Blockchain technology could change how everything from shoes and rice to sheet metal and vegetables are produced and shipped. “There will be enormous changes if our workforce isn’t ready,’’ said Regina Whitley, of Greater Memphis’ IT group.
If you live off the grid, spend only paper money, tune in AM radio for entertainment and pretty much ignore the steamroller unleashed on everyday life by the Silicon Valley, none of what comes next will make sense.
But only a few years ago someone said to be in the proximity of Beijing conjoined the words block and chain into blockchain, a term for an obscure technical feat. Its purpose: provide a digital wallet for cryptocurrency.
Sure this sounds like your foggy brother-in-law describing how rain forms. Bear with me. We’re getting to the future of the American greenback, the one piece of cotton and linen you can take to the remotest stretch of desert in the farthest pocket of the poorest land on the planet and everyone there seems to know — that is a United States dollar bill. That’s real money.