DeFi, GameFi and many other Fi are available, and MachineFi is the hub of the elephant in the room. What if your profit center and economic engine could be machines?
I see a paradigm shift in the crypto and blockchain space. But take a minute to see how the DeFi goals are realized. Watch as crypto-enabled applications try to disrupt traditional financial services with software. DeFi emphasizes decentralization and the possibility of a trillion dollar machine-based economy based on smart and connected IoT devices.
The future of smart devices, IoT and Blockchain
Although the Internet has revolutionized our lives, most people would not believe what you said about how much human interaction will take place online over the next 20 years. Imagine a future blockchain. Someone said it is “a puzzle shrouded in mystery within an enigma.” This decentralized physical and digital universe has just begun to connect the pieces.
What are the small financial steps that are taking place on the Internet?
Several of these small steps are clearly evident. One, a blockchain application that runs as well and efficiently as a non-blockchain application is not a problem. We are already there. The next step is to create an interconnected network of smart devices that will act as the building blocks of this future. Interconnectivity is the challenge that the most innovative projects have tried to tackle and is likely to be a problem in the future.
MachineFi is here to help.
MachineFi refers to the interaction of smart devices with finance, similar to DeFi, an abbreviation for decentralized finance. Smart devices are everywhere. Ten years ago, it would have been a joke to imagine that your refrigerator could talk to your home security cameras. But, it turns out that we are already there! Who is laughing now?
Many people find this level of connection troubling, as the idea that robots will take over the world is so common in our society. However, it doesn’t have to mean that you disconnect from your smart devices. Instead, it is possible to increase security and trust between people and their devices. Blockchain is the solution.
Smart devices that connect to the internet can be found everywhere. But have you ever been through an electronic toll booth? The challenge now is to live with smart devices without compromising our privacy or giving up the economic benefits of this data.
Smartphones help MachineFi
I’d be surprised if smartphones didn’t take over the most critical area of life: money. Any smart device that makes people more money will succeed. MachineFi is a smart device that can make people earn more money.
MachineFi is the generic term for an ecosystem of smart devices that are beginning to gain substantial market share in finance. Market share will come because the technological capabilities of these decentralized ecosystems of devices were never in doubt, and they are building power.
MachineFi is a revolutionary alternative to centralized finance.
Blockchain has been around for over a decade and now we see more widely applicable uses. MachineFi is a bridge between today’s decentralized world and a world where machines are an integral part of people’s economic lives.
The foundations of MachineFi are blockchain decentralization and financial technology. They will be more than the sum of its parts. They are giving economic sovereignty to individuals and devices.
What MachineFi Means for Businesses
Instead, the corporate world should consider this sharp turn to MachineFi a gentler turn to better winds. The tech world’s best-loved products, like Apple Watch, Google Glass, and AR / VR devices like Oculus VR or PlayStation VR, have been almost exclusively dominated by mega-corporations.
MachineFi is a different company that is constantly growing.
Companies that are making waves in the market today do not have to accept the status quo, but can be encouraged and encouraged to challenge it. There are huge benefits for entrepreneurs, angel investors, and developers. These people can also make a difference in people’s lives through the use of technology.
Take the Industry IoT Consortium VAT. It’s not often that you can work in a profitable, fast-moving industry and create something that ensures that a donor’s heart reaches the recipient safely. This is a unique opportunity, so it is not surprising that this sector has seen rapid job growth.
If we look back at the beginning of the Internet, we see that many dreamers envisioned a future world very similar to our own. Internet pioneers were the ones who led the internet to every significant adoption milestone.
We all have this potential with decentralized technology and connected devices, financial opportunities, and algorithms. MachineFi can deliver on that promise.
The bottom line
Medical technology has come a long way in recent years. Facing the pandemic, medical technicians were challenged to produce scientific wonders. They have also worked closely with cyber experts to create practically a new branch of healing.
Telemedicine is a new branch of medicine that now blesses the lives of untold numbers of patients in rural and isolated areas.
Image credit: George Milton; Pexels; Thanks!