Since 2019, many comments have been made about t “the death of globalization” as in relation to the Covid-19 pandemic and Russia's invasion of Ukraine. However, despite such communication, there is no strong evidence or support that our world is becoming more or less globalized. Instead, there are even signs that our world is even more globalized. This is partly the case because of technological changes, one of the main current trends in the development of decentralized technology is in the cases of blockchain, self-sovereign identity, and cryptocurrencies.  

Decentralized technology is global because the interactions between humans, and private and public institutions are done worldwide and without "middlemen". Cryptocurrencies such as Bitcoin and Ethereum are already used for buying goods and services worldwide, especially in larger cities such as Miami, Tokyo and Barcelona. Thereby,  cryptocurrencies can be described as a new form of global development where individuals and communities are more dominating and presented than the case was during the 1990s and 2000s when globalization was often seen as mainly beneficial for large multinational and global companies. With crypto, people are creating their internal democratic governance, markets, products, work, and businesses as in the cases of Seeds, Tezos and Algorand. 

Currently, the total global trade and value of cryptocurrencies is estimated to be more than 1 trillion American dollars. At the same time, many new communities, companies, and cooperatives that are using crypto are created. Such businesses and initiatives are also specialized by focusing on different topics such as for example banking, climate transformation and food production. On an individual and practical level, being a member of a  cryptocurrency community, one directly participates in global development through decentralized cooperation through ideas and systems that can contribute to connecting more people and solving problems as world citizens. 

Thanks for reading. You can support and rewarded my writing via: 

Pay Pal – [email protected]

Seeds – vladlausevic

Skycoin – ZxjhWMJRbTNCRQzy5MekZzH4fhdWFCqBP8

Bitcoin 3HbxyDXE9MhNQ8RqsirqgYvFupQzh5Xby2

Swish – 0762345677

Tezos — tz1QrRzkTAKuPKF8dmGW6c1ScEHBUGvoiJBM

Cardano – addr1q9vfs6nqz4xmtnpljwhv4tukyskd2g7enxd87rpugkwwvfun5pnla5d5tes2mvurrc77e7837yd0scrfk063qlha8wgs8d4ynz