Blockchain is set to change data ownership. It will help restore data control to the user by empowering them to determine who has access to their information online. It is a paradigm shift in how we deal with data and it will offer consumers the much-needed control over their own data.
Blockchain Will Drive the Need for Change
Change is required for various reasons, including security and privacy concerns. A 2016 Pew Research study revealed that 74 percent of its participants ranked control over who can access information online as a primary concern. The study also revealed that transparency[...]
There is no denying the power of the Internet of Things (IoT). IoT devices are already in 60 percent of U.S. homes using a broadband connection, and an estimated 200 million vehicles will be connected to the internet by 2020, standing to transform entire industries for a good reason. By the end of 2017, approximately 8.4 billion devices are projected to be connected to the IoT -- that is more than the human population. It is only going to expand as time moves on, as more data is created by these smart devices and as technology continues to advance. These numbers are expected to increase [...]
We live in exciting times, where it has become possible to send money across the globe nearly instantaneously, where you can create value out of nothing and where we are working towards a future that is decentralised. The first application that kickstarted this revolution was Bitcoin when it was launched in 2009. Since then, the price of Bitcoin has increased dramatically, reaching $5000 for the first time in September 2017. The news of the Chinese government banning ICO’s resulted in a brief dip in the value of the coin, as well as almost all other cryptocurrencies, but after two days it [...]
Just as word-of-mouth can make or break your business, your online reputation can either help or hurt your business. In today's digital world, our "real" lives are increasingly becoming merged with our digital lives and it is transcending to the world of business and e-commerce. But how can you ensure what is being said about your company or one that you plan to do business with is true? The answer rests in the power of the blockchain. Blockchain technology stands to change online reputations in more ways than you think, and it is worthwhile incorporating online reputation management (ORM) [...]
The rise of cloud storage has helped companies collect and manage massive amounts of data. Data comes from corporate systems, Internet of Things objects and unstructured sources like online forums. New analytics tools like Hadoop help companies make sense of that data.
Yet simply having data and analysis tools doesn't mean the results of an analysis are meaningful. Getting true insight from data depends on the data being correct. With the many sources that feed into data lakes and the many transformations big data goes through to be processed, there are many possible ways for errors to be [...]
Distributed ledger technologies such as Blockchain are a hot topic at the moment. Startups incorporating blockchain technology are raising hundreds of millions of dollars using a new form of crowdfunding called the Initial Coin Offering (ICO). Many of these startups offer new solutions for existing problems or are adapting existing services with Blockchain to differentiate themselves. It seems that almost any industry or service can and will be disrupted by Blockchain. One area that I would like to discuss in this article is the usage of Blockchain for the democratic process, because as it [...]
Our identity system is hopelessly outdated. You might not be aware of it because you are using it on a daily basis and all seems to be fine. However, identity faces a major crisis and some big challenges need to be solved, which can only be done by bringing identity into the 21st century. However, what is identity? Only if we know what identity is, will we be able to change how we deal with identity.
Know thyself, it was already inscribed in the forecourt of the Greek Temple of Apollo at Delphi and since then philosophers, psychologists, scientists, poets, authors, artists and politicians [...]
We are at a global crossing point and if we manage to solve some of the problems that we have created in the past decades, the world can become a better place. When the world wide web was developed 28 years ago, the objective was to create a decentralised world wide web. However, somehow, we ended up with a world wide web which is in the hands of a few very powerful companies. As a result, the internet can go down for millions of people if one of those companies has a problem. This was the case a few months ago, when AWS experienced ‘a glitch’, or better know a typo, which brought down the[...]
A few days ago, The Merkle ran a story that R3CEV, the largest blockchain consortium of banks and technology firms, admitted that the technology they are developing does not use a blockchain and as such they admitted defeat. A day before that article, R3CEV released a story about when a blockchain is not a blockchain to explain that what the R3 partnership is developing is actually not a blockchain, but an open source distributed ledger technology (Corda). As R3CEV explains in their article, it is “heavily inspired by and captures the benefits of blockchain systems, but with design [...]
Technological advancements have reduced global poverty significantly in the past 100 years. Although many people have been able to leave poverty due to this, however, still more than 1.3 billion people live in extreme poverty. Extreme poverty is defined as having less than $1.25 to spend every day. There are a wide variety of causes for poverty, which differ per country, but in general causes for poverty include: lack of education, environmental problems, lack of access to banking facilities, lack of legal ownership of property, lack of rule of law, overpopulation, epidemic diseases or [...]