Excellent TED Talk on how the Blockchain technology will play a role in managing trust and identity.
Rachel Botsman is studying the defines trust as a “confident relationship to the unknown.” She is studying how technology is transforming the social glue of society.
Human beings are incredible in being able to take trust leaps.
She then introduces the concept of “climbing the trust stack.”
She then posits that we are going thru a massive change in the trust model, one from an instituionalized model to a distributed model.
She goes on to say that the blockchain technology will play a major role in how we effect digital trust. So much so, that the trust stack can be simplified, and the need for institutionalized trust intermediaries can sometimes be mitigated.
Watch the entire video. Very enlightening and provides a clear and consice explanation on how the blockchain works.
What Ms. Botsman omitted—clearly not intentionally—is the role sentiment analysis plays in the future of digital trust.
The Role of Sentiment Analysis and Trust
In the future, the ability to understand the sentiment or the “spectrum of intention” of another person or entity will be highly valuable in determining trust values.