At TEDxTampabay, a researcher, writer and strategist, Dr. David Z. Morris, explores how Bitcoin and related technologies will change everything. He thinks that we live in a time of emergence. Many people working together through space and time are united by communication technology. As what the sociologist Lewis Mumford called the mega machines network of people joined by roads, by words and by laws, to pursue a collective dream.
The Future of Blockchain
Blockchain is one of the most exciting emerging technologies that essentially offers a decentralized ledger for all transactions across a network. It is tamper-proof and virtually instantaneous. The Bitcoin blockchain, for instance, has the potential to disrupt a wide variety of business processes – a new level of efficiency that is going to have a collective project that are simultaneously grander and subtle.
Using these technologies that are implemented in economic systems, a decentralized, open, transparent and economically empowered society can be created. It can help donations flow freely to disaster zones, and prevent currency manipulation by corrupt government.
This is a new digital medium where anyone can access anything of value that is stored and managed securely and privately.The end users, the ones who hold accounts on this ledger, will use private keys to access their entries and therefore can send money anywhere in the world.
Because of the financial flexibility of the cryptocurrency market, as well as its ability to give artificial intelligence and create autonomous corporations, a new business logic is formed. And this, Morris, believes, can transform everything – from the economic, social, to political aspects the world has ever known.