In fact, much of the structural and institutionalized inequality in the developing world can be linked to a lack of verifiable identity. With blockchain, this no longer needs to be the case. By enabling someone to prove who they are, blockchain technology can provide the gateway to equality, and the key to unlocking economic growth and levelling up opportunity.
Effectively, a decentralized identity built on the blockchain to common and agreed standards acts like an identity passport, opening up access to a host of services never available to an individual before. Blockchain pushes power to the edges, empowering thousands and potentially millions on equal identity terms, providing access to education, work, proof of ownership credit, and much more. Blockchain connects, but also liberates. It connects people with each other, and with opportunities to grow and develop as individuals. And this technology liberates the individuals from the constraints imposed by lack of identity, opening up a range of possibilities that had hitherto remained just beyond their reach.
Blockchains are digital ledger platforms that can be shared by participants such as all players in a supply chain. Secure, private industry ledgers establish a single immutable record, or single version of the digital truth, that once entered, cannot be modified. This includes data on products, shipments, deliveries, financial closings and more. In supply chain applications it can also be used to communicate electronic data interchange (EDI) codes and more, with EDI standards from barcode standards organization GS1 now supporting block chain.
“The idea of a centralized social network is just not going to exist five or 10 years in the future. There’s a membrane or a chasm between the old world and this new crypto-native universe. And we’re the conduit helping people transcend the offline into the online.” Tyler Winkevoss tells Forbes.
They’re also helping to fund the tech to make it possible, becoming seed investors in Protocol Labs, which is focused on creating a decentralized internet that works independent of today’s centralized server structure.
Many in the crypto world will know the company from Filecoin, and later this year one of their workshops happens to be on building a decentralized social network, like Facebook.
By acquiring API integration platform company Cloud Elements this year, UiPath says it is now combining enterprise-grade user interface (UI) and API-based automation capabilities in a single platform. In real terms, this is meant to give users the flexibility to automate processes using an ‘optimal mix’ (assuming they can find the sweet spot) of UI-based and API-based automation.
“By making automation both easier and faster to deploy, the UiPath Platform has the capability of significantly improving some of the most costly and time-consuming activities of the modern enterprise,” said Daniel Dines, UiPath co-founder and CEO. “The acquisition of Cloud Elements is just one example of how we are building a flexible and scalable enterprise-ready platform that helps customers become fully automated enterprises.”
As demand for online education grew, the technological capacity to facilitate this demand had grown as well. New innovations, methods and business model are constantly being implemented in the online education segment. In particular, blockchain technology could offer several significant solutions to this segment. For example, according to a report by Forbes, having a blockchain-based system to record the accreditation, track the changes over time, and enable the instantaneous verification of credentials and degrees would help increase transparency, and trust.
Carlson-Wee: We like to be very early and long-term-oriented. Our goal is to invest in breakthrough technologies that will enable new types of human organization and behavior. It’s no accident that all the things you see in the decentralized financial ecosystem are happening on top of ethereum, from capital coordination in the form of ICOs to decentralized financial primitives, like lending and trading to stablecoins and other types of synthetic assets.
Forbes reports on ThreeFold, an ambitious new “long-term project to rewire the internet in the image of its first incarnation: decentralized, unowned, accessible, free.” “We have 18,000 CPU cores and 90 million gigabytes, which is a lot of capacity,” founder Kristof de Spiegeleer told me recently on the TechFirst podcast. “It’s probably between five and ten times more than all of the capacity of all the blockchain projects together…”
I’ve argued for a while now that we’re at or near a data tipping point beyond which lies a new world where companies analyze many fundamentally new types of data in real-time and use it to make business decisions that were previously impossible.
But after all tipping points, there are winners and losers. I believe in this case, the winners will share one really important quality: a deliberate choice in favor of leveraging open source technologies at the heart of their modern data architecture.
Swarm Economy: There is a bitcoin craze at the moment, with prices of bitcoin skyrocketing. Bitcoin is still far from ready for prime time, but as it matures, it will change society’s fundamental operations much more than the Internet did. The net, after all, only allowed people to talk and shop more efficiently. By comparison, bitcoin eradicates the government’s ability to operate.
Let’s begin by looking at what a bitcoin is. It is money. It is a new form of money that isn’t issued by a government. Governments don’t have a monopoly on coming up with things you can trade and barter with, and bitcoin is one such non-governmental barter instrument. The difference between bitcoin and all other such tokens of value that have been invented over the years is that nobody is in control of the money supply, and nobody is in control of the money flow. This means that nobody can start the printing presses to eradicate your savings, and nobody can seize or see your wealth or income. You can think of it as an open-source currency compared to proprietary, state-issued currencies.
There is no central bank. This is a revolutionary concept. People can trade cash at a distance without going through an intermediary. The first time you send the value of a cup of coffee to a friend in India on a Sunday, without any transaction fees, and they have the money instantly, without anybody but you knowing of the transaction, your jaw drops.