According to technology engineer Nick Macario, what is creating Bitcoin-mania may soon break the recruitment, by overthrowing Facebook and LinkedIn and returning ownership to individuals.
On 5 February 1637, the children of the Dutch keeper, Wouter Bartelmiesz, gathered the property of their late father for a large auction in the town of Alkmaar. Among the exhibits is a small botanical collection that attracts both modest locals and the wealthy to the auction house. For many, public events are a pure event. For the deft hand, there are special items promising bizarre, unprecedented wealth: tulip bulbs.
Newly introduced from Turkey to the Netherlands in the late 1500's, tulips became the hottest industry of the day. A poet who writes about the Dutch tulip trade: "The people who see the profit that some people make out of their tulips every year will believe that there is no better Alchemy than agriculture."
Tulips are highly regarded for their rarity, as new investors begin to liquidate their assets and engage in risky ventures. The price of tulips has increased when some specimens are altered, after a non-fatal mosaic virus that causes irregular color patterns on the petals. Gardens around the plains scrambled to keep the rare flowers in stock, and between December 1636 and January 1637, their prices doubled. The speculation about higher prices may increase. Tulips have become a futuristic market.
At the Alkmaar auction, a buyer paid 21,000 guilders for a batch. Enough to buy two great houses on Amsterdam's most beautiful waterways, Keizersgracht, or the Emperor's Canal (where today, one floor of one of these canal homes is easily worth a million euros). In about a couple of hours, Wouter Bartelmiesz's child went from poor orphaned children to wealthy ones through godfather collections, and at that moment, when the tulip supplies, racing to meet Bridge, quickly crossed it.
A few weeks after the auction, the seller determined to overwhelm the market, creating a domino effect at lower and lower prices, causing many shoppers to panic and any potential buyers. Which is running on the sand dunes. In a model that has taken place many times since, with less recipients and an oversaturated supply, the market imploded. So bad that the federal government was forced to intervene, reconcile, and settle disputes.
"Tulip mania" is often considered the first speculative bubble in modern Western history. Today, many people believe that investing in Bitcoin is the latest.
Citigroup CEO Ken Griffin said the price would be close to $ 20,000 by the end of 2017. The value would fall dramatically between December 2017 and February 2018, and despite a slight increase in month Over the past three years, the current price tracking tools have shown a declining trend.
Says Nick Macario, co-founder of dock.io and chief executive of Remote.com: "All the speculation between the cryptocurrency price makes people finally question how no physical object favors price. treat.
Although the risks of investing in commodities such as gold and silver - no mention of tulips - are well known, Macario recognizes an important difference: "People accept gold as currency Because it is an object, they feel there is an explanation for why gold may have value, however, that value is disconnected with utility as gold. "
For those who trade in adrenaline toys, that does not matter. For skeptics or inexperienced beginners investing in technology can even be explained. At least with tulips, everyone agrees that they are beautiful flowers admirable. What are bitcoins, nuts and bolts that make it work, almost too abstract to explain fully here. So we will not. Not just given.
This is where future followers such as Macario appear. A founder came up with four companies and the honor of getting rid of the two, he's here to unravel the technology that Bitcoin offers to mania, the light of this, if you want. It's called blockchain, and "sometimes called a pyramid scheme," Macario said. "There is a lot of distrust because many people do not understand it fundamentally. Blockchain technology is not just for cryptocurrency, though it's the most widely used application for it."
Macario is using blockchain to provide its latest project, dock.io, launched this year, connecting millions of job seekers on a hierarchy, one he believes will face Facebook and LinkedIn, without the limitations of user mobility.
The way it works now, professionals build profiles, reputation and experience on social networking platforms and closures like Facebook, Reddit, LinkedIn, even Twitter. But what happens when you decide to transfer your personal information to another network? It can not be done.
Macario claims that blockchain has greater potential than cryptocurrency or freeing your data from Facebook. Macario claims, perhaps unexpectedly, that the blockchain is about to disrupt the recruitm industry.
Imagine: when you update your profile with a new job, it automatically syncs and updates all at once, on all platforms, saving you time and optimizing processes. Your online. dock.io also promotes the manual job of the recruiter as background checks. For a candidate, deciding which application can access your data is as simple as turning it on or off.
"We are empowering so many users," said Macario. "We will build the largest and most complete data source on an individual."
Given the current climate of huge data leakage and growing cerns through the sale of browsing history to advertisers, Macario's claim to free-sharing online records seems undesirable, but the Logbooks on the blockchain are constantly updated with ac-to-peer peer-to-peer protocols, and are protected by a cryptographic layer scattered over multiple points, or "nodes." Any unauthorized changes will require large amounts of computing power to access the control buttons (minimum 51%) of the nodes, and modify them. The bigger the network, the harder it becomes.
Although the dock.io network may still be in its infancy, it is expanding rapidly and attracting a lot of attention. In February of this year, dock.io completed its initial coin offering (ICO) - the scam level of an initial public offering of more than $ 20 million through sales. DOCK Notifier. These tags determine how data is accessed and shared through the dock.io protocol. Transactions of data exchange between applications and users on dock.io are subject to the cost of the token. This exchange card also works to ensure data quality, since the applications are just rewards cards when other applications validate the same data on their network. DOCK tags also allow the holder of the coupon to affect the future direction of the protocol as dock.io increases in the coming months, just as stockholders in a traditional corporate structure.
"We can create a powerful network for tracking systems and other CRM systems, because they have more data to build more features, better recruiting and make better decisions ".
Like the other Blockchain students, Macario's advice was a public burden. But Macario knows that even when broken down into the most basic elements, the blockchain theory is also crazy to read the Samsung TV manual. In Korea. But this is technology that can change your life sooner than you think, so try.
A blockchain is a digital record of the record, organized into blocks. These blocks are located on servers called nodes, with any computer that has a node connected to the network and associated with other machines, like a chain. Each node maintains a copy of the ledger and notifies the other nodes of newly submitted or verified new transactions, allowing information to be distributed securely throughout the network without administration. the center. This can happen because the blockchain transactions contain proof of their validity and authorization, rather than requesting a centralized application.
Blockchain's distributed database synchronizes data across all nodes in the chain and protects them with advanced cryptography, meaning that all data on the chain is transparent and unchanged. According to the nature of the hierarchy, blockchain is extremely difficult to hack, and global businesses include Walmart, FedEx, UPS, British Airways and Maersk of the Netherlands, using blockchain to track chains. supply, arrange and secure international shipping, resolve customer disputes, and standardize global trade and finance.
Even non-profit organizations, fashion professionals, and musicians are tightly integrated into their business practices. Fabulous for Macario and his cause, great ability for recruiting; Not good for anyone waiting for the next Kanye application to leak.
For job seekers, the blockchain value is obvious. They own their data and can share it anywhere and with anyone they want, on a secure, verified and decentralized network. After the hiring process, blockchain can protect employee data from tampering and unauthorized changes, as the data can only be modified with the approval of all links in the chain.
"Instead of controlling user data," Macario suggests, "companies will realize that their model is creating a better network and delivering better." Although Macario ensures the ultimate goal is working with large platforms, he confidently states, "We do not need Facebook or LinkedIn to develop a huge network."
Through direct registration, the dock.io network has grown by 100 thousand new users every month. "Not a lot of Facebook's 2.2 billion or 500 million on LinkedIn in the last quarter, but" when we started to scale up, it was through collaboration with companies like SmartRecruiters. " "There are 12 million job seekers per year, who are not yet online dock.io. Once we started integrating them, and then plugged into hundreds of other networks, we were able to scale to build a larger network of LinkedIn, and implement it without LinkedIn. "
Although the balance of power of the internet may fluctuate under the coming data security laws, both in the United States and abroad, until the control of the data returns to the individual hands, Macario will not be happy. well, we will not necessarily be safe. However, dock.io is very important in moving the needle to empower individuals around the world and removing the power systems provided to companies like Facebook who have enough control over the Maintained a scandal like Cambridge Analytica in the long run.
So as long as Bitcoin and others like it are still more abstract than something to pay for your grocery store, the cryptocurrency market will remain unstable. But instead of fixing the nature of the tulip-bulb of the volatile stock of technology, Macario seeks to understand the abstract value of blockchain that can predict something as stable as the second appearance of the gold standard. .
"It's just a matter of who controls the data," he said. "I think in the end it will be a user, and I hope we can do it in the short term." Data will always be the most valuable resource. "