This would completely change the face of business banking. In addition to changing the financial structure of the business and the way transactions are facilitated, blockchain would have the ability to create entirely new business opportunities.
Existing technologies and processes would be completely disrupted, but as a result, there would be entirely new opportunities available.
People could use blockchain as a trading post, they could rent the excess cloud storage, and they could become trained as blockchain consultants to assist others in navigating the blockchain environment.
There would be many other careers opened up too, as a result. Blockchain would have the opportunity to completely shrink the world as we know it. The boundaries between countries and businesses would be completely eliminated.
Transactions and trades across the board would be easier than ever to facilitate, and there would be much less difficult when working with businesses from anywhere. Transactions would be instant and businesses could interact overseas just as effortlessly as they would if they were direct next-door neighbors.
Ultimately, the face of business would completely change. Models behind businesses would change, career opportunities would open up, and trading would become much easier.
Businesses large and small would all have fair chances at the same opportunities, and there would be almost nothing keeping small businesses from having the same impact as large businesses currently do.
Smaller businesses would be opened up to opportunities to have a major impact on the world and take their business from a local market to a global and universal market. In addition to banks and businesses, blockchain would also have a massive impact on governments.
If blockchain were to be completely integrated, traditional currencies as we know it could be eliminated entirely. Instead of having different currencies for different nations, we would have bitcoin and other cryptocurrencies that would dominate the market. There would be no need for country- or region-specific currencies.
As well, blockchain would be an excellent way to distribute currencies to developing nations in order to assist in raising social welfare and ensuring that everyone across the globe was taken care of. We would be able to eliminate the boundaries and lines across countries and come together as one united global community.
Another powerful way that blockchain would have the ability to impact government is through elections. As we have already explored, blockchain could be used to eliminate the expenses and time investment in elections.