10/12/2020 - Technology Havens & Extended Reality Insights
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I continue to make formatting changes in an ongoing effort to find ways to provide value through this newsletter. As a result of these ongoing tweaks - I am adding a "Why you should care?" section to each article and link I share. My hope is that by adding this section, I can make the purpose of the content more concrete.
As always - I am open to your suggestions on how I can make it a more meaningful read for you.
Is Distributed Tech Important in a World With More Nationalism? - The digital economy was fundamentally influenced by the Bretton Woods Agreement after WWII. This agreement led to the adoption of the US dollar as a global reserve currency and created global institutions to support stable trade.
Around 80 years have passed since then and in that time the world experienced globalization and the creation of a globally integrated internet. But over the past decade, there has been a steady return to nationalism and a breakdown of global interoperability.
Increased nationalism harms global trade and the interconnected nature of the digital economy. Nationalism is like friction on global trade, slowing it down and creating inefficiencies.
Despite this trend, globalists can find a haven through distributed technologies like blockchain, to bypass protectionist policies and continue to conduct global commerce.
Why you should care? In the near future, you're likely to use technology like blockchain to own and manage digital assets outside the reach of nationalist governments.
Extended Reality is the Frontier of the Digital Future -
Breaking down Extended Reality and what AR, MR, and VR mean to the digital future.
Extended reality encompasses the group of technologies that superimpose digital information onto the physical world in order to alter our perceptions. It changes how we perceive our physical reality.
How we work, interact, and play with one another is going to fundamentally change because of extended reality. With XR, we can be physically local while at the same time digitally global.
Why you should care? In a world at the mercy of a pandemic and increasing amounts of remote interaction, extended reality technologies will become common in our lives.
A Roundup From Around the Web
Self-Sovereign Identity Explained - Personal identity information has become extremely valuable to freemium business models and advertisers. While these business models have come with many upsides to society, they frequently have significant hidden costs to individuals that share their personal data.
Self-Sovereign Identity is the concept of having ownership over your digital identity and personal data.
With an SSI model, the internet will take on a decentralized and cryptographically secure structure. Individuals will be able to take possession of their personal data and personally sell it to third parties only when desired.
"In theory, if we own our data and we have the ability to selectively (in certain contexts, and under our control) allow services and partners access to our data, then both the quantity and quality of that data improves, and the quality of goods and services improves. (Like with the photo example – getting paid to identify friends or associates.)"
Why you should care? SSI as a concept will fundamentally alter the makeup of the internet. As the concept takes hold, you can take personal responsibility for your privacy and benefit from monetizing your own data.
Slack Launches the Future Forum to Create a Better Way To Work - "Helping companies reimagine work in the new digital-first workplace"
Slack, the collaborative communications software company, is creating a business consortium focused on original research and events. The consortium's goal is to help reimagine digital culture and work standards for an increasingly digital and remote workforce.
As an example, Slack provided early data indicating that nearly 72% of knowledge workers want a hybrid format of office and remote work moving forward.
The Future Forum's Webpage
Why you should care? If remote work is here to stay, it makes sense to focus on how companies are innovating their office culture and policy decisions.
Could this New Digital Health Pass Kickstart International Travel? - Imagine flying to a foreign country, going through customs, and being forced to turn over a standardized medical history showing proof of COVID-19 test results. That's what CommonPass is working to accomplish.
The company behind CommonPass is trying to build a universal and standardized tool that border officials can use to verify and individuals virus-related data. At the moment, they are working to establish a pilot test of the system but it's clear there is overwhelming support for such an initiative.
Why you should care? Should this be successful, it has major implications for international travel and personal data privacy. It may also have negative consequences and stigmatizations for people that have become sick or avoid vaccinations.
Golden Visa/Passport - Many countries have a variety of processes and rules an individual must comply with in order to gain citizenship and residency. But most also provide what is called a Golden Visa and/or Passport. This allows individuals to buy citizenship through qualifying investments within the country.
Why you should care? A Sovereign Individual seeks to cultivate citizenship in multiple jurisdictions and the golden passport represents an expedited opportunity to achieve this goal. The ability to effectively vote with your feet is a primary mechanism of defense a Sovereign Individual can use against aggressive policies by nation-states.
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