Crypto-Asset (Crypto Currency) role in Industry 4.0.

As we know, we entering the industry 4.0, industry 4.0 means all the movement of activity such as transaction, payment, administration and others. Are happened by online or robot reliant on machine technology. So, this condition did not need a human as an operator or the executor of the activity.

This thing or this phenomenon resulting on disruptive technology, or we categorized more specific on disruptive of economics. What I mean is on someday, crypto-asset will be as one commodity of investing replacing stock market, portfolio, and others investment things.

This one will make a new market and new trend for economic especially capital market will be disrupted and create a new world of crypto-asset (crypto-currency) as their new way of how to gain a profit beside only reliant on capital market.

In business, a disruptive innovation is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances. The term was defined and first analyzed by the American scholar Clayton M. Christensen and his collaborators beginning in 1995, and has been called the most influential business idea of the early 21st century.  (Christensen, Clayton M. 1995)

Because of the advantage of crypto-asset like they don’t need a lot of third parties like bank or etc. and the transaction is safe because all of the user of the crypto-asset by blockchain have the proved of an asset.

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash Systems.“  

His goal was to invent something; many people failed to create before digital cash.

(Carper Thomas, US-Senator)

Why I said crypto-currency have a several aspects that better than fiat-currency, the currency that we use as payment every day? Because cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure. financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

For now, in Indonesia they ban crypto-currency for some reason, but legalized the name of crypto-asset as one way of alternative investing.

So to face against this term, we as Indonesia citizen must know this concept and follow what evolution of economic trending like crypto-currency. And then we must to thinking out of the box to compete the others about knowledge about this currency, because currency is the important thing, the function as transaction payment and others. Because from this perspective, “technologies always find its way”