Blockchain Technology and Globalization – Conclusion – TheNews.Asia

One of the biggest concerns for globalization is that through globalization, local cultures could be lost. Haugerud has argued that those critics of globalization based on the fact that the locale is disappearing should remind themselves that individuals are the true and true shapers of development rather than victims or recipients of it. Players in the blockchain industry have already begun to shape the development of their clandestine culture.[1]

The universal elements of culture are symbols, language, beliefs, values ​​and artifacts.[2] The blockchain industry has all these characteristics, which could lead us to recognize that the industry has generated its own culture.

The symbols of the industry are based on the red and green colors, which symbolize gains and losses on the market. There are also the ubiquitous logos that every company has to be recognized. The most popular logos are obviously those with the greatest significance for people in the industry. A rich vocabulary has been established that people in the industry use every day. Most terminology comes from English words and acronyms based on technological developments or traditional investment terms. Words like fork, mining, token, FOMO, FUD, is Hödl they have all become part of the daily vocabulary of people in the industry.[3][4] The existence of such terminology indicates that there exists a well-developed underlying subculture in development just like the technology associated with it. The belief of all those who interact in this sub-culture is that blockchain technology, cryptocurrency trading or both, will have huge impacts in the world. Some statements require a real anarchy based on Bitcoin, while others are much more conservative in their estimates of the usefulness of the technology. The artifacts could be considered Bitcoin's genesis portfolios, which are the first digital portfolios to contain Bitcoin. Others could be physical Bitcoins and various other cryptocurrencies that have been made over the years. The youth of technology itself precludes it from having yet given birth to a considerable amount of artifacts, but certainly some exist.

Considering the demographic data of the people inside the blockchain industry, we are witnessing the birth of a true global culture. What has already been defined is the framework of a rich and prosperous culture based on the merits of a complicated and coveted technology that has yet to show its value. Blockchain industry players already ignore the considerations of national, ethnic, linguistic, and socio-economic background because the values ​​of fairness, egalitarianism and merit rank at the top of the list of values ​​shown by the culture in bloom. Ideally the globalized world would be very similar to the world enjoyed by people in the blockchain industry. As a result, people within the nascent sub-culture are all agents, consciously or not, of the transformation that technology could demand from commerce, information and trust.

So what's so special on January 3rd^rd, 2009? It is indeed the same question for any important date that is not yet well known. Only Columbus, his crew and some Native Americans knew about Columbus's discovery on August 3rd^rd, 1492. It took time for the effects of his discovery to be widely known and to produce a serious global impact. The date on which Bitcoin's blockchain has arrived online may take many years to become historically significant as well.

Blockchain technology has already proven itself to be a serious globalizing influence not only through technology itself, which apparently eliminates many of the complications that globalization is facing up to now, but also through the industry that develops it and markets. People from all parts of the planet and from all walks of life are working together to ensure the success of their company or others through the implementation of blockchain technology. The industry surrounding technology is already deterritorializing people and their cultural background. It also has the potential to deterritorialize information and money for years to come.

To be continued as part of a series. 1 2 3