Blockchain technology has been around for over a decade now. While tremendous progress has been made in terms of adoption, there is still a long way to go. The average person is yet to fully grasp the idea of the blockchain, and how it can improve their lives. That’s because, this technology is often presented in a manner that only tends to appeals to techies. This approach doesn’t resonate with the average Joe who has minimal understanding of the nuts and bolts of technology.
As things stand, people would only be driven to this tech by crypto price pumps, and that’s not sustainable. People need to interact with the tech – for the tech – and prices will follow. The IOHK team understands this, hence the Symphony idea. Symphony is a brilliant idea by the IOHK team to represent blockchain technology in visuals and sounds. They then make the tech visible through Virtual Reality and Augmented Reality devices.
When people get to see and hear blockchain, it becomes easier for them to conceptualize the power of this technology. This will play a huge role in its adoption, regardless of where the prices of cryptocurrencies are at the moment. It is the same thing that NASA and other space agencies do to make Space stuff interesting. Imagine for one moment watching a space video on YouTube where Stars, Planets and other aspects of the Universe are represented in the form of raw data. It would be boring, right? Chances are not many people would care about it. However, space is fascinating and people love it. They love it because they have visual and sounds of what goes on in the Universe. That’s the goal that the IOHK wants to achieve with blockchain.
So far, the idea seems to be gaining traction quite fast. The IOHK visualization of blockchain kicked off in Bristol and there were over 100 people at the event. This goes to show that people are interested. The moment the idea goes global, interest in blockchain technology will grow as well. Of course, since this is an IOHK project, Cardano will be one of the projects that will gain adoption as people get to understand blockchain and its potential impact on society. A growing interest in this blockchain would also almost inadvently lead to an increase in the value of Cardano (ADA).
On this basis, it is safe to postulate that Cardano is one of the projects to watch this year. Not only is the project making moves that create awareness, it is also making huge moves in terms of technical development. For instance, they are now in the process of the Shelley release that will make Cardano a fully decentralized project. It’s definitely an amazing time to be invested in Cardano. This project has a real chance of closing the year above its 2017 highs. It could be quite rewarding to investors who get in now, when it is still trading at under $0.10.