Many people associate blockchain technology with trading cryptocurrency, but that's not all it can be used for. Businesses of all sizes are integrating it into their workflow. Gene Marks, CPA and Washington Post Business Columnist and Rob Marvin, Associate Features Editor at PC Mag join This Changes Things to discuss the applications of the technology.
One of the main reasons why Marks is excited about blockchain is because it will make accounting and auditing a lot easier for companies. He believes having all the data automated onto a system will create fewer errors and save time when paying employees or vendors.
On the technical side of things, Marvin says that some companies are hesitant to incorporate blockchain because they think they need to create their own platform. He points out that large corpoations now offer blockchain services where you can buy the platform already acssembled for your business needs.
Head of Instagram Adam Mosseri is slated to testify this week in front of the Senate Commerce Subcommittee after a Wall Street Journal report that found the Meta-owned social media platform is negatively impacting the mental wellness of teen girls.
Elon Musk confirmed via Twitter that Tesla's eventual first Cybertruck will be updated to include 4 motors, 4 wheel steering, and a crab mode — like some of its competitors. Andrew Hawkins, a transportation reporter for The Verge, joined Cheddar to talk about how the new Cybertruck positions Tesla in the EV space as more automakers make up ground on the industry leader. "I think that this is actually Tesla saying, hey, if this is what the market wants, then we better put our best foot forward and respond as best as we can," he said, noting companies like Rivian and Hummer have already touted these features.
Cathy Hackl, CEO of Futures Intelligence Group, joins Cheddar to talk about the future of the metaverse, and how companies are making moves to become a part of it.
