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Published -
- August 4, 2019
- 1:02 am
Is blockchain the technology of the future? George Gilder, author of Life After Google, argues that bitcoin and blockchain technology is revolutionizing the Internet.
He sits down with Peter Robinson to discuss technology, cloud computing, big data, and the growing role of blockchain in innovating new technologies.
Gilder argues that cloud computing, while it was the hot new technology ten years ago, has reached its limits as the physical limitations of big data storage centers maxes out. Improvements in parsing big data are incremental at this point, and it’s time for the next big technology to take its place. Gilder points to blockchain as the technology of the future, with its ability to prevent corruption and manipulation of transaction data and the infinite uses it could have in third world countries.
Gilder also discusses the history of technology, artificial intelligence, and the revolutionary bitcoin. He argues that artificial intelligence can never replace human intelligence and creativity and that in principle, it is impossible for machines to take over.
What advantages does blockchain technology offer compared to traditional systems?
George Gilder: Forget Cloud Computing, Blockchain is the Future
The world of technology is constantly evolving, and every few years, there is a new buzzword that grabs people’s attention. For a while, it was cloud computing, but according to tech evangelist George Gilder, blockchain is the future.
Gilder is a renowned author, journalist, and technology guru. He is famous for his work in the field of technology, and his book “Microcosm: The Quantum Revolution in Economics and Technology” is considered to be a classic. In his recent article in Forbes, Gilder argues that blockchain is the future and not cloud computing.
Cloud computing has been the buzzword of the last decade. It is the practice of using a network of remote servers hosted on the internet to store, manage, and process data. Companies like Amazon, Microsoft, and Google dominate the cloud computing market. However, Gilder believes that cloud computing is reaching the end of its revolutionary lifespan.
According to Gilder, the problem with cloud computing is that it centralizes data in a few big players’ hands. This concentration of power is dangerous and not sustainable in the long run. Furthermore, cloud computing’s cost and complexity are also becoming an issue. Gilder points out that cloud computing is becoming more expensive for companies to run as they store more and more data in the cloud.
In contrast, Gilder praises blockchain technology’s decentralized nature, which offers a solution to cloud computing’s problems. Blockchain technology allows for secure, transparent, tamper-proof, and decentralized data storage and processing. Blockchain uses a decentralized network of computers to maintain and verify a shared digital ledger.
One of the significant advantages of using blockchain technology is that it eliminates intermediaries and reduces costs. In traditional systems, intermediaries like banks, lawyers, and agents charge a fee to execute transactions. Blockchain technology replaces intermediaries with smart contracts, which are self-executing programs written on the blockchain. Smart contracts can automate complex processes, saving time and reducing costs.
Gilder believes that blockchain technology is the future of the internet. Blockchain’s decentralized nature makes it safe, secure, and transparent. It offers great potential for various industries, including finance, supply chain, healthcare, and more.
In conclusion, George Gilder’s argument that the future of technology lies in blockchain technology is compelling. Blockchain’s decentralized nature, security, and cost savings offer a solution to the problems of cloud computing. Blockchain technology has the power to revolutionize various industries and change the way we conduct business in the future. As with any new technology, blockchain has its challenges, but it has shown tremendous potential, and we should pay attention to its advancement.
