The year is 2035. I want to take you on some journey 16 years into the future. I do this by Googling the year 2035 and looking at recent news articles (very scientific, I know). It turns out that the year 2035 has been used as an important bench mark for an overwhelming amount of future goals and plans. Some are pleasant, most paint a bleak picture of the not so distant future. Let’s strap on our self-driving Tesla seat belts and sit back and enjoy our lab grown meat while we go on this adventure together.
First, we will look at the future Earth and climate. According to the firm Wood Mackenzie, Oil will be at its peak production in the year 2035. That means another solid 16 years of increasing global demand for dead dinosaurs. 16 more years of increasing global pollution. 16 more years of parabolic rise in earth’s temperature. Will we be on fire and the coasts be completely underwater? No. But according to numerous reports including this one by Science Daily, if governments do not act decisively by 2035 to fight climate change, humanity would likely cross a point of no return. This means our governments better get their Sh*t together and soon. There is some encouraging news and some governments are making plans to become completely carbon neutral by………you guessed it, 2035. This includes Finland and numerous other countries and cities worldwide, but we need a giant collective effort between all governments to truly accomplish the goal of slowing the rise of Earth’s climate.
Some other factors related to Earth’s climate and our growing population include the end of animal agriculture. Companies such as “impossible Foods” and “Beyond Meat” have looked at taking the world over 1 “fake” beef patty at a time. The cost of the meatless products has been rapidly declining and could be cheaper than traditional beef as soon as 2020. This will help reduce carbon emissions and provide us with alternatives to mass commercial farming. For the first time in U.S. history old people (over 65) will outnumber young people (under 18) according to the census bureau. International migration is set to overtake natural population growth by 2035, ensuring the United States becomes even more racially and ethnically diverse. Urbinization will reach 70% by 2035 in China. China is projected to have 10+ megacities (cities of greater than 10,000,000+) by this time. If you think traffic is unbearable now, wait until we have a bunch of baby boomers moving to the cities. Our crumbling infrastructure will now be clogged with over the hill whiners listening to a mummified Rush Limbaugh talking about how Hillary Clinton stole their Social Security.
Now for the fun part, the financial system of the future. The 2019 Trustees Report shows that Social Security will be insolvent by 2035. At that time, it would only cover around 77% of benefits scheduled to be paid out. With the aforementioned aging population of the U.S., this becomes one of the largest crises in American History. With the elderly not being able to afford everyday goods and housing and jobs being overtaken by AI (ohh, we will touch on that in a bit), our elderly are downright screwed. This problem doesn’t just exist in the United States, as the other current economic superpower China is feeling the same squeeze. China’s pension system is also set to dry up by 2035. This will ruin financial markets world wide and governments will be in panic mode trying to prevent the absolute destruction of world financial markets. At the same time all of this financial turmoil is happening, Artificial Intelligence is stealing our jobs at an alarming rate. AI will displace 40% of world’s workers by 2035. With no work to go around and an aging population struggling to make ends meet, how does the future financial system look in 2035? How do we combat the current system and create a financial system of the future?
Lucky for us, there is one more important milestone that is set to happen in the year 2035. The last Digibyte will be mined and the Digibyte Blockchain has positioned itself beautifully for being a prime player in the new world financial system. Digibyte has plans in place for scalability and infrastructure to act as world payment system. That system currently comes with the ability to store our assets digitally (DigiAssets) and securely login safely using encryption (Digi-ID), all while keeping our wealth in our own hands and away from governments and financial institutions. Privacy features (Dandelion) already exist to keep these transactions private. Digibyte will be handling 280,000 transactions per second (Visa currently does roughly 1,700 transactions per second) by 2035. Will Digibyte or any blockchain technology save us from all these problems that will exist in a mere 16 years? Probably not, but it has been designed by forward thinkers that have the year 2035 in mind.