Just as the Industrial Revolution of the 18th century transformed society by introducing the steam engine and factories, the cryptocurrency revolution is doing the same with the financial system. Back then, craftsmanship and manual production, which were the foundation of the economy, gave way to a new model of mass production. The economy transformed completely, generating new professions, industries, and the way people lived and worked. Today, the crypto-economy acts as a kind of "digital steam engine." Blockchain technology and cryptocurrencies are replacing the "financial craftsmanship," which is the traditional banking system with its intermediaries, bureaucracy, and slowness. The ease and democratization of access to digital assets through applications create a new "factory" of opportunities, where anyone with a smartphone can become an investor or participate in financial transactions globally and directly.
The analogy extends even further:
The Power of Steam vs. The Power of Code: The steam engine was the driving force of the Industrial Revolution. Today, code and blockchain technology are the driving forces that decentralize financial power and enable secure transactions without the need for an intermediary, such as a bank.
New Industries vs. DeFi and Tokens: The Industrial Revolution generated entire industries, such as textiles and steel. The cryptocurrency revolution is creating a new financial ecosystem called DeFi (Decentralized Finance), with its own "products" and "services," such as loans, insurance, and trading of digital assets, all based on technology.
We are in the midst of a crucial moment of transformation. If the Industrial Revolution was about the automation of physical production, the cryptocurrency revolution is about the automation of money and trust. Brazil, with the rapid adoption through accessible applications, is at the forefront of this new era.
