On October 6, the Antitrust Subcommittee of the U.S. House of Representatives released a digital economy competition investigation report, listing the large-scale monopolies used by Apple, Amazon, Facebook and Google, and giving related solutions. According to reports, this report is based on the transcripts of 7 congressional hearings, nearly 1.3 million internal documents, submissions from 38 antitrust experts, and interviews with more than 240 market participants and former employees of the platforms under investigation.
This 449-page report describes the development history and problems faced by the United States and technology giants. Among them, there is no lack of the monopoly market phenomenon that has been formed for a long time by these four companies to suppress competitors;
We know that when a company is strong enough in a certain industry, there will be tangible or Invisibly, there will be a certain monopoly phenomenon, either in technology or products. This is nothing more than maintaining its leadership position in the industry; but for the country, this phenomenon will obviously curb the innovation of other companies. and development, which is not conducive to the progress and stability of society.
We have all known for a long time that these companies have a monopoly on industry products, and this is not the first time that they have been investigated for their monopoly; and this time, 449, who was eliminated, also reported, Obviously, they have made sufficient investigations and preparations, and they have also given certain solutions; they even compared these companies' monopoly on existing industry technologies and products to the kind of monopoly giants we once saw in the era of oil tycoons and railroad tycoons. .
But for people who are engaged in blockchain, they may find a different meaning;
Apple, Amazon Although , Facebook and Google all have their own monopolized industries, they are all Internet companies, and the growth of the Internet benefited from the United States' original split of telecommunications, railways, and even oil monopolies. Well, since the United States can forcefully break up powerful oligarchs, it is not impossible for these Internet companies to see this happen in the future. So, to achieve this, new technologies need to emerge to influence and change the Internet industry; and as a decentralized blockchain, it is likely to shoulder this important task.
Taking social media as an example, social media based on blockchain is likely to benefit from the confrontation with Facebook. According to statistics, since its inception in 2004, Facebook has repeatedly prevented the leakage of personal information; in 2006, 2007, 2008, 2010, and 2018, this situation has occurred again and again. For the majority of users, they may have already felt If there is any alternative, I believe they will resolutely choose to change;
And decentralized social networking may really be This can be done; if a social media, personal information can be encrypted using blockchain technology, and then the individual saves the private key, and all requests to retrieve personal information require the individual's permission, then this situation can Greatly improved; this is of great significance to the majority of users who pay more and more attention to the protection of personal information.
After the release of Netflix’s new documentary titled “The Social Dilemma,” many users are reconsidering the need to have accounts like Facebook and Instagram. "The Social Dilemma" has been hailed by the media as "the most important documentary of our time". It reveals how technology companies influence national elections, "track" billions of people on the Internet, serve them targeted ads, and come up with ideas. Features that lead to their addiction.
As young people in the new era, they may hate the impact of this situation on themselves;
Seek to make Internet intermediaries more neutral and open, so that they can be separated from those who can use their accumulated The control of information by powerful third parties for their own purposes seems to be a fairly clear use case for turning to apps and websites that are decentralized in nature. In other words, the kind of infrastructure that the blockchain community has built over the past decade.
Blockchain technology has decentralized characteristics; after years of research and development, DAPPs and decentralized social platforms using this technology have emerged, such as VOICE , a decentralized content platform, or even a decentralized retail market or the use of blockchain in products for traceability or product ownership verification, etc.; what I believe is that with the improvement of the blockchain industry infrastructure, then Most of the technologies or industrial applications related to the Internet will appear on the blockchain;
In this process, you may experience From prosperity to chaos to a complete explosion of applications, and then to the emergence of phenomenal applications, it will eventually return to the situation of monopoly; perhaps this is the development process of society, there are great similarities; at the same time, in a few years Later, there will be a new technology that breaks this monopoly and creates new technologies and application forms; however, there is no doubt that the next long period of time will belong to the era of blockchain. We must not miss the opportunity. right.