrencies. The development of the exchange of goods or services between strangers at a distance became possible, to a large extent, thanks to many innovative solutions of blockchain and smart contracts.

In Etheros World you can pay in the native token Ethos, which can be obtained with Ethereum and stablecoin USDT.

Bitcoin, Ethereum, Ripple

Conclusion

The enthusiasm generated by more and more innovative applications of modern blockchain-based technologies. The efficiency of companies among the leaders implementing innovative ways of payment is increasing. Currently, even a Tesla car can be paid for with Bitcoin. However, innovation is spreading much more slowly throughout the economy.

That doesn’t mean you have to be left behind. You can create your store of value today, and invest in land in the virtual world of Etheros, which gives you tangible benefits. Apart from the fact of owning a space whose value grows over time, you can also earn from your activity on this piece of land. You can build, mine, and create facilities that are useful to other users. Moreover, the effect of your work will not be lost, you can appoint someone to inherit your entire endowment.

Etheros Links

Twitter — https://twitter.com/EtherosIo

Telegram Community — https://t.me/Etherosio

Medium — https://medium.com/etheros

Reddit — https://www.reddit.com/r/Etheros

Telegram Official — https://t.me/EtherosioOfficial

Linkedin — https://www.linkedin.com/company/etherosio

Instagram — https://www.instagram.com/etheros.io/

Facebook — https://www.facebook.com/etherosio