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It Is 2040 And Everyone is Web3 native

The year is 2040 and Web3 has achieved mass adoption.

Everyone is a Web3 native — native in the form that Web3 technology has become more of a necessity than just leisure. This means that everyone understands Web3 as their second nature.

For a guy like Jack who is now in his 50s, his Web3 journey began 2 years ago when the college that his son attended started to oblige all their students to create a Web3 wallet.

This wallet is used for everything that the college decentralised application (DApp) offers, from tuition fee payments and assignment submission to attendance and grading systems.

Jack has to pay the tuition fees for his son and he has to do it using the DApp as it only accepts cryptocurrency. That was the sole reason why he made his Web3 wallet.

Even the college has its own blockchain protocol and everything is transparently available on the blockchain for everyone to see, except personal details that are hidden behind zero-knowledge roll-ups.

While having his coffee that morning, Jack opened the TV and there was news on the announcement made by the Prime Minister on the launching of the government’s official DApp, mentioning that all future payments for government services and from the government will be made through cryptocurrencies.

This is said to ensure transparency of public funds and also to prevent corruption within the agencies that supervise these services and public funds. Targeted cash assistance is also done via cryptocurrency payments straight to the assisted people’s Web3 wallet.

Jack said to himself: “Not bad eh, Web3 really does improve a lot of things.”

He then went on to check his e-mail inbox and there was an e-mail.

The e-mail required Jack to update his Web3 credentials to his property agent as the property sector is migrating to the blockchain and he will get his Web3 property certificate. The agreements between the buyer and seller of the property are also enforced by the blockchain.

The property ownership certificate is tokenized as an NFT where everyone can easily see the owner of the property. This is made available through blockchain along with the payment records for the property.

Later that day, Jack went to a nearby clinic for his routine medical checkup. At the clinic, Jack opened his phone and scanned the QR code using his Web3 wallet app as proof of his attendance and to pay for the medical bills.

Now, blockchain is utilized in healthcare to preserve and exchange patient data between hospitals, diagnostic laboratories, pharmacy firms, and physicians.

The patient data is stored under each patient’s digital health profile and is owned by the patient itself under their Web3 wallet. This data can easily be given access to health institutions for further inspection and cross-validation for life-saving treatment.

Since Jack is the owner of his own data and has been coming to the same clinic for months now, Jack did not have to scan the QR code that gives access to the clinic and Jack can easily revoke this access anytime he wants via his Web3 wallet app.

On his way back home from the clinic, Jack finally understood the necessity of Web3 and its impacts on society — especially on his life and this came only after nearly 20 years.

Back then when he was in his 30s, Jack never liked NFT or had the urge to be in Web3. He was not a ‘boomer’ to begin with, heck, he was not even 35 yet but he did not understand what Web3 was all about and did not bother to learn more.

That was the reason why he hated Web3 like everyone else.

And people hate what they do not understand.

When he saw that his friends who were NFT ‘degens’ made some money buying and selling JPGs, he thought to himself that it was nothing more than just another Ponzi, get-rich-quick scheme in which the riches lured the poor to participate but in the end, only the riches win.

Back then, that was what he thought Web3 was about.

Then a few years after that came the big brands offering NFT memberships to their loyal customers. This membership entails exclusive access to special events hosted by the brand’s ambassadors and special purchases for their limited products, including discounts for all their products.

Same, Jack did not feel the need for him to get into Web3 too.

When his favorite brand, Hotplay started a concert tour, Jack was excited to purchase the tickets but as he opened the ticketing website — everything was about NFT and cryptocurrency.

He would need to buy the NFT tickets to go to the concert. Jack was disappointed and decided that it was too much of a hassle to create a wallet and top up some cryptocurrency in it just to get the ticket.

For the concert, there were two types of tickets. The first was only for admission and the second was for admission and exclusive access.

As NFT was used as tickets, the organizer can easily validate and give access to whoever owned the NFT at the concert entrance and for entering the exclusive area with the band members.

To prevent reselling of these tickets, the organizer sold these tickets as soul-bound NFTs, meaning that they are non-transferable and hence cannot be resold.

He could have asked his best friend, Adam, who was an NFT artist and also a fanboy like him too.

But Jack did not ask Adam — because it was NFT and Web3.

10 years after that, more and more businesses started to accept cryptocurrencies as their method of payment. It was easier for businesses to receive payments from buyers from different countries. The businesses also utilized NFT as part of their businesses to provide special perks to their most loyal customers.

The reliability and safety of blockchain are considered the main advantages for businesses to switch from centralized technology to decentralized Web3 technology. This blooming of Web3-friendly businesses was also the result of more financial institutions jumping into Web3.

Suddenly, Jack heard the car behind honking him.

The traffic light was green and Jack was not moving.

He slowly drove away.

Realized that it was hard for him to swallow this new reality.

He was a Web3 skeptic before but now most of his life revolved around Web3.

And there is nothing he can do about it.

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