Last Legislative Session, Blockchain was the hip technology!
Now local technology businesses who have vested interests in overall technological advancements are launching local initiative to further the interest. Microsoft recently released their TechSpark program which is focused on fostering economic opportunity and job creation. They have been working closely with local partners to fulfill the goals of this effort. What is the effort? It is all about “blazing the trail.” By being the early adopters of this technology when it comes to embracing it in our regulatory environment, other States will fall behind the curve. Right now above all, these emerging technologies are asking for guidance and ultimately just want to know how to best operate. This is what happens when there are disruptive innovations. It takes time to understand the innovation, it takes more time to adopt the innovation and once adopted it takes time to smooth out all the details.
Right now many businesses, like Microsoft, are acting as catalysts in the “understand” phase in hopes that adoption will happen sooner. The interesting part of this whole conversation is that many of these technologies being discussed have existed for decades. The difference is the technology will simply be used differently.
When it comes to our community, this is important information to monitor. It could mean new regulations, it could result in population growth and most of all, it could result in the adoption of more technology in our community!