GUAP NEWS Love On Blockchain: Is The Future Of Marriage Digital? – culturebanx AdminSeptember 17, 2024032 views By Jennifer Mathews Blockchain weddings are gaining traction, but they aren’t legally binding yet The blockchain market is projected to grow from $20.1B in 2024 to $248.9B by 2029, partly driven by new trends like digital marriages As we witness the rise of digital solutions across every industry, from finance to entertainment, it’s no surprise that even the institution of marriage is being disrupted. Blockchain weddings—a concept once seen as futuristic—are growing in popularity. Since the first blockchain wedding was recorded in 2014, couples have been exploring the idea of immortalizing their union through blockchain technology. An Indian couple brought the trend back to life in 2021 by creating an Ethereum smart contract to seal their vows. Why This Matters: The rise of blockchain weddings reflects a deeper societal shift towards decentralization. For Black people, who have historically been excluded from many financial systems, this decentralized approach to marriage could offer more autonomy and equality in partnerships. However, it’s essential to note that blockchain marriages still require couples to follow traditional legal processes to be recognized in most jurisdictions. While blockchain weddings might not yet be legally binding, they represent something far more symbolic: a disruption of traditional systems and a reimagining of what marriage could look like in a digital-first world. But the potential here is massive. The blockchain market is expected to grow significantly—from $20.1 billion in 2024 to a whopping $248.9 billion by 2029. As blockchain adoption increases, so will the opportunities to rethink how we formalize partnerships. What’s Next: As blockchain continues to disrupt various industries, it will be interesting to see whether governments worldwide will begin to recognize blockchain weddings as legally binding. While it’s a trend steeped in symbolism and forward-thinking, blockchain marriages have a long way to go before they can lawfully stand on their own. However, the upward trend suggests that more couples will gravitate toward this digital solution in the years ahead. CBX Vibes: “Computer Love” Zapp CONTRIBUTOR Source link Source Name : culturebanx >