It is unlikely that data will completely replace money as a currency exchange in the near future. While data has become a valuable commodity and is increasingly being used as a form of currency, money still serves as the primary means of exchange for goods and services.
Data and money serve different purposes and have different properties. Money is a widely accepted medium of exchange and has been used as a store of value for centuries, while data is often specific to a particular industry or use case and does not have the same universal acceptability.
That being said, the use of data as a form of currency is likely to continue to grow in the future, particularly as more and more industries become data-driven and the value of data continues to increase. However if you look at history and current trends side-by-side, expert economists believe it is unlikely that data will completely replace money as a currency exchange, at least not anytime in the near future.
By:Stacey Soleil
Bold Beyond Hype Founder