Blockchain is erupting out as the technology of the future. Some enthusiasts of this technology even say that it is the new internet. The decentralized and transparent nature of this tech is being hailed as game-changing by its proponents as the elimination of the third-parties from various frameworks will surely change the way how things operate. The advocates of blockchain claim that it is the solution of most of the problems that exist in the internet framework of today. But if it is the new internet, there are certain things that its proponents are overlooking. It is not a “cure-all” as they claim it to be.
Back in the day, when the internet was in its early stages, it was being claimed that it will revolutionize the way how communication takes place in the world. It surely did, but think of where we are today. Social media is taking up most of our time. Platforms like Facebook are taking our personal data and keeping it in their data centres, which often get hacked resulting in the leakage of sensitive information. Ads are being pushed in our faces as we have our eyes glued to our devices. Online scams are unknown to none. Negative factors have sneaked in a framework which was supposed to revolutionize the way who we communicate. So what’s the take?
Blockchain surely is a revolutionary technology and the prospects offered by it are great, but don’t think it will fix every problem that we face today in the digital world.
Bitcoin is one of the use-cases of the blockchain tech and we are already witnessing a lot of issues associated with it. Problems like manipulation and illegal usage have plagued this asset. Is it the perfect and decentralized global digital currency people claim it to be? No. It has its issues.
Negativities always find a way to seep into. Instead of forming a separate cliche of the blockchain enthusiasts who believe every answer lies in this tech, we need to take a neutral ground and see what possibilities does this technology offer and how they can be used for good.
Evil did not lie in the first “Hello World” that was printed. Evil did not lie in the first message sent through the internet. Evil is not in any machine code. It is the humans that make machines do evil things. Evil lies in us.
So apparently if blockchain is the answer to everything, what’s next? We all transfer our thoughts on blockchain so everyone could see what everyone else is thinking and figure out who is evil? It is time to wake up.