In the Pew Social Trends Survey in 2014, only 19% of millennials agreed that “overall, most people can be trusted”, while the baby boomers have 40% and the Xers have 31%.
The reasons why millennials lack trust are in endless analysis and debate, coupled with the economic recession puts them in trouble. Coupled with the unstoppable biases, corrupt politicians and special interests-driven policies, a ruthless job market, the inevitable, anxious social media environment is creating a bad trust environment.
"When we think about the development environment in which young Americans are living, we find that lack of trust is a survival adaptation," Malcolm Harris wrote in his 2017 book Kids These Days. "It's a miracle that millennials can be able to get enough confidence to get out of the house."
blockchain could be the most typical technology of a generation. As one of the most disruptive inventions in history, blockchain provides us with the opportunity to solve at least two of the greatest human struggles: building an economic model that truly operates on a large scale, and helping us find a way to get rid of our suspicious human nature and build trust with each other. How does the
blockchain affect the younger generation?
's simplest description of blockchain is the "distributed public digital ledger", a technology that connects people's information to the network for quick, automated and non-corruption transactions and identification. This technology has an impact not only on finance, but also on almost all aspects of interpersonal relationships and cannot be ignored.
Considering the potential of blockchain, it is incredible that the millennials with distrust are leading the trend, and they expect this technology to reshape new economic and social structures. Last May, Eva Kaili, a member of the European Parliament, said: "Young people discovered this technology, making it unnecessary for banks, politicians and intermediaries." "I know that politicians and banks don't usually want to change, they want to maintain control, but I think this technology is unstoppable and we have to return control to citizens, maybe so that we can regain trust," she continued.
The EU (EU) should pay attention to this issue, just like other countries in the world. Kaili has found a bigger trend among millennials: they don’t trust people, but they trust technology more; They are driving a large-scale transfer of social trust, from human institutions to anonymous algorithms and technology networks.
Writer Adam Lent captured this spirit in his 2016 book Small is Powerful, praising the role these technologies play in helping millions of people start businesses, achieve self-employed, and get rid of the control of big businesses and big governments. He believes that this is all part of the "small revolution" to create a fairer, more stable and richer world.
Of course, he is very interested in blockchain. “In the decades to come, blockchain technology will bring about a rapidly decentralized world with the desire for autonomy. Since the beginning of the 20th century, many large hierarchical organizations have dominated governments and commerce, and today they may face threatening challenges.
Blockchain transformation that cannot be underestimated
relies on a globally connected blockchain network to reshape the world into a small alliance, reminiscent of Dunbar’s number, which is very ironic. But it may work. “Reputation-based exchanges are the business practices of most people in the past,” Josh Klein for World Economic Forum wrote. “This remains the primary way for one of the world’s largest economies to transfer value: the black market … leveraging the black market through trust exchange systems or digital currencies like Bitcoin is not only a viable option, but also a more preferred option. ”
Blockchain is not just a technological innovation that makes the existing global economy more efficient, it is a new model; the technology controls the scale of global human networks and empowers individuals to operate within the local framework of their control to gain trust.
But when will it be so easy? Blockchain could become one of the biggest progress traps in history. “It could further strengthen the centralized power of businesses and government,” Ian Bogost wrote in a reflection on whether the technology might go against the vision of its supporters, a path to authoritarianism.
Despite such a terrible threat, millennials are willing to try their luck on blockchain. They yearn for a future that they can trust is not dominated by dark global politics, powerful central banks and businesses, but a future full of new community spirit, social trust and technological liberation brought about by decentralized blockchain.
Author: Adam Winfield
Source:
https://www.forbes.com/sites/sap/2018/01/16/blockchain-can-help-millennials-build-a-world-they-trust/#12e4122689f9
