Technological advancement
The last decade has experienced rapid technological advancement, particularly facilitated by the development of the internet. Consequently, I have decided to consult this technological advancement for possible essay topics and have narrowed down to two: moving towards digital money or electric transportation.
These topics are of great interest to the public because they affect all of us in one way or another. For instance, the development of digital money, including online payment methods and cryptocurrencies, has provided the world with other options for paying for goods and services. Online payment methods are safer than using cash and are not exposed to the risks associated with handling cash. Moreover, the world is currently struggling with how to limit pollution due to the vast usage of fossil fuels such as oil and coal. One of the solutions that companies such as Tesla are providing is the use of electric cars that reduces the use of petroleum in the world. My interest in these two developments is in the efficiency of electric cars and security associated with digital payment methods.
The world stands to gain a lot by adopting these two technological developments. For instance, adoption of electric cars will reduce the air pollution that is caused by petroleum combustion in cars’ engines, reduce the world’s dependability on oil by providing electricity as an alternative form of energy, and reduce the noise pollution that is associated with petroleum and diesel machines. Adopting digital currency will also benefit the world in many ways, including enabling faster transfer of money, allowing people to transact from every corner of the world without having to visit banks, and providing people with a safe method of handling money, without the susceptibility of transacting in cash. However, for the world to fully adopt these options, governments must engage the carrot-stick technique to persuade their citizenry.