“Democracy of thought can produce amazing results.”

― Derren Brown

In 1906, the English city of Plymouth played host to the renowned West of England Fat Stock and Poultry Exhibition.

Part of the entertainment and intrigue available at the particular (agri)cultural event was a contest to guess the weight of an oxen open to anyone who purchased a ticket and wrote their guess on it.

Now, why on earth would an article on a blockchain-focused blog open with a tale of old-timey recreational livestock-weight conjecturing?

Because of an interesting theory known as the Wisdom of Crowds.

An English statistician attending the aforementioned event found that when he collated the results from all 787 contest entries, the average figure of all the guesses was closer to the real result than the winning individual guess—and more accurate than any estimates from the experts in attendance.

Collective brainpower can yield remarkable insights.

With this in mind, we recently polled our online community on a fun little thought experiment:

"What will blockchain look like 50 years from now?"

Needless to say, the Enjin community isn't a singular hivemind who agreed and overlapped on every question (nor would we want them to be), but some theories had more support than others, alongside some great predictions on the role blockchain will play in the future.

Let's take a look at what they had to say.

Future of Blockchain

Speaking in the broadest terms, the expectation is definitely that blockchain technology will play a significant role in all aspects of our lives a half-century from now.

No huge surprise there perhaps, although there was a vocal minority that expects blockchain to be superseded in that timeframe, likely informing or absorbed by further technological evolutions.

Future of Cryptocurrency

In terms of industries set for major disruption by blockchain, we're looking at... well, nearly all of them.

Only academia and sports were selected by less than a majority of respondents, and an overwhelming majority see entertainment (including our specialist subject, gaming!), finance, and logistics as primed for major improvements thanks to blockchain tech.

Finally, let's look at some quotes by our respondents on their personal visions for the future of blockchain:

"Blockchains are the natural place for intangible items such as money, media, ideas, rewards, some games. I expect blockchain to be the preferred way to exchange store, show ownership, edit and authenticate all intangible assets in 50 years."

“All blockchains will be interconnected and connected to the real world in such a way that the average user won't even realize they are interacting with blockchain technology. A significant part of the wealth in the world will be locked in blockchain assets.”

“The world of blockchain will be like breathing air, it will be integrated in such a way in all aspects of society that we will not even realize that it is there; but we can never live without it ... It will be indispensable for our civilization.”

Themes of increased power of blockchain applications and digital assets cropped up again and again, as well as forecasts of smooth, frictionless interaction.

The idea of blockchain being hidden in plain sight, or used without being consciously considered, is part of our ultimate vision of the future—a truly simple user experience in a world where blockchain has evolved from novelty to norm.

We've just recently celebrated blockchain technology's 11th birthday, and things are looking great so far.

Now, let's see what the next 50 years bring. Onward and upward!

Meet Your New Blockchain Wallet

The future of crypto wallets is already here, with support for next-generation ERC-1155 assets.