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'Klout Matters' Author Terry Brock: 'I'm Very Optimistic on Technology'

Wednesday, 28 June 2017 12:14 PM

Author Terry Brock tells Newsmax TV that savvy investors should hop aboard the technology train before it speeds away into the horizon of advancement.

Brock tells told Sunday’s “The Income Generation Show” that not only are virtual currencies worthy of investment, but drones and 3-D printing are as well.

“I'm very optimistic on technology and where we're going,” he told David J Scranton.

“I look at things like drones. They are doing incredible things, particularly outside the U.S. The FAA is curtailing a lot that's going on in the U.S.,” said the co-author of “Klout Matters.”

He also touted 3-D printing. “We've got 3-D printers up in the space station. It's a much better way to manufacture in many cases. I also see a lot of other technologies that are surging right now that are enormous,” said Brock, a syndicated columnist with Business Journals. 

Meanwhile, he also touts bitcoin, and the blockchain system that powers it. Bitcoin is one of several virtual currencies and the value of one bitcoin skyrocketed more than 300 percent in the last year, Bloomberg has reported.

A competing currency, ether, based on the ethereum blockchain, reached a record $402 earlier this month.

He is bullish on such technology because it shows so much potential and we're seeing real world applications. “It gives us the chance to address a lot of serious issues in finance in the kind of things that you do helping people to plan for retirement and to take care of their financial goals in the right way but blockchain does it better than we've seen before,” he said.

“I think the future looks really good and it's not based on speculation. Speculation is there and of course we wouldn't recommend anyone putting money into blockchain or any other alternative coins unless you can afford to lose that," he said.

"But we're seeing some solid reasons to do it and it's a much more stable system than having to trust a third party that maybe is OK, maybe is not," he explained.

"We find that blockchain has some serious reasons why it is good and bitcoin is the most notable and widely recognized feature of that but blockchain is a way to keep an unchangeable record that is monitored by lots of people literally millions around the world and we know that it's going to be safe as we move forward that will know what happens,” said Brock, who was a Chief Enterprise Blogger for Skype and the editor of AT&T's Network Exchange Blog.

"The Income Generation" airs on Newsmax TV every Sunday at 10 am ET.

(Newsmax wires services contributed to this report).

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Author Terry Brock tells Newsmax TV that savvy investors should hop aboard the technology train before it speeds away into the horizon of advancement.
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Wednesday, 28 June 2017 12:14 PM
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