Consider This: Trust - The Next Technology Frontier?
Can technology rebuild our trust?
My name is Cory, I am the President of Creative Return and the host of The Insider’s Guide To Finance. The following are my insights and learnings from the interviews and dealings I have with talented entrepreneurs, operators, and financiers. I hope you find them valuable in your endeavours.
We've never been at a lower point of trust than we are now. I'm not being hyperbolic.
When looking at our politics and our economies, there has been an exponential increase in misinformation and disinformation, increased motive lead censorship, overstepping of authorities, and echo chambers that provide little room for differing views.
Perhaps brought on by information overload, we, the consumers of media and simultaneously the revenue-generating product of social media companies, are inundated by headlines engineered to drive clicks first, entertain second, and far down the list, providing validated information.
As we are collectively becoming aware of the powers and dangers of all media, like we became aware of the dangers of smoking, the problem will eventually be matched by a solution. It will be a David vs. Goliath scenario, but I believe we will see free enterprise tackle this problem.
So it begs the question - how could technology play a part in the rebuilding of trust? What role would decentralization and blockchain play in this? What analog is there that could be reflected and refined in digital?
I have no conclusions (yet), but share some food for thought.
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