The Future of Blockchain and Humanity

“Machine intelligence is the last invention that humanity will ever need to make.” Nick Bostrom

“You awake one morning to find your brain has another lobe functioning. Invisible, this auxiliary lobe answers your questions with information beyond the realm of your own memory, suggests plausible courses of action, and asks questions that help bring out relevant facts. You quickly come to rely on the new lobe so much that you stop wondering how it works. You just use it. This is the dream of artificial intelligence.” Phil Lemon, Byte, April 1985

“The original intent of bitcoin (which started this revolution) was to use the blockchain to validate the finality of transactions without counterparty involvement or intermediaries that relay (and delay) transactions. That is the essence of the trust network. You must ask how the blockchain is being used to fulfill this function, in lieu of synchronizing databases via intermediary players.” William Mougwayer

What’s happening today with blockchain, AI and cryptocurrency is a paradigm shift of radical transformation. Although history had many powerful moments of (re)evolution and our own human organic evolution never stopped in the last millions of years of evolution we have now something much more disruptive. We have now systems of systems communicating with each other while we digitise the entire world, our DNA and ecosystems.

Most of what we have now with the emergence of blockchain holistic decentralised technologies associated with artificial intelligence and new decentralised crypto economic models is much more powerful. This new series of waves questions and touches the whole concept of what is to be human. Radical transformation brought by blockchain, AI and cryptocurrency is now rewriting the way we manage and perceive health, wellness, ID, society and all forms of organisation: systems of interactive data, financial and payment models, and government and corporate systems.

Edward Fredkin states that “artificial intelligence is the next stage in evolution”, an idea first proposed by Samuel Butler’s “Darwin among the Machines” (1863), and expanded upon by George Dyson in his book of the same name in 1998. This will become effective and aligned with data connected systems in the next decades. Blockchain will decentralise this but who programmes the code of smart contracts will build the code of humanity and society and crypto economic systems will create a new antifragile new direction and potential a series of waves and maybe a powerful black swan.

Blockchain, AI and crypto economics are without any doubt the most radical transformation ever experiences by humanity. Its power is so disruptive that can modify our own human nature as deep learning and Neuro-linguistic programming systems if integrated with data system connected all over the world will modify and revolutionise the approach to communication, personal development, psychotherapy, our own brian and the entire platforms and organisation of our societies.

Most of the blockchain, AI and crypto revolution is reminiscent somehow of the dot-com boom in the 90s. Like than people investing in tech companies and wildly ambitious ideas of a more connected future made millions of dollars. Internet stocks climbed crazy. Much of the technology hadn’t yet been adopted at scale, but everyone was betting big that one day it would be. Some of those companies and organisations are still around today. Many, many are not. Also the internet miracle that started with academic excellence intentions gave birth to a monopoly web of powerful corporations with more power, financial and data (the gold of the XXI century) resources than countries and entire continents.

But if we pull back to an even broader perspective, and what’s happening with blockchain decentralised technology, you could say, is much more ambitious as it touches money and other areas similar to Electricity and the great American gold rush that happened in the mid 1800s. In fact around 1848, when the word first released out that gold had been discovered in California, entire industries began to boom in the hopes of capitalizing on the opportunity. The entrepreneurs of that era started stores that sold pans, picks, and shovels required to dig for gold. Larger companies invested heavily in railroads and transportation. And all of this was done prior to mass amounts of gold actually being found—it was all on speculation.

In a sense, that’s exactly what’s happening in the blockchain, AI and crypto related industries space today. All is now starting to touch these transformational technologies.

Innovators, investors, technologists, curious—all wondering what those same “pans, picks, and shovels” are going to be in the blockchain space. What new innovative breakthroughs will emerge touching industries, startups and financial players will emerge as a result of the rush toward early adoption? And on radical ways what kind of flip-side, what is going to need to be both created and discovered in order for blockchain and crypto to mature and succeed—and special making sure that all this upfront investment to pay off in the end?

At the moment, as the industry grows and emerges there are illimited number of possibilities, it looks, in which peers, organisations, governments, entire industries can use and interact with the foundational blockchain. But the devil is on details and a lot of breakthrough is necessary on machine learning and the evolution of decentralised and centralised models and special how society can adapt fast enough to deal with all these shift and accelerated development.

The future of blockchain will be radical and will bring substantial transformations for all areas of society with decentralised new tokenomics models and encrypted smart contract driven data. Over the past 3 to 4 years blockchain emerged against all odds to take the central place in the technology world and with AI and crypto economics is taking the world. Many people and companies are and have been developing their own interfaces and smart contracts but we are still in DLT (distributed ledger technology) inception. But in order for these efforts to materialise and really scale, there needs to be much more work, on various levels and many global standards, protocols that underpin the Internet, regulation and agreements have to be made.

The Internet didn’t “take off” until the various technologists made possible solutions with universal software and platform language of sorts. That achievement made the internet the most radical success in history of humanity. What we are observing with Blockchain is much more disruptive and it has the power of a tsunami if not well managed of if blockchain is taken in the wrong i.e in a centralised take over by some kind of unethical corporation or government and with AI manipulation.

In order for everyday users build on top of Blockchain and its inception of crypto lots needs to be done. The internet only powers now around 10% of the world economy, special the top 20 OCDE countries, in most cases of the world economy and society it is much less. Society is still mostly not digital.

The future of blockchain and Humanity will be about evolutionary organic and artificial intelligence machine learning data related systems. In order to make it work the world society and technologists will need to create solid systems of peer-to-peer infrastructure underlying operations based in strong governance and ethics.

The future implies a global interconnected decentralised or distributed effective and utilitarian position of standards written for global protocols, for so much areas that touch all supreme areas of society. This includes to organise so many areas such as the ones specific used in case of registering all human identity(ies) in distributed ledgers powered by smart contracts and the holistic machine learning enabled IoT devices, sensors to blockchain(s). This and many other challenges that goes from any kind of digitalisation of identity to trust and having a solid system of standards, or a common agreement language, for everyone to use when building on top of the blockchain, AI and crypto new emerging models. Otherwise we will have a science fiction difficult to predict series of black swan innuendo waves and a potential next tsunami.

I will be talking on this topics and other in the event:
The Future of Blockchain is an event powered by Glance technologies in Vancouver on the 8th of September website of the event program on https://glance.tech/blockchain/

The event comprends the following list of speakers:
Alexandra Aranda
James Black
Derin Cag
Tim campbell
Lisa Cheng
Jonny Fry
Angela Griffin
Desmond Griffin
Renee Grondin
Kathleen Killin
Danny Matthews
Anish Mohammed
Alexander Perkins
Anca Petre
Claiborne W. Porter
Thomas Power
Matthew Unger
Nia Yates

About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to shop, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards and interact with merchants. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in iOS (Apple) and Android formats, merchant manager apps, a large-scale technology hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing.  Glance has also recently purchased a blockchain solution and is working on a rewards-based cryptocurrency intended to be integrated into the Glance Pay app.

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