Andrew Baer

Andrew,

I honestly found the concept of blockchain to be a but confusing, so thank you for offering another example here. To answer your question, I think a decentralized organizational structure could be appealing and gain traction. People are becoming increasingly frustrated with how much more CEOs are making than their staff, and this could serve as a potential solution to this. The pay gap is insane! Check out this EPI report that I found: https://www.epi.org/publication/ceo-compensation-surged-14-in-2019-to-21-3-million-ceos-now-earn-320-times-as-much-as-a-typical-worker/.

Hey Andrew!
This is a super interesting post. I also didn’t really find the concept of blockchain to be super clear, but this is an interesting example. I really like the idea of DAOs and think they could definitely gain traction and popularity. The only barrier would be those that are in charge, if they’re not open to those “under” them making more money or potentially being more successful, then I can’t see them implementing this. Companies that care about their people would probably be more open to this, and I think it’s a great idea. It will be very interesting to see what companies will start to move towards this, and how other companies respond. Hopefully, huge disparity in company pay will be a thing of the past!

Hey Andrew
Great read and thought it was very informative. Personally I think blockchain is and will always be a tricky concept to explain but I know it is starting to be utilized in simple tasks to help systems run more efficiently. I think that the more that technology and cryptocurrency advance in everyday life, we will see decentralized organizational structures gain more popularity.

Hi Andrew,

I was just going to ask how the retailer would offset the costs of reusable packaging and sure enough, you thought of that, too! I always feel extra guilty when I cannot recycle packaging from the grocery store or convenience stores. I actually got into a heated discussion about whether or not bananas belong in packaging at the grocery store. I love the idea of reducing as much packaging as possible. It would probably save the companies a lot of money. The only other struggle I could see the companies facing would be how to put advertising and details about the product on it without a lot of packaging. I’m sure it could be implemented. by stores like you mentioned with subscriptions, Costco, who don’t need to sell you specific brand items.

Hi Andrew,

You bring up an interesting point about Apple. This reminds me of the legal battle between Facebook and Apple about how to treat consumer’s data. Apple has recently shifted its marketing and PR strategies to show consumers they’re protecting their data. It’s a brilliant strategy when we’re all watching Mark Zuckerberg sweat in court. You mentioned something I think goes unnoticed by some iPhone users. The ability to manage what data is being tracked is a huge upgrade for Apple. This is how they digitally set themselves apart from other companies and cover their own backs.

Thanks for the post!

Hi Andrew! I think it is really interesting to explore the ethics of companies handling personal data. We trust Apple with banking, daily life, health and so much more of our lives so we should have faith that they are using our data properly rather than selling off data used through third party apps that track our interactions on the phone without having the app open. I find it more reassuring that I, as a user, have more control over the data being shared. I wish other companies could add additional layers of security to data protection as consumers are a very important stakeholder for any company.

Hi Andrew.

Thanks for the great post. It’s so interesting to think of all of the ways AI can be used. It seems the possibilities are truly endless. Hollywood is a top industry for AI technology to predict human behavior. Films depend on audience engagement to determine success rate. This AI could also go as far as to predict which platform (theaters, streaming, etc.) the film’s targeted demographic is more likely to watch it on. Thus, increasing its box-office success.

I’m glad you included the bias of these AI in your post, as well. The film industry is now struggling with identifying and overcoming biases as more diverse cast members, directors, and producers are introduced. It is definitely something to keep an eye out for, however; I love the idea of using AI in the film industry.

Andrew,

Very interesting post. To me, movies recently just haven’t had any appeal (with the exception to some). By allowing AI to detect which actors or directors we should use, is only going to further my opinion as there isn’t any change. AI takes the creativity out an inherently extremely creative industry.