Quote from: Wexnident on October 06, 2019, 01:34:14 AM

Quote from: Cryptocnnon485 on October 05, 2019, 09:59:19 PM

Everyone knows that the 4th industrial revolution has to be data-driven and the biggest tech companies are racing to position them selfs for more data-oriented businesses, but given the fact that data storage is the biggest issue for them, blockchain can find itself very useful in this situation. One of the biggest things to watch out for in the coming years would be companies that align them selfs with the crypto community or are developing a blockchain of their own. For example, Samsung is one of the biggest phone producers in the world, more and more people are using phones as they go compared to a pc. Imagine implementing a hardware wallet to make your own blockchain network. Making it more secure and positioning your self storing or controlling all of the input data from a phone.
This could be a new internet, without the problem of building huge servers to store the data for business applications. It could be stored on your phone on your hardware wallet nice and safe! Link to a Samsungs new hardware wallet for crypto (https://www.coindesk.com/samsung-at-last-adds-bitcoin-functionality-to-its-blockchain-phones)
Vice President of Samsung Electronics, Joowan Kim, who is also in charge of major mobile service strategy and business development just announced a partnership with a blockchain company called Lympo which has been building a data platform based on health trackers and fitness activity (https://www.youtube.com/watch?v=AenafGYSrho&t=) (have your English subtitles on). The most important aspect of it is that using Lympo you can choose if you what to store your data safely or you can monetize it. I think the future will be based on voluntary data exposure, imagine if all of the phones on the market are stealing your data and selling them to the biggest bidder (kinda like now) and you can choose to keep it safe or monetising it for your self, getting rewards from it. The choice is clear! It looks like Samsung is looking in too that direction partnering up with blockchain data platform companies like Lympo and building a new internet based on safeguarding your data on a hardware wallet, most important giving you the choice of selling your own data, making you own it. In that case, making Samsung one of the biggest sellers of data. Keep in mind all of the biggest companies like Google and Facebook, makes the most money from ads and the only way they can sell most of them is using the data provided by their users. If you control the data the advertisers are forced to work with you. What do you think, is Samsung is really planning to do this? Is project like Lympo are setup for tremendous growth? (Not shilling but what your honest opinion) Have you seen any company taking steps to insure to be on top of the 4th industrial revolution? Please share more information on the future tech and how blockchain-based solutions may play a part in it. Thanks in advance! Cheesy

Blockchain in itself has a huge part to play in the 4th industrial revolution. With its decentralized transactions, banks would go down and be replaced with it. Plus, with the recent news of how development of quantum computers is progressing, you can guess already how blockchain coupled with quantum computers would dominate the 4th industrial revolution. There's also the probable release of SWIFT with how Japan pushes for international network for cryptocurrency payments. That also shows how blockchain is already a large part of the upcoming revolution

Blockchain would help the financial system in industrial revolution but banks would not let cryptocurrency take over them and so the government. Decentralized system is scary where the core of the society is speculation and theory. Blockchain should be adopted in a well manner, where there will be halfway for purpose and efficiency rather than just speed of transactions. Japan are trying to provide an international network for cryptocurrency like SWIFT that is used by banks to avoid frauds but Japan stated that it is still unclear how the network would work and so proposing and testing are still on process. Blockchain will level up the ongoing revolution as it is applicable on various fields not only in terms of financial and security.