Speaking Of Crypto

009._Blockchain_Like_Electricity_with_Jason_Lee.mp3

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Synopsis

Blockchain Expert, Jason Lee is the Expansion Director for the NEM foundation for Australia, New Zealand and South Pacific and was named one of Forbes Top 30 Under 30 Asia. Jason compares blockchain tech to electricity. Electricity powers what we use all around us but it’s working behind the scenes. Blockchain protocols are similar. As we go forward with this technology it will become seamless. It will be the technology powering what we use all around us, working behind the scenes, like electricity. We also talk about the Facebook data privacy scandal and Jason introduces the concept that “If you’re not paying for the product, you ARE the product.” Food for thought. But in a decentralized world, we could be paid for the data or personal information that we choose to provide. Decentralization puts the power back into the consumer rather than the service provider. It begs the question, shouldn’t businesses pay consumers for the information they receive if it helps them with marketing, or allows them to sell adv