The Economic Forum futurist predicts that technology will continue to decentralize

MILWAUKEE – Blockchain, cryptocurrency and other technology trends will continue to bring about changes in human culture and affairs, according to Samantha Radocchia, author, blogger, speaker and entrepreneur.

“Crypto, or Bitcoin, at least in the mainstream media is dead, I think it’s 447 times since 2010. There is a record of that,” he said. Radocchia, who on social media is known as “Sam Rad”. He does not foresee an end for the cryptocurrency.

Radocchia made these and other observations as keynote speaker a Milwaukee Jewish Federation Economic Forum, June 7, 2022, at the Pfister Hotel in downtown Milwaukee. Radocchia, nominated by Forbes 30 under 30 in 2017, participated in a panel discussion with Jamie Finn, co-founder of Securitize; moderator Mike Gousha, senior consultant in law and public policy at Marquette University Law School; and Craig Schedler, chief executive officer, Northwestern Mutual Future Ventures.

Sponsors of the Economic Forum included the Milwaukee Business Journal, BMO Harris Bank and PNC, along with more than 40 others. Co-chairs of the event were Linda Gorens-Levey, partner of General Capital Group; David Lubar, CEO and President of Lubar & Company; and Greg Marcus, CEO and president of The Marcus Corporation.

After the June 7 event, Bitcoin, the popular blockchain-related cryptocurrency, experienced a steep drop in value. Related businesses reported layoffs. But Radocchia has not lost faith, retweeting a positive message on Twitter: “Don’t lose sight of the big picture. We are building an open and permissionless world. It will take decades, not years. Close the computer, zoom out, go for a walk. Just don’t give up “.

“I just share what’s happening and I don’t necessarily think everyone should be using the blockchain,” he said Radocchia, at the event on 7 June. He explained the blockchain as a digital ledger – “at the end of the day, only transactions are written to a record, and those records are chained together in a series of blocks. “The blocks are duplicated and disseminated on computers everywhere, all connected to that blockchain, to keep track of them cryptocurrency or other information.

Radocchia sees blockchain – which steals currency from the hands of a central government – and other technologies as having a decentralizing impact. “Blockchain and decentralization in general are the operating system of the future, “he said.

Citing another example of the decentralization trend, he said, “We are seeing this new shift and operating system beyond private intellectual property … We have seen the sharing economy where most people don’t even own their own properties. , owns their own cars; are participating in travel sharing economies or beyond. But the question then is what is the next step for ownership?

“This is a decentralized future; it’s a totally new way of looking at things…. obviously, moving people to work remotely is a very literal example of decentralization. “

Radocchia has spoken blurring of realities between the physical and digital worlds, such as when, years ago, he sold digital T-shirts in a digital world, then exchanged the fake money he earned for real-world dollars. Technologies are converging, he said, coming to full-body haptic suits where you can feel everything in a metaverse, he said.

Speakers discussed various ideas, including the idea that these new technologies can be a place to invest a small amount of money that you can afford to lose, as well as the proposal that the use of blockchain could become an omnipresent necessity. , like having a web page.

Milwaukee Mayor Cavalier Johnson spoke briefly earlier Radocchia, asking for a focus on economic development, for the benefit of the people. “I would like all of the business community and community leaders in this room to engage with my administration, offering your ideas and assistance, because it will take all of us to work together in partnership to achieve for Milwaukee what we know the city can. be, “he said.

“The Economic Forum highlights the intersection of Milwaukee’s philanthropic and business communities,” said Miryam Rosenzweig, president and CEO of the Milwaukee Jewish Federation, who also spoke to several hundred audiences before the presentation began. “We share many of the same goals and depend on each other to be successful. We all want to ensure that young professionals come here and stay there. You just heard our mayor say that’s one of his goals. We want fresh leaders and true family membership to make a life here, make a difference here. This is the best way to strengthen local business and, in turn, our entire community ”.

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