Today we are living in a world dominated by huge centralized tech giants like Google, Facebook, Twitter, Linkedin, Snapchat, etc. Those companies have risen their technology level with the help of the brightest IT minds in the world. They are a "place to go" for any aspiring tech developer or enthusiast. At least, that was the picture so far. Recently, things have started to change. The rise of blockchain and cryptocurrencies has attracted a lot of bright minds towards them. Now, it is fairly expected for any aspiring tech enthusiast to enroll in some kind of a blockchain startup, rather than search for a career in one of the existing tech giants.
Tech giants have noted that and they are now creating their own blockchain sectors with the intention to keep bright minds at their disposal but it seems as though the cool cryptocurrency projects are outside of the influence of tech giants, states Olaf Carlson-Wee in a recent interview.
Olaf Carlson-Wee Analyses Newly Created Trend
Carlson-Wee has stated that he is not bothered by the price fluctuations on the cryptocurrency market. He doesn't think that is as important as some investors might think. Investors became wary of the crypto space as prices of cryptocurrencies crashed at the beginning of the year. Carlson-Wee suggests that the health of the industry might be better analyzed by noting current developer momentum of tech talent and that is certainly something that goes in favor of blockchain technology. A lot of blockchain-based new applications are being created daily and that will have its impact on the market outlook sooner or later.
Carlson-Wee also noted that currents developments in the blockchain sphere are making the creation of the blockchain architecture a lot easier than before. With projects like Dfinity and tools like WASM compiler developers can create blockchain architecture using the familiar programming languages. This also creates a massive influx of people towards blockchain.
He even thinks that the number of people working on blockchain technology could increase ten-fold. It seems as though blockchain has become a sort of an “outsider field” as the best things are being built by people that are deeply unqualified to do that. This just goes to show how blockchain can create amazing opportunities for people interested in the field.
Blockchain gives a certain amount of creative freedom to developers that they cannot get working for the tech giants. The shift towards blockchain did not go unnoticed for those companies. They started creating new sectors dedicated to blockchain technology like Google's blockchain-based sector Google X, which TheTokener already reported.
It will not be easy for giant companies to create something innovative in the blockchain space. Shift towards decentralization is a rather hard one for deeply centralized companies. It looks as though blockchain will continue to thrive outside the field of tech giants. That is the most likely outcome as the blockchain space is filled with creative and independent developers.
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