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On this week’s episode of Yahoo Finance Future Focus, Symphony CEO Brad Levy spoke with our host Brian McGleenon about ways to prevent future global software meltdowns like the CrowdStrike crisis. Levy explained that modern systems are increasingly interconnected, making them vulnerable to failures that can ripple across industries, affecting critical sectors like healthcare, banking, and travel. To prevent such incidents, he emphasised the importance of compartmentalisation and containment, which may slow down processes but increase the overall robustness of software infrastructure. Levy also discussed the balance between efficiency and security, noting that sometimes “slow is a feature,” referencing the Navy SEALs’ deliberate approach to operations. He highlighted the need for greater interoperability between software stacks while ensuring security, particularly in areas like cybersecurity. The discussion also touched on AI, with Levy noting that while AI could exacerbate risks due to automation, it also holds potential as a predictive tool to help mitigate future crises.
Levy concluded by envisioning a future where distributed systems, such as those leveraging blockchain, enable secure, seamless communication across software ecosystems. He stressed the importance of identity management in these systems to ensure that both entities and individuals can be tracked and authorized properly.