You have a good idea, an invention that could make life easier for millions of people. You develop it, seek financing, and prepare to build a prototype. After much paperwork and several months go by, you finally get to test it. The results are incredible; everyone is excited about what you have created. You launch your product and begin to grow your business. Everything is going well until one day you get a call from the patent office. They have determined that your product falls under patent infringement and ask you to remove the product from the market. Disheartened, you begin the process of building a new product and business. What happened?
Sometimes the dream can turn into reality, but often it doesn’t. How many times have you heard an inventor say they imagined their invention would make them rich, but instead, it made them poor?
The key to creating wealth is not in finding ways to make something new that nobody ever thought of connecting before. It’s in finding ways to do things better, smarter, and more efficiently. One such example is blockchain technology. You may know about Bitcoin and how it works, but did you know that it is a specific type of blockchain technology that is here to solve many of the world’s existing problems?
The invention of cryptocurrency and the entire rise of the blockchain technology world has happened much faster than most people think. It was only seven years ago that Bitcoin was created and began developing a following. For a while, it looked like the conventional wisdom that you needed to be looking for legacy investments to make money was true. However, since the early 2010s, several ICOs and the explosion of the Ethereum platform have shown that the future of cryptocurrencies and blockchain applications is limitless.
Blockchain is the technology that underpins all digital cryptocurrencies like Bitcoin. In the coming years, we’ll see an increasing amount of usage and applications of this technology.
While it is still early days, we know that blockchain is going to change the world. The ability to store and share digital asset records on a secure network that is accessible to everyone has huge implications for business, government, and society as a whole.
If you’re looking for an invention that is guaranteed to make you rich, consider blockchain technology.