Blockchain: The Technology of the Future
Last week, I discussed in depth the truth about blockchain and internet security in a few of my Daily Prophecies.
I even shared my views on the bitcoin prophecy.
You see, the blockchain aims to be a distributed immutable database for timestamped transactions beyond centralized control. With a mathematical hash or fingerprint of all transactions on every node in the network, it is impossible to hack without capturing more than half the nodes.
The more that is spent on internet security the less secure becomes the net.
After cracking the threshold of one billion breaches of personal data in 2018, the net is on track for three billion breaches in 2019. While internet security becomes a bonanza business, the internet becomes catastrophically less secure.
That being said, I thought today would be a good opportunity to share my interview with Peter Robinson.
During the interview I argue that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. I explain that improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place.
I point to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
You can click here to view the interview or simply click on the image below.
Editor, Gilder’s Daily Prophecy