A $16Trillion Industry, The Power of Exponentials, 6 web3 Books, & More
Future Essentials - Edition 46
This week was another super interesting one, packed with new developments in technology and the future.
Enjoy the read!
Misha
Here’s what you’re getting in this edition:
The power of exponential change
Tokenization of real-world assets—a $16 Trillion industry
ZK Microphone: Trusted audio in the age of deepfakes
A new patent from Apple: BioSignal Sensing Device/EEG-integrated AirPods
The Indian Startup Making AI Fairer—While Helping the Poor
6 books that will make you smarter about crypto & web3
6 books that will make you smarter about AI
Podcast: Exploring Decentralized Systems and their Intersection with Generative AI
A short meditation for stress relief
A question to ponder
The power of exponential change
Life in the 21st century is changing at an exponential rate. But our brains are linear, and we struggle to intuitively understand exponential change.
Take a look at the figure below. The third column does not make human sense.
Yet we’re facing exponential change on all sides. We must evolve!
Tokenization of real-world assets—a $16 Trillion industry
By 2030, tokenization of real-world assets will be a $16 Trillion industry.
It will transform real estate, private equity, stocks, bonds, and most forms of investing.
Click on the image to read the full thread.
ZK Microphone: Trusted audio in the age of deepfakes
The ZK Microphone is the world's first attested microphone and used ZK-SNARKs to protect authenticity and privacy. It can help provide trusted audio in the age of deepfakes.
Generative AI and deepfake audio pose a large danger to society. This revolutionary technology will bring large negative externalities caused by bad actors.
It enables disinformation and mass-creation of false narratives and media, manipulation of information, state-level political strategies, and poses a significant threat to democracy, especially as we enter the next round of presidential elections, with many adversarial actors ready to leverage this new technology to their selfish benefit. The solution is - ZK attested microphones. LINK
FE Take: Generative AI brings a slew of problems, including deepfakes. It’s super exciting to see the web3 ecosystem taking on the challenge and creating solutions.
A new patent from Apple: BioSignal Sensing Device/EEG-integrated AirPods
Apple recently received approval of a patent to incorporate sensing electrodes into AirPods for detecting biosignals such as EEG, a measure of brain activity. The patent also indicated the potential to collect the wearer’s biometric data via EMG (muscle activity), EOG (an eye measurement), ECG (heart activity) and heart rate. The provisional patent application was filed in Jan. 2022, completed in Jan. 2023 and published late last week. Apple has been developing such sports monitoring features for years, with initial patents on the topic approved as early as 2014. LINK
FE Take: Big Tech continues on the rampage for our data. It’s the most lucrative resource on the planet. Be careful what you’re giving up each time you interact with a Big Tech device.
The Indian Startup Making AI Fairer—While Helping the Poor
Karya, is a non-profit startup launched in 2021 in Bengaluru that bills itself as “the world’s first ethical data company.” The startup Karya already has a list of high-profile clients, including Microsoft, MIT, and Stanford.
While it sells data to big tech companies and other clients at the market rate just like its competitors, instead of keeping much of that cash as profit, it covers its costs and funnels the rest towards the rural poor in India. (Karya partners with local NGOs to ensure access to its jobs goes first to the poorest of the poor, as well as historically marginalized communities.) In addition to its $5 hourly minimum, Karya gives workers de facto ownership of the data they create on the job, so whenever it is resold, the workers receive the proceeds on top of their past wages. It’s a model that doesn’t exist anywhere else in the industry. LINK
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6 books that will make you smarter about crypto & web3
6 books that will make you smarter about AI
Exploring Decentralized Systems and their Intersection with Generative AI
On this latest episode of EY Better Innovation, Jeff Saviano talks with Kevin Werbach, professor of Legal Studies and Business Ethics at the University of Pennsylvania’s Wharton School.
Decentralized systems are evolving at a dizzying pace. How are these systems solving real-world problems today? What is a DAO and how may this new form of business organization disrupt the status quo? How can we ensure new Web3 regulatory frameworks protect citizens without stifling innovation? LINK
A short meditation for stress relief
Guided meditation is a stress reduction technique that can be done anywhere. Take a stress-reduction break with this short meditation for stress relief.
FE Take: This era of exponential change is stressful for everyone. Take care of yourself.
A question to consider
What would you do with your future if you knew you could not fail?
Feel free to share your thoughts in the comments.
Your exploration of the exponential change and the tokenization of real-world assets resonated with my experiences in the regulated technology sector. Keep up the enlightening work, your articles are a beacon for those of us navigating the complex landscape of AI and its implications.
Thank you Misha. I'm really enjoying the info and style of your newsletter. The book recommendations are great.