Changes are ever increasing. Truths are being daily uncovered. How do we cope with this? How do we live with it and profit?
First, we accept this is our reality. We have always had change. It is necessary for life. We have just not experienced it this frequently. It may take some of us longer to be comfortable with the ever-increasing rate.
Second, we can take a good look at the way we do things and decide, ahead of time, what we will change. Then, prepare.
One area where a global revision is required is in the financial arena. The existing financial debt system benefits few and needs replacing. A Quantum Financial System [QFS] has been developed based on block chain technology.
A block chain distributed database stores electronic data in digital format in blocks of fixed size linked in chronological order via cryptography. The blocks have a defined storage capacity. When filled, they are closed and linked to the previous block, forming a chain in an irreversible timeline shared among nodes in a computer network. Every node in the network has a copy of each block. The filled block is set in stone becoming a part of the timeline as a timestamp. It is permanently recorded, viewable by everyone. This is decentralized. No one person has control. The larger the network, the more secure. What’s needed to use the system: internet connection, a mobile phone and a wallet.
Block chain technology has growing uses. IBM’s Food Trust Block Chain tracks food transportation to quickly and easily locate contaminated food once an outbreak occurs including food that’s also been exposed. Pfizer, Walmart, Unilever are a few of the businesses that employ it. It is used for medical records, property records, smart contracts, voting [WVa Nov 2018] and in human DNA. It can provide banking services for 1.7 billion adults globally currently without. It gives heightened security, user privacy, 24/7 access, lower processing fees and errors. It takes no more than 10 minutes, generally 3-5 seconds, to complete a transaction start to finish vs. days currently the norm.
Disadvantages of block chain technology are cost of mining, low number of transactions per second, history of illicit activities, varying regulations by jurisdiction and data storage limitations. Mining costs can be offset by other savings. Very few even consider using it illicitly because of its transparency and traceability. A QFS built on a quantum-secure blockchain encryption, quantum computing, and quantum cryptography is being considered and agreed to by all the countries of Earth. Regulations will also eventually be global.
A wallet is used to store block chain money, such as bitcoin. Wallets are under our control. It is like keeping money in a safe instead of a bank, only much, more secure. Store in a wallet instead of an exchange.
What we can do is investigate, study and understand our options, then consensually with our neighbors, decide the best actions for us all, respecting the rights and requirements of each.