Jason Hope is a big-time futurist and entrepreneur, and he’s recently been discussing how cryptocurrencies and blockchain are game-changers. As more and more businesses start waking up to the potential of digital currencies, he takes on how crypto will reshape whole industries and is turning some serious heads. The businessman predicts a future of decentralized finance, unbreakable records, and lightning-fast value exchange.

One of the biggest areas where Hope thinks crypto is going to shake things up massively is in the realm of finance and transactions. The old-school banking systems we’ve been stuck with are sluggish and ridiculously expensive to deal with. But he says blockchain technology and cryptocurrencies are about to give those institutions intense competition. For example, Jason Hope states, with crypto you’re getting lightning-fast transactions that can zip across borders and bypass all the typical middlemen and fees.

Jason also anticipates smart contracts becoming the new norm for all kinds of transactions and operations across multiple sectors. These contracts are just agreements with all the terms and rules baked directly into code running on the blockchain. No more needing to rely on a third-party to enforce and verify the deal’s legitimacy. Jason Hope adds that the contract is self-executing and secured by crypto, so there’s way less room for any shady business.

There´s more on this concern. Decentralized finance (DeFi) platforms are another sector which represents a massive power shift away from the archaic, monopolistic banking conglomerates that have had a stranglehold on finance for centuries. On DeFi platforms, it’s all peer-to-peer, worldwide access to financial instruments that were previously gatekept and restricted mainly to the wealthy, well-connected elite. Therefore for smaller businesses and entrepreneurs, Jason Hope replies, DeFi could be an absolute game-changer.
Crypto is poised to disrupt and decentralize just about every facet of commerce as we know it today, the activist investor informs. Thus, there’s bound to be growing pains and obstacles from the old guardians struggling to protect their dominance. Regardless, change never comes easy, especially when it’s trying to upend entrenched titans and century-old institutions. The innovations are already in motion, and according to Jason Hope, businesses have two choices: lead the charge or get lapped quickly by the competition.