Imagine this: you’ve found your dream apartment and you want to close the deal. But instead of dealing with realtors, lawyers, and banks, you just enter a passcode, and you’re done.
“That’s just one example of how I think the blockchain will come to reinvent how business is done and consumer experiences,” Bryan Schreier, partner at venture capital firm Sequoia Capital, told Cheddar.
He says the technology could wipe out layers of inefficiencies and middlemen.
Schreier, who sits on the boards of Dropbox, Thumbtack, and Qualtrics, said he sees a dozen pitches from start-ups in the crypto space every week.
“It reminds us of the early days of the internet…[which] promised to reinvent companies across a number of different industries,” Schreier told Cheddar.
But he cautioned that the world he envisions is probably a decade out. “It’s still very early.”
Honda is looking to get more futuristic. The automaker announced a $45 billion, six-year investment into developing rockets, robots, and flying cars, noting that these areas of R&D are extensions of their core business.
The FAA has completed its investigation of Virgin Galactic’s Unity 22 test flight on July 12 after the aircraft flew out of protected airspace on its descent back to Earth. Virgin Galactic has been given the green light to resume flights but must request a larger share of protected airspace for future missions.
YouTube is working to ensure that fake news surrounding COVID-19 vaccines, or any other vaccine, is removed from the platform. The media giant has begun wiping videos related to conspiracies, vaccine testimonies, and other content that says approved vaccines are dangerous.
