Blockchain technology is now used in many industries for data verification and storage but the next wave of working with data will almost certainly center on the combination of blockchain technology and Big Data, combined with better methods of data interpretation. This will allow us to bring Big Data tools in line with contextual understanding and to help individuals and companies make decisions which will drive the new paradigm in development.
Digital Services for Personal Development are Prevailing over Traditional Ones
Traditional consultants such as life coaches who help people to make right decisions are expensive and no-one can make sure whether the method a particular consultant practices is valid or not. Unlike consultants, applications generated and deployed on the blockchain will be continuously checked on the decentralized network. Consumers of these services will be able to use the application in any place and consultants will be able to develop projects, digitize them, and get access to a larger audience on the basis of ecosystem.
The Problems of Modern-Day Development Apps
Today, there are a lot of apps centered around analyzing one’s personal data according to several methods (personal data interpretation tests). For example, an app like Remente asks you to fill in a questionnaire to assess personal development. Upon completion, the system analyzes the data and provides users with recommendations on strengths and weaknesses found by the algorithm.
The first problem with these apps is that they are nonsystematic and each of them gives different answers to particular questions. The second problem is that it’s difficult to improve methods on the basis of how differing apps interpret dat, because data collected is not stored in one place. Much could be improved by harnessing the collective power of these apps and synergizing data inputs and outputs.
Personal data interpretation methods help to understand personal traits; what motivates people, their likes and dislikes, and more. In the mass market, methods such as IQ tests, Myers-Briggs, and Astrology tests are commonly used.
At the same time, there have been huge advances in knowledge, resulting from studies about the brain. What’s interesting about that is that they can offer us much deeper personal analysis when applied to our pre-existing knowledge on personal characteristics and brain chemistry.
The World is Lacking the Combination of Blockchain and Big Data
In spite of the fact that blockchain was created as a system for serving the financial sector, its scope oversteps these bounds. There are even apps using a technology blockchain in a healthcare and science setting.Their creators believe that opportunities of a blockchain data storage will improve people’s life.
Experts agree that combining Blockchain Technology and Big Data is a global challenge for the world, and will need innovative decisions to be implemented effectively. In the future, the scenario of personal problems and limitations on development will be prevented with the use of technology.
Needless to say, this doesn’t mean it will be possible to fully predict the way human brain works, but Big Data tools and Blockchain based on the methods of personal analysis will be a breakthrough in our attempt to remedy this.
Due to decentralization, it will be possible to collect large scores of data regarding human behavior, and keep methods potentially forever using the Blockchain. With the help of these tools it will soon be possible to provide people with smart digital consultancy based on complex methods and verify these absolutely.
Creating Scientific Opportunities through the Blockchain
Creating blockchain networks focused on interpreting such data methods and storing the collected data in a decentralized way is a major issue, of course. The storage of personal data should be approached in a way that’s both impersonal and accessible so as to be useful to the scientific community.
One such company aiming to solve these issues is the Human Discovery Platform, a blockchain startup based in Moscow who wish to create a network that encompasses all of the above. The idea is that scientists who work through the service will be able to work within the same ecosystem, adding their research blocks as one.
By incorporating knowledge in an open and accessible style the same way that Wikipedia and other Open-Source projects do, the platform will attract more users. The more people that get involved in the production of data and services – the faster the economy of the project will accelerate.” says CEO of Human Discovery Platform Timur Karimbaev.
It is clear that the introduction of Blockchain Technologies and the realization of the power of Big Data will do much to improve the impact of personal improvement. Where will this new age of ergonomic excellence take us? Only time will tell.
This post is part of our contributor series. The views expressed are the author’s own and not necessarily shared by TNW.