Human Civilization isn’t all about evolution and survival. The rise of human civilizations and their absurdly mirroring cultural similarities highlights the presence of a superior hand in many instances. One such Cannon event is the role of Fire. In the heart of ancient mythology strides Prometheus, a titan whose name echoes through the corridors of time, synonymous with audacious innovation and a daring spirit that challenged the very gods themselves. With a spark of defiance, he gifted humanity the fiery essence of knowledge- Fire, shaping destiny and illuminating the path of progress. Fire’s multifaceted role from providing warmth and protection to its ability to cook food enhanced nutrient absorption, aiding the development of larger brains was a game-changer to humanity. Fast-forward to the 21st Century, Satoshi Nakamoto, a person whose true-identity remains unknown shows all the attributes of a new-age Prometheus. His paper introducing ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ back in 2008 has kick-started a chain of events mimicking the famous California Gold Rush of 1848. People from across the globe began mining Bitcoins, disrupting the very foundations of the financial world. Just like how a huge Wildfire slowly dies off, the mighty Gold Rush of the 21st Century lost its luster. But what it left behind is the true game changer-a certain technology way ahead of its time. This paper aims to highlight the emergence of a new sustainable economy running on blockchain technology through real life use cases and scope for adoption and implementation by presenting supporting use-case scenarios.

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Unlocking a Better Future: The Rise of Blockchain Economy

  • S. Saranya,
  • Nittymol Antony,
  • Thobees Thomas

摘要

Human Civilization isn’t all about evolution and survival. The rise of human civilizations and their absurdly mirroring cultural similarities highlights the presence of a superior hand in many instances. One such Cannon event is the role of Fire. In the heart of ancient mythology strides Prometheus, a titan whose name echoes through the corridors of time, synonymous with audacious innovation and a daring spirit that challenged the very gods themselves. With a spark of defiance, he gifted humanity the fiery essence of knowledge- Fire, shaping destiny and illuminating the path of progress. Fire’s multifaceted role from providing warmth and protection to its ability to cook food enhanced nutrient absorption, aiding the development of larger brains was a game-changer to humanity. Fast-forward to the 21st Century, Satoshi Nakamoto, a person whose true-identity remains unknown shows all the attributes of a new-age Prometheus. His paper introducing ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ back in 2008 has kick-started a chain of events mimicking the famous California Gold Rush of 1848. People from across the globe began mining Bitcoins, disrupting the very foundations of the financial world. Just like how a huge Wildfire slowly dies off, the mighty Gold Rush of the 21st Century lost its luster. But what it left behind is the true game changer-a certain technology way ahead of its time. This paper aims to highlight the emergence of a new sustainable economy running on blockchain technology through real life use cases and scope for adoption and implementation by presenting supporting use-case scenarios.