So why am I in Singapore right now? Well, the story began about six months ago when I was reading The Industries of The Future by Alec Ross. The chapter entitled The Codification of Money contained a segment on Bitcoin and something called "the blockchain" that together, Ross said, formed a revolutionary new kind of internet money with world changing applications.
At the time, Bitcoin was surging from $1,000 to $2,000 per unit which served to further pique my interest. From there, I started reading more and more about this mysterious internet currency and the blockchain technology that enabled strangers on the internet to transact without banks or intermediaries. Before I knew it, I had descended down the ultimate rabbit hole that revealed how these technologies are in the process of transforming finance, governments, and society as a whole.
So why Singapore? For starters, there are some really interesting things going on with blockchain technology in Singapore. The MAS (Monetary Authority of Singapore) has taken a regulatory friendly stance on this emerging industry, making it a hub for activity and innovation. They're also currently experimenting with turning the Singapore dollar into a cryptocurrency. And, if you read my previous blog, you know I love South East Asia as well as inserting myself in unfamiliar situations and seeing what happens. Singapore will allow me to do exactly that.
My goal is to write something that ultimately leads to a career within this emerging space while gaining a better understanding of these complicated and nuanced technologies in the process. Additionally, I hope to help whoever reads this gain a basic understanding of what blockchain technology and cryptocurrencies are and why they're important. After all, it seems quite possible that they end up being as big a part of your daily life as the internet is today while potentially shaking up whichever industry you currently work in.
In my first couple of posts, I'll attempt to explain the basics of blockchain, bitcoin and the overall cryptocurrency market. From there, I'll see where the rabbit hole takes me.
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