read The Truth Machine kindle ´ Hardcover ó moneyexpresscard

kindle The Truth Machine

read The Truth Machine kindle ´ Hardcover ó moneyexpresscard ´ Views differ on bitcoin but few doubt the transformative potential of Blockchain technology The Truth Machine is the best book so far on what has happened and what may come along It demands the attention of anyone concerned with our economic futurViews differ on bitcoin but few doubt the transformative potential of Blockchain technology The Truth Machine is the best book so far on what has happened and what may come along It demands the attention of anyone concerned with our economic future Lawrence H Summers Charles W Eliot University Professor and President Emeritus at Harvard Former Treasury Secretary From Michael J Casey and Paul Vigna the authors of The Age of Cryptocurrency comes the definitive work on the Internet's Next Big Thing The BlockchainBig banks have grown bigger and entrenched Privacy exists only until the next hack Credit card fraud is a fact of life Ma 50% speculation and fluff; 20% talking their book I feel dumber for having read it

Michael J. Casey ´ The Truth Machine epub

Ny of the legacy systems once designed to make our lives easier and our economy efficient are no longer up to the task Yet there is a way past all this a new kind of operating system with the potential to revolutionize vast swaths of our economy the blockchainIn The Truth Machine Michael J Casey and Paul Vigna demystify the blockchain and explain why it can restore personal control over our data assets and identities; grant billions of excluded people access to the global economy; and shift the balance of power to revive society's faith in itself They reveal the disruption it promises for industries including finance tech legal Wow why aren’t we seeing this in the news Decentralized blockchain technology is changing the world as we know it As stated in this book “If the future foreseen by this book comes to pass we’ll witness the biggest employment shakeup the world has ever seen And this time the most vulnerable jobs are not the usual suspects the factory workers the low level clerks or the retail store assistants “Now it’s the accountants the bankers the portfolio managers the insurers the title officers the escrow agents and the trustees—and yes even the lawyers To be sure the common refrain that lawyers will be replaced by “smart contracts” is somewhat inaccurate since the terms of agreements the actual contracts themselves will still need to be negotiated by human beings Nonetheless the legal industry is also in for a huge shakeup Lawyers who don’t understand code are likely going to be valued far less than those who do One of the most employable joint degrees to have will be a law plus–computer science degree In any case you get the idea the middle class is facing a tidal wave”Decentralized blockchain technology is a record keeping ledger that is transparent immutable and uses algorithms to used smart contracts and this will drastically cut costs and speed up processes that use to take days All of this is being done automatically through little human oversight Let me give you a few examples In banking the processed syndicated loans which now takes weeks will be processed in minutes Best of all these transactions become programmable and able to communicate information and instructions as wellRemember when Chipotle’s customers got sick from contaminated foods? Decentralized supply chains would almost eliminate the spread of food contamination because each step within the process would be noted within the blockchain ledger and would be traceable and this would naturally enhance trust in the data The book also stated “The World Food Program WFP a UN agency that feeds 80 million people worldwide is putting 10000 Azra refugees through a pilot that uses a blockchain system to better coordinate food distribution In doing so the WFP is tackling a giant administrative challenge how to ensure in an environment where theft is rampant and few people carry personal identifying documents that everyone gets their fair share of food“This Azra blockchain pilot ensures that people aren’t double spending their food entitlements That’s a pretty important reuirement in refugee camps where supplies are limited and where organized crime outfits have been known to steal and hoard food for profit”Ride sharing services like Uber will also be replaced by services like Tel Aviv based blockchain powered ride sharing application that have no middlemen or controlling authority Medical record keeping will advance and allow us to centralize and organize all our records in a secured platform that we control Anything can be digitized—a title contracts copyrights personal IDs solar grids commodity exchanges investment funds blockchain certified marriage certificates online voting systems and supply chain platforms Blockchain even has the likelihood of helping us reduce our carbon missions output which will help with climate change Our ability to do background checks will be dramatic For example we will know if an individual hangs out with high school dropouts or people with graduate degrees It will show our payment history sleep patterns travel history and of course our online surfing If social media companies agree to share our data a whole new identity could be formed that would be much informative than anything produced by say credit score keepers such as Euifax The book states “This is precisely what a new breed of algorithmic credit scoring companies and other such big data–driven startups are doing Putting all of that into a blockchain proven system could be a powerful way to get people to trust each other and expand their social and economic exchanges”Decentralized blockchains are just the beginning Our world is changing faster than we realize through artificial intelligence biotechnologies uantum computing and advanced materials and these discoveries are creating a radical shift in the way we live

doc á The Truth Machine ´ Michael J. Casey

The Truth MachineAnd shippingCasey and Vigna expose the challenge of replacing trusted and not so trusted institutions on which we've relied for centuries with a radical model that bypasses them The Truth Machine reveals the empowerment possible when self interested middlemen give way to the transparency of the blockchain while highlighting the job losses assertion of special interests and threat to social cohesion that will accompany this shift With the same balanced perspective they brought to The Age of Cryptocurrency Casey and Vigna show why we all must care about the path that blockchain technology takes moving humanity forward not backward Brilliant absolutely brilliant no nonsense factual information about the potential of blockchain It's restored my faith in the technology having been disillusioned with it after actually experimenting with Ethereum and attending uite a few blockchain meetupsIt's not technology heavy and covers wide range of potential applications