Blockchain – The Evolution of the Internet, IoT and Circular Economy Part 1
With the advent of the so-called blockchain revolution, it is important to contextualise the permanent shifts and challenges that the Internet (and consequently the world) will be facing in a near future. Blockchain comes profoundly mixed with the Internet of Everything, and these novel technologies impact and shape new models of economics such as the circular economy and the future of finance. In this series of articles I will be reflecting how these technologies provoke social changes operating a holistic shift.
One can say that one of the most fascinating things that happened over the past decades, is the intensive process of digitisation of society. 25 Years of Internet means 25 years of digitalisation from books and long tail keywords to IOT and digitalisation of DNA.
It all started in 1989, whenTim Burns Lee invented the HTTP, an acronym for the hyper text transfer protocol. Tim wrote his proposal at the research institute CERN for a “global hypertext” system, and later on, he developed the technological basis of the Internet, which is still well known by the acronyms HTTP (Hypertext Transfer Protocol), HTML and URLs.
This consisted of a series of links between University computers, that soon would developed into a whole new thing called the World Wide Web. Its initial minimalist design featured black text with blue links on a white background. Later on, Marc Anderseen created the first browser Netscape which connected those links. Netscape was a great improvement in terms of usability as people could finally search the web. Yahoo, Wikipedia, Google, Amazon, Baidu and Yandex pick up on that experience and commoditised it to levels of adoption by full society both in terms of knowledge, products, services digitalisation and creating or replacing existing communication and business models.
Soon after, MySpace, LinkedIn and then Facebook would follow, helping to create the first real solid global personal identity ledger with the emergence of algorithm-driven bits and bots of the social-graph. Visually, the internet changed drastically from its original display of plain text, to the magazine style of the social web, done with photo-and-video-based pages, and afterwards, with the development of mobile devices, to a more simplified outlook once more.
The fascinating process of the birth of the internet, led humanity to fully digitise society.
If the initial version of the internet offered semantic data, resulting from the advanced processing of search engines, ater on its bots evolved into powerful algorithms that offered social graphs. Nowadays, the internet offers two different and complementary, ways to search. On one hand, we have the semantic search, led by Yahoo, Google, Amazon, Yandex, Baidu, Apple (with IOS, you still search for apps). On the other hand, with the development of the so-called social web, that emerged from the invention of the platforms LinkedIn, MySpace, Facebook, Twitter, Instagram, social search began to flourish.
The process of digitalisation continued to increase, and it is taking now huge proportions with the so-called Internet of Things or the Internet of Everything.
The Advent of the so-called Internet of Everything – IOT
We moved from the digitalisation of knowledge, identity and services through search and social graph algorithms to the digitalisation of objects and virtually everything with the IOT.
One of the trendy words of our current days is the so-called Internet of Things or the Internet of Everything. The IoT is a process that began with the digitalisation of books. Lately, with the increasingly cheaper costs of sensors, the IoT has grown tremendously, accelerating the process of digitalisation of all the things around us, with the help of sensors that create and process data.
The emergence of IOT has awakened the need for a global technology network that could be a second evolution of the present internet infrastructure. This fast growing IOT ecosystem footprint increasingly requires and has to take into consideration the following areas:
- A Big Analog Data pipeline solid configuration.
- A sound perpetual system of connectivity between sensors, objects, and data gathering.
- Real time processing of the coordination of objects, data, and gathering of information.
- A solid spectrum of insight and relevance software as a service and relevance as a service, to clean data and create specific insightful actions.
- A balance between immediacy and depth.
- Sophisticated high-end computers and powerful platforms to provide deep insights from data analytics.
- The “V’s”: Volume, Velocity, Variety, Value, and Visibility.
- Strategies to manage the risks of cyber security
- Strategies to cope with issues of privacy, P2P and personal identity versus society and corporations ownership and management of identity.
- Answers to issues around centralised and decentralised ownership of data, global versus regional, government, non-government and corporations.
When objects and things start being all digitalised the challenge is now twofold: how to scale the process and how to extract relevant data from it ?
On the other hand, besides having to cope with the emergence of big data, we face now the inception of a full digitalisation of money. Whether one likes it or not, with the advent of Bitcoin, the process of money digitalisation became irreversible, opening with it a whole new Pandora box of consequences.
Other areas being approach are the digitalisation of our human DNA, which brings other types of disruption, particularly in the health sector.
We are creating novel holistic digital identities for everyone and everything around us.
Related articles by Dinis Guarda:
Circular Economy And A Blockchain Driven Sharing Economy?
Blockchain Shift Inception of a Database of Everything
Disruption, Blockchain, Fintech And The Trust Protocol Part 2
Disruption, Blockchain, Fintech And The Trust Protocol Part 1
Blockchain: A Glossary With Key Terms
12 Bitcoin and Blockchain Thoughts and Quotes You Need to Read
Blockchain: 5 Key Concepts
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Blockchain the Inception of a new Database of Everything?