Geopolitical Analyst George Friedman Says Blockchain Will Become Obsolete
George Friedman, a geopolitical analyst, says the blockchain tech will become obsolete someday, reports CNBC, June 15.
Friedman is the author of the famous book “The Next 100 Years: A Forecast For The 21st century” and a founder of an online publication called Geopolitical Futures, dedicated to predicting the future trajectory of international affairs. He told CNBC that he’s yet to know about an encryption technology that has not broken at some point. He added that he doubts “between China, Russia, and the US intelligence services” the tech cannot be decrypted. Furthermore, he said:
“It’s useful. It’s visible, at some point it’ll be obsolete.”
According to Friedman, blockchain tech is one of the many hypes people are benefiting from, and therefore, making unbelievably extraordinary claims about it.
In January this year, Christopher Wray, the FBI (Federal Bureau of Investigation) director, announced stats about information security and encryption at the International Conference on Cyber Security. According to the provided statistics, the Federal Bureau of Investigation failed to crack over 7,800 devices containing information the FBI considered important for the ongoing investigations from 2016 and 2017. More than half the encrypted devices proved to be inaccessible, Wray added.
It was revealed in March that the US NSA (National Security Agency) is reportedly able to locate BTC (Bitcoin) users from all around the world, using a system where it harvests, analyzes, and processes raw global internet traffic with the help of a software disguised as a famous anonymizing software.
A private internet surveillance program enabled the security agency to monitor communications, and thereby, pull data straight from the fiber optic connections forming the internet undergird.
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