Blockchain technology is now used in many industries for data verification and storage but the next wave of working with data will almost certainly center on the combination of blockchain technology and Big Data, combined with better methods of data interpretation. This will allow us to bring Big Data tools in line with contextual understanding and to help individuals and companies make decisions which will drive the new paradigm in development.
Digital Services for Personal Development are Prevailing over Traditional Ones
Traditional consultants such as life coaches who help people to make right decisions are expensive and no-one can make sure whether the method a particular consultant practices is valid or not. Unlike consultants, applications generated and deployed on the blockchain will be continuously checked on the decentralized network. Consumers of these services will be able to use the application in any place and consultants will be able to develop projects, digitize them, and get access to a larger audience on the basis of ecosystem.
The Problems of Modern-Day Development Apps
Today, there are a lot of apps centered around analyzing one’s personal data according to several methods (personal data interpretation tests). For example, an app like Remente asks you to fill in a questionnaire to assess personal development. Upon completion, the system analyzes the data and provides users with recommendations on strengths and weaknesses found by the algorithm.
The first problem with these apps is that they are nonsystematic and each of them gives different answers to particular questions. The second problem is that it’s difficult to improve methods on the basis of how differing apps interpret dat, because data collected is not stored in one place. Much could be improved by harnessing the collective power of these apps and synergizing data inputs and outputs.
Personal data interpretation methods help to understand personal traits; what motivates people, their likes and dislikes, and more. In the mass market, methods such as IQ tests, Myers-Briggs, and Astrology tests are commonly used.
At the same time, there have been huge advances in knowledge, resulting from studies about the brain. What’s interesting about that is that they can offer us much deeper personal analysis when applied to our pre-existing knowledge on personal characteristics and brain chemistry.
Source/More: For the greater good: how blockchain technology will be the new way of accelerating personal development
