The Data Standard
In today’s episode of The Data Standard, Daren Kaplan speaks with Alison McCauley about blockchain technology. Alison is a social scientist, and she helps us understand how new technologies impact humans and vice versa.
Alison talks about the origins of blockchain, how new technologies impact our everyday life, and how important it is to understand the latest technology. She explains how blockchain technology is often confused with cryptocurrencies even by company CEOs and directors.
She says that blockchain technology is going to add value to the existing infrastructure. It will lead to an entirely new ecosystem where companies collaborate in new ways based on trust. It shows the potential to change the business ecosystem forever, even though it’s still in the early stages of development.
As the technology improves, new problems are exposed along the way, so companies and researchers have to face issues and fix them to prevent more significant issues in the future. The world is at a crossroads, and Alison talks about how blockchain technologies can be used for good and bad things, like any other available tool.
Blockchain will establish a new infrastructure where businesses rely on each other to create a better environment and share information directly without any middlemen.