How the Blockchain Will Change Social Networks

How the Blockchain Will Change Social Networks

The blockchain is the new technology that people just can’t stop seeming to talk about. It’s staged to change everything, from currency to digital property to even social media and the attention economy. Some have even taken to calling it the second significant overlay on top of the Internet, aka “the trust layer�.

William Mougayar’s The Business Blockchain: Premise, Practice, and Application of the Next Internet Technology describes it as such:

“The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression,� he writes. “Plainly, it is the second significant overlay on top of the Internet, just as the Web was that first layer back in 1990. That new layer is mostly about trust, so we could call it the trust layer.�

Mougayar’s confidence is shared by more than a couple of other enthusiasts, such as Imogen Heap and others in the music industry, certain govtech CIOs, and even insurance tech startups. The real indicator that blockchain will touch everyone’s lives, however, is that it’s predicted to change the way we interact over social media.

A Quick Rundown on Blockchain Technology

For those unfamiliar with blockchain technology, ...


Read More on Datafloq
Data, Metadata, Algorithms & Ethics

Data, Metadata, Algorithms & Ethics

The topic of ethical big data use is one that will likely continue popping up in the headlines with increasing frequency in the coming years. As the IoT, AI, and other data-driven technologies become further integrated with our social identities, the more discussion regarding its regulation we will see.

Recently, transparency advocates began pushing The Open, Public, Electronic and Necessary (or OPEN) Government Data Act, which aims to publish all non-federally restricted data in an open source format, allowing for standardized use by the government as well as the public.

“Our federal government is not just the largest organization in human history, it’s also the most complex,� said executive director of the Data Coalition, Hudson Hollister, in an article on the Federal Times. “To conduct oversight across such scale and complexity is a daunting challenge, fortunately, that is where transparency comes in. By giving Americans direct access to their government’s information, we can deputize millions of citizen inspectors general to help this committee fulfill its mission.�

This type of standardization, transparency, and ethical foresight aims to create a fair and balanced framework for the use of Big Data. Considering the pace of automation and IoT growth, these standards could begin affecting every industry ...


Read More on Datafloq
The Ethics of Big Data and the Latent Threat to Democracy

The Ethics of Big Data and the Latent Threat to Democracy

One of the most cliched, overused, yet poignant quotes comes from a dying Uncle Ben, speaking to Peter Parker on the eve of becoming Spider-Man:

“With great power comes great responsibility.�

Big Data and the IoT represent some of the most powerful technological advances that mankind has ever seen in its relatively short history. Social and cultural norms dictate that the average citizen of any developed country owns and regularly uses a smartphone, a social media profile, and a myriad of other devices that are connected to the cloud. The data these users generate is genuinely useful and can contribute to grandiose marketing efforts, widespread government initiatives, and important humanitarian efforts as well. However, there’s a more sinister side to big data and analytics usage that we can’t ignore, and that responsibility demands we confront with an ethical framework.

A New, Confused Field of Research

The problem with approaching the ethics of Big Data is that nobody can really agree yet on a framework. This is due to multiple factors, but, in her piece “Scientists Are Just As Confused About the Ethics of Big-Data Research As You,� published via Wired in mid 2016, tech author Sarah Zhang argues that “the risks—and rewards—of analyzing big, ...


Read More on Datafloq

Privacy Policy

Copyright © 2017 BBBT - All Rights Reserved
Powered by WordPress & Atahualpa
X