Blockchain and Internet of Things: Applying advanced technologies in evaluation
New technologies come with a promise – helping people and creating efficiencies. Let’s look at some innovative data methods that can do just that in evaluation. At the end of this piece, you’ll know some of their potential uses and feel inspired and equipped to dig deeper. .
While there are many tech solutions out there, let us focus on three: Internet of Things (IoT), Natural Language Processing (NLP), and Blockchain Technology (BT).
These three technologies all offer one or more solutions to common evaluation challenges, including resolving biases in data collection and analysis, reducing repetitive manual tasks and building confidentiality and trust among participants.
While these technologies all show promise, they have different levels of maturity. A familiar example is the home electronics industry. It has widely capitalised on the now-mature Internet of Things – that’s how we now live in homes with lights, security, and pet cameras controlled by apps and connected through wifi and Bluetooth. On the other hand, Blockchain Technologies is quite niche and only in its infancy considering its potential.
We’ll work our way from technological applications that can be used by most of us as they are today, towards solutions that require skills outside the regular evaluation realm.