For us to truly get behind a technology, it needs to provide one thing: trust. However, most platforms we use nowadays lack that trust. It’s no myth that many companies extract information from the platforms we use, and we often don’t have visibility over where it goes. In addition, many companies don’t have full visibility where data is going, either.
Increasingly, there’s been a wave of companies taking interest in promoting trust in technology. Here’s how they’re changing the world.
Trust-based technologies
There are a variety of technologies on the market to ignite trust, such as blockchain and artificial intelligence. Blockchain technology, for example, encourages trust by providing an immutable distributed ledger for data storage. By doing so, any changes or deletions are visible to the network.
Artificial intelligence also delivers a degree of trust by providing insights into company processes and forecasting any issues.
The potential of blockchain and AI in tech also extends to consumers, who can gain better visibility over their purchases, their services and their own data.
The core of technology will need to be trust, because technology is how we handle our data. Trustworthy technology is designed to create and facilitate trust between people in not only a business setting, but also a social and person one.
What are some examples of trust-based technology implementations?
There are a myriad of sectors that demand trust, from business to mining to fuel tracking. We need to implement innovative technologies in these sectors to ensure trust in data. Blockchain technology sits at the forefront of what has come to be called ‘TrustTech’.
This is because its anonymity and transparency give an alternative to not only data storage, but also asset tracking and financial transfers.
We can use blockchain technology to ignite trust and transparency. This especially applies to supply chains, where there’s always the risk of fraud or conflict sourcing. Blockchain allows us to have trust in our technologies by identifying any unethical behaviour within the supply chain.
It also provides you a decentralised form of data storage.
Artificial intelligence can build trust, but it also potentially compromises trust. In the case of AI in things such as Google and smart homes, many of us don’t believe that our data is protected.
Part of cultivating AI implementation means to create a human degree of trust in artificial intelligence.
Some other technologies that could be used to ignite trust include machine learning and automation.
Blockhead Technologies is implementing blockchain technology to ensure trust across companies. You can find out more about STAMP here or contact us here for more information or a demo.