Topic: Data is the new oil energy source - page 3. (Read 619 times)
I agree with the main scholars that ours is the era of information. Data can mean nothing if we don't know what's it all about. Blockchain is a nice way to make a database.
That's how powerful data's are now.
Those companies aren't the first one that saw its value until today but at least they remained and believed that its going to be their petrodollar. And including with this innovation, security is going to be more expensive and needed by us.
Don't also forget about google, they save what people are searching and sell it to their advertisers.
Those companies aren't the first one that saw its value until today but at least they remained and believed that its going to be their petrodollar. And including with this innovation, security is going to be more expensive and needed by us.
Don't also forget about google, they save what people are searching and sell it to their advertisers.
More and more people are realizing how powerful data is and need to be protected. Data is the new oil, and companies like FB and amazon are the new petrodollar oil champions in the world. Fortunately, blockchain provides a reliable way to break these islands of data and create a world in which data can be liberated by sharing data while still maintaining the same ledger or its original ownership, allowing creators to be rewarded.
This makes all the sense in the world. Back in the day oil was what ran the world and the companies like standart oil was so big that government had to interrupt it and divide it into many little pieces and even today those companies when combined together worths over a trillion dollars.However, now apple is that big and amazon is a close second with samsung making headlines everyday. Facebook literally doesn't sell anything other than ads on their website and whatsapp is probably not making a single cent with instagram only few ads. These companies use your data as the income, they worth billions of dollars because you give them your data.
The fact that data and information are new wealth is certainly not new.
Let's say that perhaps information has become too much, and that true wealth is in the hands of those who can filter, manage and use it for their own purposes.
Let's say that perhaps information has become too much, and that true wealth is in the hands of those who can filter, manage and use it for their own purposes.
~snip
Blockchain is surely a nice way to make a database, but unfortunately it's mostly considered inseperable from cryptocurrencies and thus used mainly to create new kinds of money or securities, rather than store important information in a decentralized and incorruptable way
Blockchain is surely a nice way to make a database, but unfortunately it's mostly considered inseperable from cryptocurrencies and thus used mainly to create new kinds of money or securities, rather than store important information in a decentralized and incorruptable way
Indeed, the majority of people connect blockchain with crypto even if we ask, maybe they don't understand what blockchain is.
We can just use blockchain as a data store, but it's a pity that there is still human intervention in entering data so the possibility of corruption is still there.
After the data comes in, that's what is stored on the blockchain and accessed by many people, just like a search engine, but we hope the information era develops even better by using blockchain
I agree with the main scholars that ours is the era of information. But data can mean nothing if we don't know what's it all about. Moreover, there can be too much data for people to make sense of and exploring a part of it can lead to serious misconceptions! Blockchain is surely a nice way to make a database, but unfortunately it's mostly considered inseperable from cryptocurrencies and thus used mainly to create new kinds of money or securities, rather than store important information in a decentralized and incorruptable way. There is also this issue that is information is of value, it makes sense that some people have it and can share with others not for free as it's a valuable resource. At the same time, it seems unfair that some people can get benefits simply because they knew more than others could know. So, I hope that blockchain as database technology will be also an open way to share information.
Bronze was the hot commodity during the bronze age. Iron in the iron age. Steel in the steel age. Gold during the gold rush. Oil in its respective era(they don't call it "black gold" for nothing). Industrial advancements during the industrial revolution.
What is the hot commodity during an information age? Perhaps: data. Information. We see tech giants like google, facebook and twitter emerge despite not having much in terms of tangible physical assets. They thrive on their capacity to catalogue, index, search and utilize data. Concepts of "social capital" emerge which change the way we think about things.
I would be interested to know what people believe the next hot commodity will be in the era succeeding an information age. Will it be defined in terms of AI? Perhaps some other innovation or breakthrough?
What is the hot commodity during an information age? Perhaps: data. Information. We see tech giants like google, facebook and twitter emerge despite not having much in terms of tangible physical assets. They thrive on their capacity to catalogue, index, search and utilize data. Concepts of "social capital" emerge which change the way we think about things.
I would be interested to know what people believe the next hot commodity will be in the era succeeding an information age. Will it be defined in terms of AI? Perhaps some other innovation or breakthrough?
More and more people are realizing how powerful data is and need to be protected. Data is the new oil, and companies like FB and amazon are the new petrodollar oil champions in the world. Fortunately, blockchain provides a reliable way to break these islands of data and create a world in which data can be liberated by sharing data while still maintaining the same ledger or its original ownership, allowing creators to be rewarded.
Blockchain provides vast ways to deliver data and to ensure that there is no Monopoly of informations about these technology. Maybe in the furtive, blockchain would be widely used and hopefully the authority will educate people how blockchain works in the society.
More and more people are realizing how powerful data is and need to be protected. Data is the new oil, and companies like FB and amazon are the new petrodollar oil champions in the world. Fortunately, blockchain provides a reliable way to break these islands of data and create a world in which data can be liberated by sharing data while still maintaining the same ledger or its original ownership, allowing creators to be rewarded.
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