Stepping into the Unknows we can trust! by Zara Zamani

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Embracing the Unknown Future with Blockchain: A Roadmap to Understanding Trust Architecture

Hello, I'm Zara Zamani, the Chief Solutions Officer at Chrome. My professional domain includes being a Blockchain solution architect, a researcher, and a university lecturer in the adoption of Blockchain in small and medium enterprises. Today, we are going to explore an exciting topic that is currently taking the business world by storm - the adoption of blockchain and its role in defining our trust architecture.

Blockchain: Trust in the Unknown Future

In this digital era, we keep hearing about promising terminologies like Metas, NFTs, virtual life, and more. These new technologies may at times appear overwhelming and trigger a fair share of ambiguity, particularly concerning trust. You may find yourself questioning the viability of this obscure future and whether or not to place your trust in it. Herein, I want to delve into the context in which Blockchain as a technology impacts our society and scales trust.

However, to better understand the future impact of blockchain, we need to step back and look at history and what has lead us to where we are today.

Historical Analysis: Hierarchies, Bureaucracies, and Trust

Our modern society operates on structures born during the industrial revolution era, characterised by hierarchies and bureaucracies. The applications and technologies built during that era have resulted in additional layers of bureaucracy and hierarchy. A functioning model at the time, this system eventually began to fail us due to a lack of efficient trust and decision-making scalability.

Decentralizing Trust with Blockchain

  • Failure of Hierarchical and Bureaucratic Structures: In traditional hierarchical structures, the decision-maker is often far from the source of information and the impact of the decision. Moreover, corruption becomes rampant as decision-makers increasingly distance themselves from the people they represent.
  • A Leap into the Decentralized World: We are now transitioning into the era of "web 3.0" or the decentralized internet, breaking away from the requirement to trust a centralized entity. This world is powered by blockchain technology, wherein trust is shifted from an individual to a consensus mechanism.
  • Blockchain's Potential: The major takeaway is that Blockchain technology helps to scale trust and decision-making, which forms the backbone of fair governance. It's not merely about democratizing finance or returning control of data to the hands of users. It offers an alternative to corruption and centralized control, thus transforming the way we treat and control data.
    • Stepping into a Trust-Enabled Future

      Blockchain technology helps us stride confidently into an unknown future that we can inherently trust. Blockchain provides a model for distributed trust, negating the need for third-party entities or intermediaries. We stand before the precipice of a new world order, enabling us to control the decisions that directly impact our lives, reducing corruption while bolstering trust.

      Final Thoughts

      As we transition from web 2.0 to web 3.0, it'd be prudent to remember that while blockchain can offer a level of traceability and trust within its network, you must still exercise caution and educate yourself about potential risks during this transition period.

      If you have further questions or wish to educate yourself more about this shift from web 2.0 to web 3.0 and how blockchain technology facilitates building trust, feel free to reach out to me on LinkedIn. Thank you, everyone, and good luck on your journey in this new era of the internet.


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