Does blockchain/crypto and the whole Bitcoin scene have anything to offer seniors? Seniorsweb thinks there are many ways in which seniors can benefit from this new technological advance. The thing about seniors is everyone is heading there – if they are lucky that is, and so many people in undeveloped countries as well as the G7 countries are very tech savvy nowadays with seniors using the internet as much or more than any other group.
The real world use cases of blockchain and crypto are just starting with seemingly new approaches to old challenges being discovered on a daily basis. So many bright minds are excited to be able to create new applications freely since a lot of the new technology is available to anyone, anywhere with a computer. Almost daily a deluge of new mobile apps hits the market, everything from temperature gauges to the ability to make your own movie on a smartphone. It truly is a world wide revolution and many benefits are being enjoyed by a large percentage of earth’s population.
There is no reason why the global seniors market won’t benefit as much an anyone else, with the IoT (Internet of Things) linking millions and millions of devices to the internet. Everything from smart fridges to garage doors and devices to report if a loved on has had a fall are already developed or are under development.
Other uses of blockchain technology could include aids for older people with memory issues from which a large portion of the population is suffering. Technology may assist in remembering music playlists, chores, exercises, and other vital services such as name recall or even facial recognition devices. We are very excited to see how many imaginations developers have with which to design products to make the golden years even more golden.
According to a fairly recent Coincentral.com article:
It may be hard to conceive of retired folks in a nursing home debating whether to HODL or cash-in while playing dominoes. But, according to a report by WorldPay, the baby boomer generation is reshaping the global online payments industry. They’re buying more stuff online, and a cryptocurrency for retirees could be the next logical step.
Vendors often overlook this demographic, desperate to win over millennials. Yet these “silver surfers” have better health than generations before them–and substantial spending power. In fact, global online spending by consumers aged over-60 is expected to reach $15 trillion by 2020 (twice as much as 2010).”
Stay tuned for more tech reports on seniors and blockchain!