The Future of Digitalisation


Published 24 February 2020

Writing about near-distant future is a futurological matter. By implying phrases such as banking, FinTech sector, blockchain, digital currency, IT security, we constitute a thematic area through which it is possible to define possible scenarios for the future development of digitalisation.


Today, digitalisation is not only a process of transforming information into a binary level. From the perspective of long-term predictions, it is a global development reclassification of the human ecosystem.

One of the most significant scientific discoveries of the 20th century concerning DNA was made 67 years ago. Today, we know that the DNA structure is a carrier of genetically encrypted information, responsible for forming all the traits and features of most living organisms, including humans.

The question is: does DNA happen to have certain indirect features, consistent with blockchain? On the elementary level, they have a common denominator, namely the information flow.

Information identification gives us the possibility not only of analysis but also of the possibility of guiding its further use.

Therefore, the use of concentrated information contained in the blockchain is a synthesis tool for the AI applicability (artificial intelligence).

At the very beginning, there was a bitcoin in the form of a manifesto—a virtual currency which suffered from thefts and was predicted a short life span. Fortunately, bitcoin marked the birth of the Altcoins that formed the FinTech sector, creating innovative solutions.

Two different sectors, traditional economics and cryptoeconomics, suddenly began to merge after more than ten years to jointly “pave” the way for new cryptoactives.

It is a cycle where something old is leaving creating space for something new. Something to contribute to the development of globalisation, transparency and clarity.

The necessity of interventions, as well as ongoing changes, is an irreversible phenomenon of the transformation process. Transformation in the future will affect, for example, the following structures:

  • The financial sector, headed by central banks, will shortly stand for the creation and legislative anchoring of national cryptominations. Central banks will use national centralised blockchain platforms with attached lower blockchain structures.
  • Government bonds, bonds, securities and other derivatives are converted into central cryptominations
  • At the user level (citizens, business entities), birth ID numbers, company identification numbers, health and social records will gradually disappear. The modifiable Smart Contracts will replace many ID numbers.
  • National AI (Artificial Intelligence) centres will be established and linked to citizens´ Smart Contracts. They will fulfil the control role of these contracts and only in the event of worsening, for example, insolvency of citizens, will they propose solutions in the form of recommendations.
  • The FinTech sector will be divided into two levels, national (state) R&D and private. The primary role of the state FinTech sector will be to support the development of centralised applications. The individual national centres will be interconnected at the international level. It will achieve more efficient communication and harmonisation of global rules. The private sector will have the opportunity to develop free applications while partially participating in the development of the state sector. In this case, it is assumed that there will be a new form of remuneration from the public sector towards the private sector, in the form of national cryptominations.
  • IT security will be centrally coordinated at each blockchain level. Only government, banking and insurance will have access to personal records (Smart Contracts).

Perhaps you perceive this article as a utopian theory, and perhaps you may be frightened when reading about what might happen. The truth is that the digitalisation we already live in is here for us, not to restrict us but to serve us. After all, we only live once.