- Blockchain-based decentralized nodes are one of the key factors to break free from the data concentration by big tech.
- For a decentralized internet to work, users should be buying into nodes and developers shall use these nodes to build software.
Almost every organization in the world is now becoming a software company. For e.g. many experts believe Tesla to be a tech company besides being an automobile giant. Not Tesla alone but Uber, Lyft, TikTok/ByteDance, Robinhood, and many others are examples of tech companies. Meaning to say, the penetration of software has grown extensively into the day-to-day operations of global organizations.
The COVID-19 pandemic has further accelerated the use of software as more and more companies moved digital over the last two years. Thus, for any key global leading organization, software tech is a key part of its recipe for accelerated growth.
A decade back, Marc Andreessen’s 2011 landmark essay, “Why Software Is Eating the World,” specifically speaks of how ‘software’ will play a dominating role while proving to be invaluable in every aspect of modern life.
But the software used by different organizations has also evolved over a period of time. Over the last few years, we have been seeing big tech companies competing over cloud-based technologies. A decade back, Andreessen explained the power of cloud computing, an industry that has quadrupled from $77 billion to $411 billion, over the last decade.
Blockchain taking over the software revolution
Blockchain technology has been here for the last decade and is now getting even more popular with people willing to make things decentralized, considering how much data the big tech has concentrated in their servers.
Bitcoin changed the notion of money while allowing people to think deeper about the exchange of value. As blockchain technology is advancing, it comes with the ability to break data into small chunks. This helps further in achieving the decentralization goals and not concentrating everything in one spot. Also communicating across blockchain networks is getting easier with time.
Michael O’Rourke, co-founder and CEO of Pocket Network explains how nodes will define the new internet order. He explains how blockchain-based nodes can lead to the decentralization of power while not submitting to the whims of big tech. In his recent story with CoinTelegraph O’Rouke explains:
Web3 and the projects it will birth promise to redefine how information lives and is carried through the internet autonomously and transparently. Decentralization-first and community-first ecosystems promise to put power back into the hands of developers and, thus, the users who will use their decentralized applications (DApps) and software. This will allow for a common framework that promotes best practices and economies of scale that will be able to compete with the largest centralized entities on the internet.
He further added that developers and users have to collectively contribute to building trust in decentralized systems. This “trust” is one of the biggest leverages for big-tech companies to grow so huge. For a decentralized internet to work, users should be buying into nodes and developers shall use these nodes to build software.