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The EU announced its intention to become a 'leader and innovator in blockchain development' and published a blockchain strategy. Whereas prior to the pandemic, the introduction of blockchain into government was seen as an adventure, countries now began to recognize, on a formal level, the enormous potential of technology. The evolutionary leap in technology has not been overlooked by the public sector.

Large Internet companies are taking advantage of blockchain technology to develop new distributed business models. The pioneers were Walmart, Amazon, Nestle, Infosys, Volvo, and Ford. Pilot projects on the use of blockchain technology in the real sector have paved the way for a massive introduction of supply technology and accounting chains. According to expert forecasts, if the trend continues, then by 2022 the DeFi market capitalization will reach $ 100 billion or more. In early 2021, the DeFi market grew to $ 7 billion. Trading volumes on Uniswap in 2020 exceeded Coinbase’s. Over the years, the blockchain has received a new impetus for development as a result of the emergence of ecosystems such as PolkaDot, Cardano, Cosmos Network, the introduction of smart contracts, and DeFi protocols Uniswap, AAVE, UNI, YFI, and others. Germany, the UK, Japan, France, and India can all expect a net profit of $ 50 billion. China ($ 440 billion) and the United States ($ 407 billion) stand to gain the most economic benefits from the use of blockchain. The use of blockchain to increase access to financial services and digital assets through cross-border payments is estimated at $ 433 billion.Īccording to PwC, the success of technology deployment depends on a favorable regulatory environment, a business ecosystem, and a suitable industry structure. Experts see the greatest economic potential ($ 962 billion) in monitoring goods and services and the Internet of things (IoT). The study report noted that blockchain has a wide range of applications. This analysis was presented in October 2020. In this context, consider what factors and facts are preparing the ground for the launch of the project.Īccording to a study by the international consulting company PwC (PricewaterhouseCoopers) on the impact of new technologies on the economy, the development of blockchain will lead to a $ 1.76 trillion increase in world GDP over the next decade.

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KINETIC enables users to be involved in the most up-to-date processes of a new reality: to live their lives full and cool, to keep up with the development of decentralized finance and a new economic order, Participate every day in the global challenge of reducing energy consumption and the carbon footprint. It synthesizes third-generation blockchain technology, Proof of Stake (PoS) consensus, decentralized application capabilities, and eco-staking in order to satisfy users' need for passive income in cryptocurrency in the most natural, affordable, legitimate, and secure way.Īt the same time, it is also a strong motivator of an active lifestyle, because any activity of participants of a project is rewarded. KINETIC ENERGY COIN provides a completely new, completely green way to create digital assets. The use of renewable energy sources has ceased to be a distant prospect and has entered the consciousness and daily life of people in developed countries. In addition, predictions by environmentalists of the irreversible impact of human activities on the environment have become a reality.

The development of blockchain technologies, decentralized financial systems, the growth of the cryptocurrency market, and the recognition of blockchain as a promising technology by States are largely responsible for accelerating these changes. The change affects almost every sphere of life and business, challenging the established foundations of the social contract, such as the form and substance of money. Most notable are the transformations in the economy, the structure of financial systems, Internet technologies, ecology, personal data management. The rebuilding of society is taking place in real-time, before our very eyes. Increasing social isolation, sedentary lifestyle, psychological consequences of self-isolation, the stress of socio-economic inequality encourage people to look for new tools and ways to overcome the crisis. The social consequences of the pandemic are estimated as long-term. The growth of unemployment, an increase in the share of vulnerable workers in the labor market, and a decrease in household income are recorded by data from individual scientific studies around the world. Quarantine measures have dramatically slowed economic activity and the physical mobility of millions of people. The unprecedented impact of the global pandemic (COVID-19) has been reflected in a decline in the quality of life. The world is rapidly changing during 2020−2021.

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