Is Blockchain the New Frontier for Human Sexuality?

1983’s sci-fi movie Brainstorm featured a device that could record an individual’s physical sensations and emotional feelings, and transfer these onto a tape-like medium, so they could be shared with others. 

The more mundane experiences of rollercoaster rides, high-speed chases, etc., inevitably give way to one of the human being’s most basic instincts: the sexual urge. Soon, the device becomes the catalyst for more thrilling, daring, and ultimately dangerous experiences on the fringes of sexuality and death.

Technology and sex have been closely intertwined throughout history. The use of the former to enhance the latter can be traced back thousands of years. You might have heard the apocryphal stories about Egypt’s quintessential beauty queen Cleopatra using a hollowed-out piece of gourd filled with bees to gratify herself. Probably not true, but a good, inspiring story all the same. 

And so the story goes from the historically implausible, to the downright bizarre, and everything in between. From Victorian torturous-looking, steam-powered devices designed to induce pleasure, to modern-day USB aids and silicon-based toys, the world of sex has always looked at technological evolution for its next thrill. But there’s always a what next question floating within the realm of sexuality. What’s the new frontier to be crossed? What new sensations lie ahead?

And so the cycle of technical innovation to enhance human sexuality continues with blockchain, a relatively nascent technology with a decentralized twist. 

Blockchain’s role in fostering relationships

Blockchain technology has often been described as a solution in need of a problem. Blockchain has been around for just over a decade, which may sound like a lot, but it’s really a mere drop in a bucket in terms of technological evolution. Blockchain does have a long way to go before realizing its full potential. 

Up to two or three years ago, the use of blockchain was restricted as the technology underlying cryptocurrencies like Bitcoin et al. But slowly, the tech has found its way into other industries like shipping, automotive, aerospace, etc. 

And just like in Brainstorm, these mundane and strictly professional applications of blockchain technology are slowly giving way to more social and, shall we say, personal purposes.

Establishing lasting relationships in today’s world is something of a Sisyphean task. One must work tirelessly at it, only for the relationship to fail for one reason or another, sending everyone back to the bottom to start all over again. Dating apps like Tinder have warped the dating scene, creating a definite bias towards a certain social echelon. Not only that, but the amount of fake profiles seems to grow exponentially with every passing month. In other words, one can never be certain of who we are chatting to. And worse still, apps like Tinder have one fatal flaw: A centralized nature. Tinder regulates the platform and does as it sees fit. In other words, what Tinder wants, Tinder does. The users are just along for the ride (or lack of it). 

Blockchain technology features some inherent traits that may herald a new era for dating applications. Immutability and transparency, for instance. Blockchain creates environments where data is shared while remaining anonymous. And the data that is shared is visible to everyone and verifiable on the chain, which helps reduce the number of fake profiles. More importantly, data is immutable, so it cannot be tampered with. 

Blockchain is of course not a magic dating bullet. Users will not be able to establish solid relationships just because they participate in a blockchain-based dating app. But at least users know that—a) their data is secure; b) the profiles they see are legitimate; and, c) records are immutable and auditable. The relationship part, well, that is very much down to the laws of human attraction, and that is beyond the scope of blockchain or any other technology, for that matter. 

Sex on the blockchain: Breaking the boundaries of reality

Sex is, for the most part, a private endeavor. Most people want to keep this aspect of their lives away from prying eyes, be it for legitimate or illicit reasons. But this is not always the case.

The spectrum of human sexuality is as varied and infinite as the constellations in the night sky. For many people, privacy is not such a chief concern when it comes to sex, seeking enjoyment, satisfaction, and fulfillment instead.Blockchain may stand at the vanguard of a second sexual revolution, this time relying on technological advancement to nurture new sensations for the human user. 

One of the oldest axioms in the economy is that sex sells. It sells stories, magazines, media, and of course, toys. The sex toy industry is certainly worth a pretty penny. The global market is forecast to grow to around $29bn by 2020. With all that money up for grabs, blockchain technology offers a great opportunity for business. 

The forbidden blockchain fruit might soon be ripe for consumption by the most adventurous out there, in the form of sensory-enhancing devices that enable remote sexual interaction with the perception of reality. 

Let’s take a moment to delve into this concept. What makes reality real? Well, according to Morpheus from that revered piece of cinematic history that is The Matrix, “if you’re talking about what you can feel, what you can smell, what you can taste and see, then real is simply electrical signals interpreted by your brain. This is the world that you know.” Such an explanation, while simple, is perfectly acceptable.

The concept of reality goes well beyond such boundaries though. It’s the perception of reality that truly matters. What’s real for you (your experiences, dreams, visions, etc.) remains a fantasy for me, and vice-versa, as I will never attain or experience what you have, or what you have seen or dreamt about, and the same can be said about you. Throw in a set of experiences designed and molded by a computer system, and the concept of reality becomes rather slippery. In this age of turmoil and technological decadence, reality indeed is in the eye of the computer. As Morpheus said, ‘welcome to the desert of the real’.

So this new generation of sex toys might provide a version of sexual interaction that may feel real to the participants by means of state-of-the-art technology such as haptics, creating remote sexual experiences using blockchain as the carrier. 

The sexual landscape of the future: A decentralized fantasy

Always in motion, the future is, according to Master Yoda. In simple words, we cannot tell what’s going to happen tomorrow, and hence this conclusion is purely speculative.

The decentralized nature of blockchain and the integration with technologies such as Artificial Intelligence (AI), machine learning, together with future advances in sensory technology might combine to create a global playground where people can ‘meet’ and indulge in their inner desires and fantasies, without ever leaving the comfort of their own homes.

One could argue that such a level of technological advancement might lead to the dehumanization of sexual activity, and that is a valid point. Sex is a great means of communication between people, and the bond that keeps a relationship together, so turning sexual interaction into a mechanized activity might create its own issues. But these are arguments for a follow-up piece.

Blockchain in itself does have the capability to open up a brand new world of possibilities in the realm of human sexuality, and as they say, the best is yet to come. 

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Blockchain-Powered Farm to Plate Portal to Mitigate Recalls

Farm to Plate, a blockchain-enabled provenance tracking portal by Paramount Software Solutions, is set to address the challenge of recalls witnessed in the food & beverage sector. 

According to Paramount Software Solutions, Farm to Plate is a transparent and exceptional real-time and blockchain-powered provenance tracking portal intended for field and farm products. 

Realistically, products in the food & beverage sector, such as restaurants, are sourced from many locations across the globe. This has proven to be challenging because these businesses require complex systems to detect the reasons for contamination or damage, as well as the point of occurrence. With the absence of proper records, this is a daunting task.

Farm to Plate seeks to mitigate this difficulty by availing real-time insights about a product’s origin and handling information, such as date and location. 

Recalls Addressed

In case of a recall, the data availed in the Farm to Plate portal will be narrowed down to a particular bundle or lot, and ultimately location. 

This approach is deemed productive because wastage will be  minimized as all products will not be recalled. By using blockchain technology, the information obtained through the provenance and tracking portal will assist companies in deterring future recalls and damages. This will be prompted by secure, transparent, immutable, and dependable data entries.

During the unveiling of Farm to Plate, Pramod Sajja, the President & CEO of Paramount Software Solutions noted:

“Paramount understands that every business has problems that are very specific to them, and solutions need to be developed, keeping those exact needs. Farm to Plate was built keeping that in mind – not only does it provide easy access to very powerful and solid data that is immutable, and easily traceable but it can be customized to the needs of businesses wanting to go into the specifics that are more relevant to them.”

Farm to Plate utilizes a tracking system built on HyperledFger Fabric 1.4 and runs within Docker Containers on Ubuntu Linux 18.04. 

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Blockchain Startup Agriledger Launches Ecosystem of Transparency and Opportunity For Haitian Farmers

UK Tech Startup, Agriledger has launched a blockchain ecosystem for Haitian farmers to add transparency to the supply chain and create fairer product pricing for suppliers and retailers.

As reported by Spring Wise on Feb. 28, Agriledger’s system offers farmers in Haiti access to global markets and banks. The system fosters trust on both sides of the transaction, leading to fairer payments for farmers and piece of mind for consumers.

Benefits of a Blockchain Ecosystem

Leveraging blockchain technology, registered Haitian farmers are provided with a unique digital identification number, which makes the farmers key players in the supply chain, and gives them access to financial services, logistics, insurance and other services.  

The farmers are also able to tokenize their products using Agriledger’s service, further enhancing their access to peer-to-peer dealings.

Blockchain features make the data on the platform inherently trustworthy, enhance the overall traceability and transparency of the supply chain and automates data reconciliation.The system, which includes a digital wallet for fast network payments, makes it is easier for farmers to get loans and access financial services.

Agriledger has announced plans to create a Software-as-a-Service (SaaS) enabled marketplace. The planned service would include communications and an order management platform to ease transactions between food suppliers and retailers. 

Haitians are also Trading Waste for Digital Tokens

While tokenizing can provide Haitian farmers with enhanced access to peer-to-peer finance, it is also being implemented in Haiti to encourage people to incorporate more environmentally friendly measures. The initiative offers tokenized compensation for disposing of waste in the right manner.

As reported by Blockchain.News, a Canadian company called Plastic Bank in operation in Haiti and Peru utilizes a blockchain solution to reduce the ecological damage caused by plastic waste. 

The company has strategically located recycling centers where people take their waste, such as empty plastic water bottles, cups, and bags in exchange for digital tokens secured via a blockchain platform and can be redeemed for food or charging phones. All the plastic collected is then sold to a buyer for recycling purposes. 

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What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are muddled in complexity. According to an official announcement, blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing. 

BMW Group merges blockchain and cloud technologies

BMW Group houses popular brands, such as Rolls-Royce, BMW Motorrad, MINI, and BMW. The Group has 31 assembly and production plants spread across fifteen countries with a workforce of 133,778 employees. 

In 2019, PartChain was successfully piloted in the purchase of front lights, and the manufacturer wants to go a step forward to incorporate more international suppliers in the blockchain project. It was initially used in three locations belonging to the automotive lighting supplier, as well as two of the BMW Group’s plants. 

For the seamless traceability of parts, BMW Group has combined blockchain and cloud technologies by using Microsoft Azure and Amazon Web Services as this enables the tracking down of components’ origin without permitting any manipulation. 

Andreas Wendt, a board member of BMW AG, noted, “PartChain enables tamper-proof and consistently verifiable collection and transaction of data in our supply chain.”

By leveraging on blockchain and cloud technologies, BMW Group intends to thrust the digitalization of purchasing to unprecedented heights as information within international supply chains will be shared and exchanged anonymously and safely. 

Blockchain guarantees transparency

Transparency is fundamental when it comes to the supply of finite resources like batteries. By deploying blockchain technology, BMW Group will be in a position to have a transparent extraction of raw materials. 

Earlier this year, Mercedes Benz partnered with Circular, a blockchain startup, to trace carbon emissions in the cobalt supply chain. Blockchain technology is, therefore, being integrated into the automotive industry for environmentally friendly practices, as well as the transparency and traceability of raw materials.

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Coinbase Reveals Firm Received Around 2000 Subpoenas From Authorities Over Customer's Data

Cryptocurrency exchange Coinbase has revealed in its newly released transparency report that it got served a sum total of 1,914 government requests for customer’s data in the first half of 2020. Per the report, the bulk of the requests which come in the form of a Subpoena were from United States authorities and accounts for 58% (or a total 1,113) of all requests received.

As detailed by Coinbase’s Chief Legal Officer Paul Grewal, the exchange has the obligation to share information about how it handled its customer’s data in line with its mission to continue to protect its customers’ financial privacy. According to Grewal:

“Coinbase believes that trust is built through transparency and honesty. As we continue on our journey to becoming the most trusted venue for anyone to interact with the cryptoeconomy, today we’re releasing a Transparency Report that shares insights into how we handle legitimate government requests for some customer data.”

While the exchange is unable to provide what the requesting government agencies did with the shared data, the exchange needed to cooperate with the government whose core interests revolve around pursuing bad actors and thus keep such platforms as Coinbase’s safe for everyone. Besides the United States, the United Kingdom and Germany complete the top three countries with the highest number of requests at 441 and 176 respectively.

Meanwhile, Coinbase which has been linked with Initial Public Offering listings has continued to witness the exodus of its staff as in relation to the controversial ‘Apolitical’ stance order issued by Chief Executive Officer Brian Armstrong. While the move might have left a temporary dent in Coinbase’s workforce, the company’s transparency reporting is a move to serve its 38 million customers while attracting much more. The move will also help the firm wade off privacy lawsuits as it has been slammed with in the past

How Small Businesses can use Blockchain?

If you keep tabs on the technological world then there is no way you could have overlooked blockchain. Just like any other revolutionary technology, blockchain is currently showing lots of promises and soon it will become one of the most impactful technological evolutions. This is one of the main reasons why the total blockchain investment reached around 3.08 million dollars and it will continue growing in the future as well.

If you are already aware about blockchain then you must be also aware of the fact how it has completely changed payments. There is no denial in the fact that blockchain started with payment but now it has become much more than just a tool for improving payments.

Here are some of the best ways small businesses can use blockchain without burning a hole in their pocket.

Proof of identity

You should know that blockchain contains many blocks of untamperable data and this is why it is considered an excellent tool for providing vital data. In the modern era, identity theft has become one of the biggest worries for most of the firms and people out there and blockchain is the best way to prevent it.

In a similar manner, blockchain can be used for verifying new business partners or it can also be used for checking the credentials of an employee and their work history. So, we can say that blockchain can be used as a protector and proof of identity.

Validating supply chain

If you are running a small business where you are already validating products with the help of blockchain then instead of limiting the applications of blockchain to product validation, you should start using it for the supply chain as well. This will allow you to easily track where the different parts of your products are coming from and it will also help you in showing your customer that your supply chain has no complications and it is completely clean.

There are many small firms out there that have already started using blockchain for validating their supply chain and they have been quite successful with their approach. In the modern era, customers will be really interested in buying a product from a company that uses a supply chain in which there is no involvement of child labor or there are no inhuman working conditions.

Protecting intellectual property

We are living in a digital era and this era might have given us many benefits but it has come along with many challenges as well. One such challenge that people have to face is regarding their intellectuals properly. In the digital era, protecting intellectual property has become quite challenging but you can overcome this challenge by using blockchain, especially if you are running a small-sized business.

You should know that you can use blockchain for keeping your intellectual property safe, regardless of how or where you publish it. But this is not it as even while selling the intellectual property to your customers, you can stay safe if you will start using blockchain.

Controlling advertising

With new products being launched virtually every second, it has become really difficult to make your ads stand out of the crowd, especially when the whole ad landscape has become crowded. And in such a crowded market, how can you make sure that your ads are hitting the right target? Well, you can do this by tracking traffic with the help of blockchain.

A consumer that will open your ad will create a blockchain record for you and this will allow you to check the different circumstances of your ad’s delivery. But you should also know that this will go both ways as when you will start using blockchain then you will also be allowing your customer to see how you are handling the data. This is why you will have to use it wisely and make it the star of your firm.

Blockchain is soon going to be one of the most revolutionary technologies out there but it will take some time for this technological miracle to mature and become a new normal for everyone out there. If you are running a small business then you should start looking for ways to harness the power of blockchain as soon as possible.

Author Bio

Kashyapi Prajapati has been involved in the world of accounting software, SEO and cloud computing from a very long time and currently, she is working as a lead content writer with Cloudwalks, a QuickBooks on the cloud hosting which offers affordable QuickBooks hosting pricing. Cloud computing and SEO is what she eats and drinks.

India’s Telangana State Partners with CasperLabs for Seamless Blockchain-Powered Government Processes

India’s Telangana State has joined hands with CasperLabs to revamp operations using blockchain technology to stimulate more secure, efficient, and sustainable government processes.

As a leading blockchain software company, CasperLabs will render an open network that will boost entrepreneurship opportunities for the public and private sectors in Telangana.

Furthermore, blockchain initiatives are expected to empower government officials and policymakers with more insights for better decision-making. 

Jayesh Ranjan, the Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government acknowledged:

“Casper blockchain not only offers unparalleled advanced technology, but also offers key insights to the industry that will be instrumental in our blockchain development efforts.” 

By lowering blockchain’s barrier to entry through a sustainable platform, CasperLabs intends to revolutionize operations in Telangana through blockchain applications

Ranjan added:

“We are excited to announce this endeavor and create new opportunities that will benefit both CasperLabs and the State of Telangana and its residents.”

Mrinal Manohar, the co-founder and CEO of CasperLabs, pointed out:

“The State of Telangana has emerged as a technology advanced government and global blockchain leader, recognizing the potential this technology holds. We’re proud to be the blockchain provider of choice for this ambitious effort and look forward to advancing blockchain adoption to help improve the lives of citizens of the state of Telangana.”

Telangana has been at the forefront of blockchain adoption.

For instance, the state deployed blockchain technology to stamp out fake academic certificates after the US Embassy raised concerns that some students and employees were applying for Visas using fraudulent papers. Therefore, the blockchain-powered system made the storage of academic records immutable.

Moreover, Telangana established a blockchain-centred incubator in collaboration with reputable educational institutions to spur innovation. 

Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO

Since the crypto industry is growing at a frantic pace, blockchain analytics can help fill the void of curbing money laundering and cybercriminal activities, according to Raj Chowdhury, the CEO of HashCash Consultants.

“There has been a conscious effort in implementing stricter crypto regulations worldwide. Blockchain analytics will play a crucial role in decision-making processes for organizations dealing with crypto and blockchain technology,”  said Chowdhury. Blockchain analytics is believed to be constructive in establishing order and propelling sustainable growth in the crypto sector. 

Blockchain analytics render actionable insights that help enterprises comply with regulatory protocols regarding cryptocurrencies. Chowdhury said:

“The playing field required for innovation must not compromise the achievements we have made so far. Like any technology, blockchain is not immune to misuse. Hence the regulation is a necessity not only for AML compliance but also for developing blockchain research and the global crypto-community.”

As the cryptocurrency space continues grappling with the challenge of various lending and DeFi projects facing bankruptcy, Chowdhury has advocated the importance of crypto education when averting high-APY DeFi scams.

Rand Low, a quantitative risk modeller and senior fellow at the University of Queensland Business School, recently highlighted the importance of regulation and capital controls in fast-growing crypto lending platforms.

Low acknowledged that this would prevent depression and crashes in the market because the uncertainty rocking crypto lending entities like BlockFi, CoinLoan, and Celsius Network was causing panic selling. 

A recent Wall Street Journal (WSJ) report disclosed that Celsius took more risk than it could handle because it had a total asset base of $19 billion. In contrast, its equity contribution was pegged at just $1 billion. Therefore, blockchain analytics can help prevent such trends by rendering more transparency and insights. 

Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says

Blockchain technology has the capability of revolutionizing government structures from the whelms of archaic processes to modern ones, according to Cardano founder Charles Hoskinson. 

Speaking on Yahoo Finance’s The Crypto Mile, Hoskinson disclosed that blockchain technology promises to generate better governance on a global scale. 

For instance, this cutting-edge technology can create a tax revenue system that is open source, enabling everyone to see the origin and destination of the money collected.

He pointed out:

“The point of cryptocurrencies and blockchain technology is to take those resources that should be a public good, and if they’re digitizable, get them into a situation where they’re completely open, and basically then build businesses on top of that. But the underlying infrastructure is no longer controlled.” 

As society transitions into a global one, Hoskinson believes blockchain can enhance interconnection by enabling secure and seamless data transfer. He added:

“In a global society, you don’t want one actor to have complete control over critical things and resources.”

Blockchain enhances transparency, which plays an instrumental role in boosting public accessibility. Hoskinson stated:

“The poorest and most vulnerable person in society has equal access as the president of the US, and there has never been a time in human history that that has been the case.”

Additionally, the autonomy presented drives away the worry of having one controlling entity. Hoskinson added:

“Instead, you have a situation where no one entity is in control. It is a better way of doing things with less friction, fraud, waste, and abuse, and more transparency and ultimately less consolidation of power.”

Meanwhile, the value of the global automotive blockchain market is anticipated to hit $2.23 billion by 2027, according to a study by Research and Markets.

Therefore, blockchain technology is expected to streamline procedures by rendering immutable storage to curb fraudulent activities like tampering with vehicle mileages. 

Global Blockchain in Retail Market to Hit $3.27B by 2028

Heightened demand for the worldwide blockchain in the retail market is expected to drive its value past the $3.27 billion mark by 2028, according to market research organization Facts and Factors. 

With a value of $137.17 million recorded in 2021, the market is anticipated to set a compound annual growth rate (CAGR) of approximately 57.32% during the forecast period between 2022 and 2028.

Per the announcement:

“Retailers may provide their customers features like record-breaking customer care, traceability, real-time information, and on-time delivery information thanks to blockchain in retail solutions.”

Moreover, blockchain technology plays an instrumental role in showing the precise location of different products, as well as their safety and reliability. 

Therefore, the need for enhanced transaction transparency-based solutions is a factor that is anticipated to spur growth in the global blockchain in the retail market.

The report noted:

“Low-cost, secure, and speedy payment processing services are made possible by the blockchain in retail because of the usage of encrypted distributed ledger technology.” 

Companies like Loyalty Inc. have already set the ball rolling in this market. For instance, it launched a supply chain traceability system in December 2020 that enabled retailers and owners to document the custody chain from the point of origin to the record importer.

The report segmented the global blockchain in the retail market based on region, end-user, application, and product type.

Facts and Factors pointed out:

“On the basis of application, the market has been segmented into supply chain management, food safety management, customer data management identity management, compliance management, billing transaction processing, and others.”

Meanwhile, some of the primary competitors dominating the global blockchain in retail market include IBM, Oracle, Microsoft, Bitfury, Abra, Bitpay, and Blockchain Foundry. 

On the other hand, the digital asset management (DAM) market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a recent report by SkyQuest Technology Consulting.

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