The Programmable Economy, The Internet of Things, and Bitcoin Are Transforming the Future
Many indicators are revealing that our civilization stands at the threshold of a new, all-encompassing technological revolution. One of them is the advent of the “Programmable Economy.” This is the term Gartner Inc. has created to warn policy makers and business leaders of the upcoming, far-reaching transformation of the global economy. In this context,....
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U.S. presidential candidates Hillary Clinton and Donald Trump remain clueless about the latest technological innovations, such as: artificial intelligence, the Internet of Things, and one of the biggest inventions ever, Bitcoin. These innovations are the very technologies currently transforming human civilization. However, alarmingly, the two major....
News about breakthroughs on quantum mechanics is streaming into the media at an increasingly rapid rate. Recent research indicates that we could harness, in the not too distant future, the power of quantum mechanics to achieve instantaneous computing. Already, devices can store and manipulate quantum bits of information and emit quantum signals. The....
Precisely what the so-called "Internet of Things" will look like five or ten years from now is difficult to say, but it's not out of the question that a block chain may be behind some of the next-generation technologies that companies like IBM are developing in order to build what may also be called the connected economy. Regardless of the phrase or buzzword, the concept envisions a world in which all devices, places and people are interconnected networks, sharing data and information at lightning speeds among one another. Mobile devices, smart appliances, vehicles, even homes - the....
Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.
Money has shaped our modern economy. We have gone from using grain and cattle and even salt as currency to using metal tokens (coins) and paper. However, paper has the habit of sticking and it has been around ever since the Chinese introduced it during the Tang dynasty. We have grown comfortable using paper currency and no one can deny that it has had its usefulness. Now we are approaching another era in which bits are playing the same role that paper did. Digital currencies are no longer something that will happen way into the future, they are here. How will the advent of digital....