Chao Cheng-Shorland is Co-Founder and CEO of ShelterZoom, an award-winning genuine real estate generation company and a leader in blockchain generation.
The blockchain has started to make its way into the public consciousness alongside bitcoin and other cryptocurrencies, but we still have a long way to go before corporations and consumers embrace the generation to its full potential. One of the barriers to widespread adoption is the Trust that the blockchain requires extensive infrastructure, in component due to all the knowledge that you want to manage, but it is the blockchain itself that can reduce the ‘clutter’ of knowledge “and thus facilitate the implementation of the generation.
The amount of knowledge we’ve produced over the short life of the Internet is staggering. Lately there are about 44 zettabytes of knowledge in the world. By 2025, experts expect the world’s population to create about 463 exabytes of knowledge each 24 Even though we produce gigabyte after gigabyte of knowledge every hour, the maximum is never used or analyzed: only 1% have been analyzed, according to a 2016 McKinsey article.
Sometimes I get in the way of “virtual pollutants. ” Every generation of giant corporations and corporations relies on great knowledge to bring out their day-to-day operations, and in an order of magnitude, these knowledge pollutants will be a burden on our virtual world faster than we realize. be paralyzed by having to modernize responses to manage overload. We want to act now to correct the root cause and, in particular, to stop the unnecessary expansion of knowledge.
Much of this mess is the result of what’s popular about how to make sure the data we get is one hundred percent accurate and reliable. In this context, I use “precise” to designate a virtual asset that is up-to-date and has not been forged: it can be anything from the effects of the missing medical checkup to a person’s verified credentials (such as a driver’s license) or even the incomplete edition of an ordinary item in which a team has collaborated.
Whenever an asset is desired, it is sent to recipients, and then the recipients download it, which creates unnecessary replication of knowledge and increases the contaminants of knowledge that we will all have to rely on in the future. Now, with blockchain technology, instead of replicating it so many times, the registry owner can point it digitally and the recipient can access the same record at any time.
Until recently, pointing to a virtual registry that is too dangerous to make it a viable option for maximum enterprises Not only virtual records risk being hacked, however, maximum software platforms have an AI that analyzes data to force their own databases, and in a in several notable cases (including the case where an email provider accessed a blogger’s email account to identify the source of a leak), non-public records were accessed through the software vendor.
Legal teams, monetary institutions, medical providers, and other high-risk sectors cannot use those platforms because of their desire to obtain the highest degrees of confidentiality, but with documents tokenized on blockchain, it is transparent whether a record has been changed and who has done so. been able to access the registry. Tokenization provides a foundation of acceptance as true that is missing in our virtual universe.
If we move to a blockchain-centric platform, many of those obstacles will disappear because each record will be immutable and have a transparent record of when it was last accessed. All parties can know when the information was last updated and has not been replaced by someone without legal access. It’s a promising style in the virtual world, and it may be what we want to curb the exponential expansion of knowledge pollution.
Taking the example of medical records, it is estimated that a cancer patient generates an average of 1 tera through knowledge treatment, is only a user and a medical condition, or if you think of all the times someone sends a copy of their photo ID. to determine your identity and multiply that number by the number of other people using the Internet, you start to see how massive the waste of knowledge we generate is.
Another example is that monetary establishments create massive amounts of knowledge and have the added burden of needing multiple degrees of protection to protect hacker transactions. We may slow down the expansion of our knowledge footprint if we have a safe and guaranteed way to purchase our information. I think blockchain is the way to do it.
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Chao Cheng-Shorland is co-founder of ShelterZoom, a provider of SaaS blockchain software products such as DocuWalk. For more information, DocuWalk. com. Read Chao Cheng-Shorland’s article.
Chao Cheng-Shorland is co-founder of ShelterZoom, a provider of SaaS blockchain software products such as DocuWalk. For more information, docuWalk. com. Read Chao Cheng-Shorland’s full control profile here.