The Economic Forum futurist predicts that technology will continue to decentralize

MILWAUKEE – Blockchain, cryptocurrency and other technology trends will continue to bring change to human culture and business, according to Samantha Radocchia, author, blogger, speaker and entrepreneur.

“Crypto, or Bitcoin, at least in the mainstream media, has died, I think it’s 447 times since 2010. There is a record of that,” he said Radocchia, who is known on social media as “Sam Rad.” She is not predicting a cryptocurrency crash.

Radocchia made these remarks and more as the keynote speaker at the Jewish Federation of Milwaukee Economic Forum, June 7, 2022, at The Pfister Hotel in downtown Milwaukee. Radocchia, named one of Forbes 30 under 30 in 2017, participated in a panel discussion with Jamie Finn, co-founder of Securitize; moderator Mike Gusha, senior counsel for law and public policy at Marquette University School of Law; and Craig Shedler, Managing Director, Northwestern Mutual Future Ventures.

Sponsors of the economic forum included the Milwaukee Business Journal, BMO Harris Bank and PNC, along with more than 40 others. The event was co-chaired by Linda Gorens-Levy, Partner at General Capital Group; David Lubar, CEO and President of Lubar & Company; and Greg Marcus, CEO and President of The Marcus Corporation.

After the June 7 event, Bitcoin, the popular blockchain-related cryptocurrency, plummeted in value. Related companies have announced layoffs. But Radochia did not lose faith, retweeting a positive message on Twitter: “Don’t lose sight of the big picture. We build an open world without permissions. This will take decades, not years. Close the computer, zoom out, go for a walk. Just don’t give up.”

“I’m just sharing what’s going on and I don’t necessarily think everyone should use blockchain,” he said Radochia, at the event on June 7. She explained blockchain as a digital ledger – “at the end of the day, only transactions recorded on record, and those records are linked together in a series of blocks.” Blocks are duplicated and spread across computers everywhere, all connected to this block chain for you to keep track of cryptocurrency or other information.

Radocchia sees blockchain — which takes currency out of the hands of central government — and other technologies as having a decentralizing impact. “Blockchain and decentralization in general represent the operating system of the future,” she said.

Citing another example of the decentralization trend, she said: “we’re seeing this new shift and operating system beyond private intellectual property… We’ve seen the sharing economy where most people don’t even own their real estate, they own their cars; they are either involved in ride-sharing economies or outside of it. But then the question is what’s next for ownership?’

“This is a decentralized future; it’s a whole new way of looking at things….of course, people moving to remote work is a very literal example of decentralization.”

Radochia talks about blurring the realities between the physical and digital worlds, like when years ago she sold digital t-shirts in a digital world, then exchanged the fake money she earned for real dollars. Technologies are converging, she said, leading to full-body haptic suits where you can feel everything in a metaverse, she said.

The panelists discussed various ideas, including the idea that these new technologies could be a place to invest a small amount of money that one can afford to lose, as well as the suggestion that the use of blockchain could become a ubiquitous necessity, as the availability on a web page.

Milwaukee Mayor Cavalier Johnson spoke briefly beforehand Radochia, calling for a focus on economic development for the benefit of the people. “I would like the entire business community and community leaders in this room to engage with my administration by offering your ideas as well as your help because it will take all of us working together in partnership to achieve for Milwaukee what we know , that the city can be,” he said.

“The Economic Forum highlights the intersection of Milwaukee’s philanthropic and business communities,” said Miriam Rosenzweig, president and CEO of the Jewish Federation of Milwaukee, who also spoke to an audience of several hundred before the presentation began. “We share many of the same goals and depend on each other to succeed. We all want to ensure that young professionals come here and stay there. You just heard our mayor say that this is one of his goals. We want fresh leaders and the true belonging of your family to create a life here, to make a difference here. This is the best way to strengthen local businesses and in turn our entire community.”

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