Antonio Velardo on the Past, Present, and Future of the Blockchain

Antonio Velardo Comments on the Timelines of the Blockchain: Where It Was and Where Its Going

The blockchain is commonly known as the foundation of cryptocurrencies like Bitcoin, but its specifics and how it works are not nearly as ubiquitous. Antonio Velardo is an expert on this subject, and he delves a little deeper into how it all works and what the past and current timelines can tell us about its future.

Why did the blockchain garner its response when it first came out?

 Velardo says that the blockchain has solved many problems that people have struggled with for years. It was exceptionally secure, which everyone could get behind after the countless financial hacks and data loss we were seeing. And it was accessible, which gave us a glimpse into a future where you might not have to pay a $.35 charge for a $.50 transaction.

Did people rail against it at all?

 Yes and no. Of course, plenty of people would dismiss anything about cryptocurrency as nothing more than "fake money", which is an exciting phrase considering that nothing has financial value unless humans bestow that value.

Yet Antonio Velardo comments that it was a little surprising how much even the skeptics of crypto were won over by the many (many) benefits of the blockchain. It was just too practical to ignore (even when people wanted to) in many ways.

What are some of the current applications of the blockchain? 

This question drives to the heart of what the blockchain is. Antonio Velardo says that you can use it in just about every industry.

Construction workers can use the public ledger to track complex projects. Families can use it to trace their lineage. Medical practices can improve privacy without compromising patient care. So while it may have been initially developed for finance, it can be derived for a practically limitless array of applications.

What about regulation? 

Well, thats the million-dollar question. How different countries eventually regulate the blockchain will ultimately determine where it heads. Its not being regulated right now, but theres no reason to assume that it will always be this way.

The point of cryptocurrency was to get the public to police the system, not the government. Of course, best-laid plans don&rsquot always go the way that inventors want them to in the real world. This in no way detracts from the promise of the blockchain. More becomes an issue to watch like a hawk for anyone who wants to predict the following stages.

Antonio Velardo Talks Blockchain of the Future

Where do you see the blockchain going? Antonio Velardo explains that he doesnt know the blockchain is slowing down despite the potential roadblocks. Exactly what it will look like in the future depends on everything from everyday citizens to CEOs to government officials. There&rsquos no denying, though, that the blockchain can offer us a very different perspective of what money can be. In addition, it can offer us an entirely new solution to how we store data as a whole.