Amazon stunned the financial world when it announced that it had agreed to purchase Whole Foods, the high-end grocery store. On the day of the announcement, grocery stock took a dive. The convergence of technology, automation, artificial intelligence and buyer expectations is changing the global economy at a rapid pace. Elon Musk says, “If your job can be automated, it will be automated”. How long will it be before Amazon starts originating mortgages and selling homes?
I don’t consider myself an expert in blockchain technology – at least not yet. Cryptocurrencies and NFTs (non-fungible tokens) both use blockchain technology. That’s what gives them value. However, very few people can explain what blockchains are or how they work.