TL; DR
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“Web3 isn’t so much about keeping your data private. It’s about owning your data and having more choice about what you do with it.”
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J-Tro is optimistic about blockchain technology’s ability to solve economic problems, but thinks there is a lot of nonsense in the space.
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And finally, JT outlines how AI will help accelerate the development of high-quality Web3 apps. “What AI will do is improve the time to market of companies and projects, pointing to productivity tools, including AI that can write and monitor smart contracts.”
Full story
We have just read an interview with Google Cloud’s Web3 Engineering Director, James Tromans, so you don’t have to.
Here are three points J-Tro makes that are worth paying attention to:
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“Web3 isn’t so much about keeping your data private. It’s about owning your data and having more choice about what you do with it.”
This is a pretty wild statement as it comes from/is supported by someone at Google. Their entire business model is built around owning and selling access to user data.
What will happen to Google when Web3 puts users back in control of how their data is used and who can benefit from it?
Our guess: they make an agreement to share ad profit with users in exchange for their data (similar to how they trade ad money for creator content on YouTube).
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J-Tro is optimistic about blockchain technology’s ability to solve economic problems, but thinks there is a lot of nonsense in the space.
He didn’t put it very eloquently, but the gist of it was, “Not everything needs Web3 technology.” Amen J-Tro, amen.
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And finally, JT outlines how AI will help accelerate the development of high-quality Web3 apps. “What AI will do is improve the time to market of companies and projects, pointing to productivity tools, including AI that can write and monitor smart contracts.”
Translation: AI is a shrink ray. It reduces the time and money needed to develop technical products. When AI is targeted to Web3 apps, developers can build and test ideas faster.
As usual, the bad will fail, while the good will succeed. The difference is that it will happen faster.
OK, that’s it.
Go forth and think, folks!