In this post I wanted to talk about Technology and the African American community going into 2017. I am a huge fan of the dream and hustle blog that you can find here: http://dreamandhustle.com/ and love reading all the info that the writer Ed puts up who is an experienced black stem professional. One of the developments coming on the horizon in the technology field is the idea of the block chain. I have read extensively about the block chain on ed's blog and wanted to incorporate the information onto my blog since most of my commentary on here as well as youtube deals with the black community. The block chain is basically a universal ledger that holds records of all transactions within a given economic ecosystem. The size of it is huge and the parameters wide. If used in the black community it could even replace older more traditional ways of doing business like credit scores and other things of the sort that have historically been detrimental to the black community. For those of us who champion group economics (which should be most of us), the block chain will actually provide a way to check to see if someone has been spending their money within the black community. This can serve in place of a more traditional fico score, to see if an individual will be a worthwhile investment in the long term in the community. Someone who has a long history of purchasing products and doing business within the community itself will prove to be a better investment than someone who has no intention of doing so, or who does not find it important. It is not my position that technology has to be something to fear, or something that will be detrimental that will replace black people in the workplace. (That is the Claude Anderson Mentality). Instead my mentality is to view technology as a helpful and useful tool in terms of conquering the problems in the 21st century.
On just a practical level stuff like Amazon.com has allowed black entrepreneus to post their goods online for the public without having to have the start up capitol for a brick and mortar store. Sistas have created their own line of hair care products and are now marketing these to each other as we speak online. This is a good way to keep more money in the black community when it comes to hair care, and not in the hands of Koreans who have exploited the black community in the United States for so long. I don't have official figures in front of me right now, but I'm guessing that the sistas doing this has already put a big dent in the Koreans hair monopoly business and I would continue to expect it to do so in the future. Clothing is another big one. Now with the internet it is easier than ever for black clothing producers to market their products to the black community as well as the public at large. Now with the internet consumers can actually follow the owners of their favorite independent brands and have more of personable connection with them than with a big box store (Wal Mart be ware), personally I find myself shopping on Amazon almost exclusively for my clothing now. I don't go in a big box store unless its for something small and miscellaneous like a beanie or gloves (its cold now LOL), but that's about it.
But anyways that's all I got for today and please be sure to like and subscribe to the blog if this is your first time here, until next time, see you later.
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