You may keep hearing that “blockchain is everywhere.” However, you may not be able to see how it is already affecting your daily life. Blockchain interacting with the average person seems like a future scenario, but it’s much closer than you may realize. In fact, there are many blockchain platforms with recent, working innovations that will explode in popularity as 2022 sees mass adoption. We thought it might be interesting to fast forward a mere 12 months and imagine a world where working blockchain solutions have experienced widespread adoption. How will you interact with them, what benefits will they provide, and what do we have to look forward to?
Let’s dive in as we experience January 2023 and a Day Made of Blockchain.
A Day Made of Blockchain
It’s 6:30 a.m., and your alarm informs you the day has begun. While blockchain hasn’t made getting up in the morning miraculously easy, you get out of bed, start the coffee, and use your on-chain biometric security to log in. After nearly forgetting your wallet password and seeing the security benefits, you opted for a bio-secure sign-in that uses a combination of your fingerprint, voice, and face, all stored in your possession but able to unlock your portfolio.
Once you open up your wallet and portfolio, you glance through the analytics to see how some of your investments have been performing. You have some tokens that are working in a yield farm, which provides a decent return. You are using some automated positions with leverage on a few tokens you think will jump any day now, but if they drop you also have built-in stop measures to minimize losses. You had relied on traditional “data oracles” to feed you the most up to date prices, but you’ve found that the new batch of AI Oracles from Oraichain are faster because they are built into your smart contracts, and they can offer more in the way of analytics, data, and predictions using their AI algorithms.
Before heading to work, you check your phone to see a notification. You had scheduled an appointment with a new doctor’s office, and they are requesting a transfer of your medical records. While fax machines and paper forms are still technically in use, most people have taken custody of their own records, moved them on-chain, and sharing records today is as simple as logging into your account and accepting the share request from the doctor. All new records created by your visit will flow automatically to your on-chain account, and even if the doctor’s office is hacked your records will be inaccessible and unreadable.
On your way to work, you reflect on your relatively new job. A few months ago, you decided you needed a change of pace, and started looking at community job boards. One of the boards was on-chain and showed a large amount of insight on the various companies hiring, the stats for the jobs and applicants, and opportunities to quick-apply directly. You found a manufacturing company that was right in line with your experience and had a lot of solid reviews that had been verified on-chain. You applied and quickly got an interview.
After the interview, the HR rep had asked to see your transcripts. Instead of reaching out to your university through a form and waiting weeks for them to mail a copy to the employer, you instead log in to your Blockademia account, authorize a one-time view of your transcripts, and show the resulting QR code to the HR rep. They scan the code, log into their own Blockademia account, and the records are there. Thanks to this and your solid experience, you didn’t even need to wait for an answer and were offered the job.
The job itself has been great, and you get to work on things that really interest you. As part of your job, you head up several manufacturing processes in the main plant. The company had partnered with several blockchain-as-a-service providers to improve the quality and throughput of the product. Combining AI and blockchain, a key area for you is monitoring the many different sensors on the manufacturing equipment through their IoT (internet of things) devices, which feed their data through a trained algorithm that detects anomalies and defects of the manufactured products. Normally training an AI-based model can be very difficult, but you had found similar models and purchased one through a Data Hub and were able to quickly link and customize it for this manufacturing process.
All resulting metrics are stored on-chain for auditing and analysis purposes by the corporate office, ensuring that each plant is running at full capacity. They are also able to detect larger trends that an individual plant wouldn’t be able to see. The corporate office also relies heavily on their blockchain-enabled supply chain, where they trace each component from source to delivery to ensure it is genuine and its delivery is on time.
After a long but satisfying day, you head home. You get another notification on your phone from your car insurance company, which has been able to shave off your premium again this month because of your driving habits as well as their AI-driven prediction model. The results have gone to your on-chain smart contract with them, and you are glad you moved on-chain and avoided at least some of the hassle you had in dealing with your previous provider, especially since all the key data is available, verifiable, and both premiums and claims are a lot more straightforward since they are managed almost automatically through the smart contract system.
Once home, you decide to spend a little time on your true passion: art. Your path to creating artwork has been a little different, as you feel a little more comfortable writing code than holding a paintbrush. You had found your muse a few months back when you discovered a platform that allows you to write AI-based code to automatically generate artwork, which is then minted as an NFT. You’ve sold several pieces at this point, but are more interested in the process itself than making money from it. The key to your formula is the ability to generate a true random number seed to kick off the algorithm, ensuring vastly different results in each piece of art. You use a service called VRF, which has been the strongest form of generating seeds for your art.