Ben Goertzel the founder and CEO of SingularityNET, a blockchain-based AI marketplace project, opined in his recent article in coindesk.com titled "Decentralized Tech Will Be Ready for Humanity’s Next Crisis" and looks at the effects of the current crisis. He paints a positive picture and the developments that are taking place in the decentralized tech space now in mid-pandemic.
Highlights:
The need for the decentralized blockchain tech is more acute than ever before.
Forced digitalization due to the corona pandemic is driving people to centralized big tech companies helping them to gather users' personal data using their self-serving algorithms to line their pockets.
" 61% participants of a recent survey were not comfortable with governments collecting their physiological and medical data, even in a pandemic context. But 92% would rather their medical data be stored on a blockchain, than centralized government databases.
The crypto entrepreneurs of 2016-2018 were, for the first time in human history, starting to think through the myriad details of real-world information and value processing without a small elite group of owners or controllers.
There was a sense we were soon going to see the old centralized ways of doing things fall by the wayside, in favor of new approaches with robust democratic governance, with respect for data sovereignty and true independence from big tech, with agile potential for bypassing state restrictions.
Businesses were soon to diminish their reliance on centralized databases and big tech cloud providers, and interlock their operations with global decentralized networks. Consumers were shortly going to begin making everyday online purchases using cryptocurrencies, and own, manage and monetize their own purchasing histories, tastes and experiences, medical records and so forth via secure blockchain-based information wallets.
Companies and protocols that never stopped building are laying the groundwork for a decentralization revolution."
The million-dollar question is will Hive be able to transform itself into a fully globally decentralized network in time to benefit from this revolution.
Source credit: https://www.coindesk.com/decentralized-tech-will-be-ready-for-humanitys-next-crisis
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