With facial recognition technology becoming the norm and data being sold to the highest bidder, blockchain technology could be on its way to being a major player in the creation of a surveillance state.
A quick look at cinema headlines from the last decade will show an interesting and popular trope. Robots will soon take over the world – either on its own or as a tool utilized by an oppressive government.
The premise is an enticing one as it appeals to the natural human fear of the unknown as well as the unpredictable nature of technology. Just as media in the 1940s predicted flying cars, media now is obsessed with the idea of technology eventually contributing to our downfall, which, with any luck, is still a far cry away from being realized.
There is, however, some variety in the type of technology that will supposedly lead to humankind’s downfall. Artificial Intelligence is a favorite scapegoat and so is alien technology as it gives both the filmmaker and the viewer an opportunity to project their deepest fears onto a supposedly limitless power.
Another technology could be used to create the dystopian future we fear and obsess over. Blockchain often makes headlines for the rise and crash of its cryptocurrency applications, but alternative use cases paint a slightly different picture.
However, one application of blockchain that has not been fully explored but could have potentially dangerous consequences is that of surveillance.
Blockchain technology operates by creating a permanent and secure ledger of transactions, whether they are financial transactions, messages, the issuing of documents, and so on. This has made it a favorite for industries and firms that need to keep permanent ledgers of transactions as well as ensuring the credibility of various items such as educational credentials,