I really believe that this is the first technology in history that not only creates a new industry, but also influences and expands existing industries. I gave the example of Neoflow, which works on the oil and gas supply chain side.
We also talked about stablecoin. Stablecorp, a company we know well, has made an initial use of it for cross-border payments, and they want to find several hundred use cases.
As an entrepreneur, I know several entrepreneurs in my area. When we do business with other companies elsewhere in the world, the issue of payments is extremely difficult. I'm thinking of electronic funds transfers, for example. You'd think it would be easy these days with the digital currency of banks, but it's still extremely complicated. Transfers take a long time and are very expensive, which slows down international business.
So it's a very simple use case, and you can find it in any industry, whether it's mining or real estate. There's always a use case for growth. By the way, I want to make it clear that blockchain technology — I'm not talking about cryptocurrency — does not cause the kind of disruption that makes anything disappear. Rather, it increases the efficiency of any industry in which it is used, whether in terms of access to information or diversification of information, for example. Not all use cases are obvious yet, but we are seeing more and more.
It's really on the cryptocurrency side that the government can play a big role in determining how blockchain technology can be used, especially for peer-to-peer lending, shared ownership, and access to the underlying technologies, such as Ethereum, Bitcoin, etc. This allows citizens to invest in the foundations of the technology, which was not possible before.
So there are two elements: first, there are the use cases to drive industry growth; second, there is access to investment in this new blockchain and cryptocurrency industry.