I agree completely. That's one problem that cryptocurrencies are looking to solve. They're already being implemented in transactions around the world in a fraction of the time. Can't wait to see what the future holds!
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Hey @cryptodata. Just followed you. new to SteemIt, so please check out our Bitcoins & Gravy podcast episodes we are posting to SteemIt. Your posts are informative, well proofread, and concise. It appears we need more of this high value content here. In regards to the overall expansion of crypto, a lot of my research has been showing an accelerated move towards implementation of blockchain applications which address #supplychain issues, especially including anti-counterfeiting. These are especially valuable in the developing world (where such counterfeiting is rampant, and whose risks are passed along to "developed" world consumers through international trade. Examples of this include : food items from "risky" sources (ex. chicken, pharmaceuticals, toys, etc. from China), high-end (luxury) retail goods which are manufactured overseas, etc. There are TONS of additional examples. Here is one article (of many) which expands on this concept :
High Fashion Meets IoT and Blockchain with BigchainDB and LungoTavolo
https://blog.bigchaindb.com/high-fashion-meets-iot-and-blockchain-with-bigchaindb-and-lungotavolo-14c25ae99c57
It is my opinion that this will be a MAJOR catalyst to the acceleration of global crypto expansion, as this "supply chain risk" issue has been a MAJOR obstacle to the PROPER expansion of international trade which will enable the global economy to get past the crisis we have been in for the past decade plus. As a result of my strong belief in this, I believe it would be advantageous at this point to invest in any cryptos which are at the core of such supply chain applications (ex. Ethereum) et. al. Just my two cents. Keep up the good work! @bitcoinsandgravy
Thanks for the thoughtful comment! I try to give out as much quality content as possible. You make a great point about crypto solving the "supply chain risk" problem in order to make everything more secure. I know Russia has already started using them to track meats and other food sources, so it won't be long before other countries pick them up for their own supplies. I look forward to where we go in the future and definitely think now is the time to invest :)