Blockchain seems to be everywhere right now, but how we educate policymakers and users around this tech now could define its ultimate success or failure. There’s the hype.
Then there’s reality. That’s the neverending back and forth about technology.
If a groundbreaking piece of technology survives for the long term, it’s because something happens to bridge the gap between those two. Sometimes it’s unexpected; take two of the biggest examples from the last 40 years.
In the early 1980s, the Atari 2600 powered the home video game market until a number of factors caused the market to collapse and anything related to that system wound up taking up landfill space. Yet, a few years later Nintendo revitalized the market and now it’s a billion-dollar industry that drives a huge percentage of the entertainment market.
Similarly, the Internet as a commercial tool zoomed into the zeitgeist with the late 1990s dot-com explosion before people realized the technology had not yet caught up to people’s ambitions. But after the dot-com bubble burst, the industry regained its footing with reality meeting the hype simply by gradual implementation of secure technologies and sensible planning over the next 20 years — and now we’re on the verge of the Internet of Things era. Read more from rtinsights.com…
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