Blockchain
New Normal and Block Chain’s Role with MQL(MiraQle)Token
Blockchain’s three roles for the “New Normal.”
“The post-COVID-19 era will bring forward a new normal — one that will accelerate digital transformation in many areas.”
Liu Zhenmin, UN Under-Secretary-General and Head of UN DESA
The New Normal which means a new standard or standard as the time changes is a fundamental phenomenon of low growth through the economic crisis in 2008 and the protracted economic slump. The most distinctive of the various New Normal is that the digital world is the standard.
As the era of the Fourth Industrial Revolution approaches, there are two worlds in the world we live in. One is the real world where we live on our feet and the other is the digital world based on IT technology. In the past, the digital world was a means to support and assist the real world. However, as times change, the digital world leads to works of the real world and it also makes impossible things possible in the digital world. The competition in the digital world has become more important now in this age as it connects to corporations or individuals in the real world.
Covid-19 quickly changed into the digital world. The feature of New Normal is ‘the normal of Non-face-to-face.’ after Covid-19. Many services with Covid-19, such as working from home, non-face-to-face financial services, and non-face-to-face health care have been changed after various issues.¹
Now, It is a world where non-face-to-face becomes a New Normal. In the digital world, we are face-to-face lives, such as meetings, banking, medical treatment, and counseling. Blockchain’s role is critical in the era of New Normal, a digital face-to-face service. ²
First of all, there is a identity authentication based on a blockchain. Identity authentication on digital is crucial. The distributed identity verification (DID) method based on Blockchain can identify the other person and proceed with the service.
DID is a method to store your information in Blockchain and simplify customer convenience, procedures, and reduce costs to prove people’s identity without a mediator.
Secondly, the hash value of the underlying data after a video consultation or contract will store in the Blockchain. It can prevent denial of the consultation content and the deal and solve the problem of forgery.
Lastly, Blockchain guarantees the provider’s sovereignty about data from a variety of digital face to face deals or services. For example, in the past, when consumers received financial services, the consumer data was owned by the financial company that used them to create another service. However, if consumers use Blockchain, they can create a new data market by returning ownership to consumers.
The change from face to face currency to digital currency is expected to proceed very fast in the New Normal era. MQL (MiraQle) Token’s importance, which presents a techtainment platform model and a revolution in the entertainment industry, stands out to the consumers. How about preparing for the future with MQL (MiraQle) Token for the New Normal era?
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[1] The new normal is digital, https://www.un.org/en/desa/new-normal-digital
[2] The new normal, https://www.ifs.or.kr/bbs/board.php?bo_table=News&wr_id=3222
