I’ve been exploring, reflecting on, and writing about the future of technology for many years, with a dedicated blog since 2010. My focus goes beyond immersive technology—delving into topics like facial recognition, AI, wearables, IoT, blockchain, and the interconnectedness of these innovations. My work examines their convergence and the direction they’re taking us.
Note: this is the text from a Linkedin post I wrote, in response to a post by Cathy Hackl, She visited a concept store that features Alipay’s "smile to pay" facial recognition payment technology. Here's her video where she's discovering facial recognition payment systems in China.
https://www.linkedin.com/feed/update/urn:li:activity:6503651708290293760/
As I've written about before, I have some very serious reservations about facial recognition technology and how it will completely remove any semblance of privacy or anonymity.
And unfortunately, it's inevitable.
What I am worried about is having our biometric data stored in so many databases, where we have no knowledge or control over how the data is stored and used. Yes the credit card company already know things about us, and can track us through transactions and location. But those things are still things that can be stopped; change accounts, banks, and your data is not permanent and persistent. Your face is yours, forever.
Amara's law states that, "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run." It certainly seems to apply.
The tokenization of the VC business: STOs - asset backed cryptocurrency. I've long been watching (and, umm, arguing lol) with the fanboys (so far, it has been only boys) about the viability, long term possibility - and even safety of cryptocurrencies (NB: not blockchain. It's a solid technology). I've even been known to say, "It's like the dutch tulip frenzy of the 1600s, without the tulips." And I said it before other more famous people said it lol. And increasingly, how sad it is that so many startup raised money with ICOs, which are now worth a fraction of the value they were worth at the time, if they were not converted to fiat. STOs might curtail the volatility as they are asset backed; but will this limit the startups that have access to raising money this way? - hearkens back to the olde skool SBA loans, where you could get one - if you had a physical asset to put up as collateral. And while I know you can technically call the company you're starting an *asset*, for me that gets into sticky territory, when you're still getting it all running and there's not much really there yet.