This post is a guest contribution by George Siosi Samuels, managing director at Faiā. See how Faiā is committed to staying at the forefront of technological advancements here.
With the rise of artificial intelligence (AI) and the proliferation of data-driven business models, the potential for a shift from surveillance capitalism to digital totalitarianism is no longer just a sci-fi trope—as mentioned by James Cameron in this tweet—it’s a real and urgent concern. As profit-driven tech giants increasingly harness data en masse, some advocates see blockchain technology as a solution to potential conflicts of interest in AI. However, the path to realizing this vision is fraught with technological, political, and trust-related challenges.
The surveillance capitalism threat
Surveillance capitalism, as coined by Shoshana Zuboff, describes a system where companies like Google (NASDAQ: GOOGL), Facebook (NASDAQ: META), and Amazon (NASDAQ: AMZN) profit by collecting and analyzing user data to predict and influence behavior. What …