The pacing problem
Posted: Tue Dec 17, 2024 6:44 am
take out a 'fair' insurance via Etherisc or
take out a cheap mortgage through Liquid .
These are a few examples of cool, working DeFi solutions, of which new ones are added every day. There is already a modest $2 billion in circulation and half a million people use the various platforms. And this is currently growing exponentially . Both the sharply declining confidence in money, due to the printing of trillions of dollars and euros out of thin air by governments, and the great opportunities in the field of remittance payments for developing countries, can stimulate this exponential growth even further in the near future.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. – Bill Gates
The education gap
In order to continue to develop as an innovative technology, to continue to make progress and to have an impact, education is incredibly important. Among other things, for training new experts. But also for constantly updating professionals and to make it understandable for a wider audience. Think of users and investors. This is one of the biggest concerns of technology.
Recent research by Nyenrode shows that 7 out of 8 Dutch executives indicate that their level of knowledge is very moderate. Research among investors also shows that their moderate level of knowledge is currently holding back major investments. There is also a large mismatch in the field of blockchain experts, which according to research is one of the biggest obstacles for executives to take the next steps.
Although the world's largest freelancing platform, uae telegram data UpWork, saw a 6000% increase in the number of people with blockchain skills offered in the past year, blockchain is still by far the most sought-after skill by companies this year, according to LinkedIn. Dozens of universities and other educational institutions in the Netherlands and worldwide are now offering blockchain courses and the first few students are graduating. Major companies in the industry, such as Binance and Tezos, are setting up their own online 'universities'. They are doing this to further support and accelerate the educational process. However, the gap between supply and demand will remain for some time .
The biggest obstacle for organizations to do something with the technology is the legislation and regulations. A ' pacing problem ' has arisen, because the technology has developed so quickly that legislators simply cannot keep up. And this is not only because legislators need and take time to create legislation. Due to the many, large, global scandals in recent years, barriers have also been erected by the various counter-reactions from governments. This is of course unfavorable for the development of the technology.
We saw this with the major privacy scandals surrounding tech companies. And the subsequent GDPR legislation that was already outdated in the field of blockchain technology upon launch. But also the 'move fast and break things' idea of companies like Facebook, Amazon and Google around design processes of their products and services, is currently being curbed on a large scale by many governments .
Also, a great many old laws, which mainly work in favor of traditional industries and not in that of new technologies, do not cooperate in this. Fortunately, many new laws and regulations have been announced. These new rules will replace the old-fashioned rules for paper and mail with bits and bytes in various areas.
take out a cheap mortgage through Liquid .
These are a few examples of cool, working DeFi solutions, of which new ones are added every day. There is already a modest $2 billion in circulation and half a million people use the various platforms. And this is currently growing exponentially . Both the sharply declining confidence in money, due to the printing of trillions of dollars and euros out of thin air by governments, and the great opportunities in the field of remittance payments for developing countries, can stimulate this exponential growth even further in the near future.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. – Bill Gates
The education gap
In order to continue to develop as an innovative technology, to continue to make progress and to have an impact, education is incredibly important. Among other things, for training new experts. But also for constantly updating professionals and to make it understandable for a wider audience. Think of users and investors. This is one of the biggest concerns of technology.
Recent research by Nyenrode shows that 7 out of 8 Dutch executives indicate that their level of knowledge is very moderate. Research among investors also shows that their moderate level of knowledge is currently holding back major investments. There is also a large mismatch in the field of blockchain experts, which according to research is one of the biggest obstacles for executives to take the next steps.
Although the world's largest freelancing platform, uae telegram data UpWork, saw a 6000% increase in the number of people with blockchain skills offered in the past year, blockchain is still by far the most sought-after skill by companies this year, according to LinkedIn. Dozens of universities and other educational institutions in the Netherlands and worldwide are now offering blockchain courses and the first few students are graduating. Major companies in the industry, such as Binance and Tezos, are setting up their own online 'universities'. They are doing this to further support and accelerate the educational process. However, the gap between supply and demand will remain for some time .
The biggest obstacle for organizations to do something with the technology is the legislation and regulations. A ' pacing problem ' has arisen, because the technology has developed so quickly that legislators simply cannot keep up. And this is not only because legislators need and take time to create legislation. Due to the many, large, global scandals in recent years, barriers have also been erected by the various counter-reactions from governments. This is of course unfavorable for the development of the technology.
We saw this with the major privacy scandals surrounding tech companies. And the subsequent GDPR legislation that was already outdated in the field of blockchain technology upon launch. But also the 'move fast and break things' idea of companies like Facebook, Amazon and Google around design processes of their products and services, is currently being curbed on a large scale by many governments .
Also, a great many old laws, which mainly work in favor of traditional industries and not in that of new technologies, do not cooperate in this. Fortunately, many new laws and regulations have been announced. These new rules will replace the old-fashioned rules for paper and mail with bits and bytes in various areas.