At ZebPay, we often speak about our mission to bring crypto assets to every Indian. We like to dream big, but behind this optimism is a solid awareness of just what we have ahead of us. Different people have different ideas of what it’ll take for blockchain to go mainstream.
Cointegraph Magazine informally surveyed industry thought leaders to complete this sentence, “We will know blockchain has gone mainstream when _______”
Usually, 50 million users is pegged as the magic number for declaring that a technology has found mainstream acceptance. It took the telephone 50 years to reach that number, and the Internet only 7. But with the blockchain, numbers alone aren’t enough to make predictions.
The most telling factor for blockchain adoption could very well be its invisibility. According to Campbell R. Harvey, professor of international business at Duke University, “Blockchain will be mainstream when people don’t even know they are using the technology.”
Kevin Werbach, professor of legal studies and business ethics at the University of Pennsylvania’s Wharton School, said, “We will know blockchain has gone mainstream when articles about blockchain-based systems no longer feel the need to highlight the use of distributed ledger technology. No one finds it interesting or surprising today that an application stores data in the cloud, for example.”
What do you think it will take for mass adoption of blockchain technology and cryptocurrency in India? Tell us on Twitter!