Blockchains as immutable decentralized databases
One of the foremost things that we’d need to preserve data is an immutable set of records. As a database, blockchain technology can ensure that the data entered cannot be tampered with, ensuring data integrity. This is a handy application that can be applied to manage user data. Users can share their information with organisations, having full purview of the data that they shared and, to certain extents, how they are used.
One of the foremost things that we’d need to preserve data is an immutable set of records. As a database, blockchain technology can ensure that the data entered cannot be tampered with, ensuring data integrity. This is a handy application that can be applied to manage user data. Users can share their information with organisations, having full purview of the data that they shared and, to certain extents, how they are used.
Preventing malicious activities with user data
Blockchains are empowered with a democratised system of implementing changes via consensus algorithms. With this measure in place, blockchain-based databases can be quite formidable for any malicious activities like hacking user data. If a hacker with malicious intent tried to hack user data, said hacker can be easily identified and expunged from the network. Given the distributed nature of the network, it would be near impossible for a single party to gather the required computational power to tamper with the validation criteria and cause any further havoc.
Blockchains are empowered with a democratised system of implementing changes via consensus algorithms. With this measure in place, blockchain-based databases can be quite formidable for any malicious activities like hacking user data. If a hacker with malicious intent tried to hack user data, said hacker can be easily identified and expunged from the network. Given the distributed nature of the network, it would be near impossible for a single party to gather the required computational power to tamper with the validation criteria and cause any further havoc.
Generating self sovereign identities on blockchains
With several public and private organisations (like governments and corporations) looking to digitise citizen/user identities, blockchains can create self-sovereign identities (SSIs). With SSIs, people and businesses can choose the personal information they want to share without relying on a central repository of identity data. These identities can be generated and used independently of nation-states, corporations, or global organisations. This solution will help the people govern and own their personal data.
With several public and private organisations (like governments and corporations) looking to digitise citizen/user identities, blockchains can create self-sovereign identities (SSIs). With SSIs, people and businesses can choose the personal information they want to share without relying on a central repository of identity data. These identities can be generated and used independently of nation-states, corporations, or global organisations. This solution will help the people govern and own their personal data.
Monetising user data usage among third parties
Data monetisation is a great use case for blockchain tech. In this data-centric world, people can decide who can profit from their personal data with self-sovereign identities and blockchain-based models. The scope for this use case is tremendous; over 60% of the total global GDP is expected to be digitized by 2022.Personal data will only continue to increase in value.
Streamr has revolutionised the idea of data monetisation through Data Unions. Service providers, advertisers, and any other organisation or individual can crowdsell their personal information on the Streamr Network, along with their fellow Data Union members, earning Streamr DATAcoins that can be spent in the real world. This is an apt example of how blockchains can be used to monetise data.
Data monetisation is a great use case for blockchain tech. In this data-centric world, people can decide who can profit from their personal data with self-sovereign identities and blockchain-based models. The scope for this use case is tremendous; over 60% of the total global GDP is expected to be digitized by 2022.Personal data will only continue to increase in value.
Streamr has revolutionised the idea of data monetisation through Data Unions. Service providers, advertisers, and any other organisation or individual can crowdsell their personal information on the Streamr Network, along with their fellow Data Union members, earning Streamr DATAcoins that can be spent in the real world. This is an apt example of how blockchains can be used to monetise data.
Enabling data traceability with blockchains
Blockchains can enable data traceability, leading to more transparency and traceability to combat these losses. Blockchains can employ tokens to give users unique identifiers to store information securely. This information can even be stored off-chain with reference to its unique hashing algorithm. Moreover, permissioned blockchains can give exclusive access to the information on blockchains.
Blockchains can enable data traceability, leading to more transparency and traceability to combat these losses. Blockchains can employ tokens to give users unique identifiers to store information securely. This information can even be stored off-chain with reference to its unique hashing algorithm. Moreover, permissioned blockchains can give exclusive access to the information on blockchains.
Enabling personalised smart experiences via predictive analysis with blockchains
User data involving behaviours and trends stored on blockchains can be used to mould personalised smart experiences. This can help facilitate extensive predictive analyses of data to provide product/service experiences that are unique to consumers on an individual level. Moreover, to unburden the process, blockchains can provide structured data gathered from individual consumers.
So what does the future of data management look like? With the need for data management and user data privacy growing, blockchain-based implementations and solutions will provide today’s data-centric-world-as-we-know-it with a means to simplify interacting and engaging in virtual environments (that’s the internet for you). The Streamr Data Union framework will open up a world where internet consumers can have seamless experiences in terms of data management and privacy by giving them the power to choose what happens to their data. This will also help shape meaningful relationships between businesses and their consumers.
User data involving behaviours and trends stored on blockchains can be used to mould personalised smart experiences. This can help facilitate extensive predictive analyses of data to provide product/service experiences that are unique to consumers on an individual level. Moreover, to unburden the process, blockchains can provide structured data gathered from individual consumers.
So what does the future of data management look like? With the need for data management and user data privacy growing, blockchain-based implementations and solutions will provide today’s data-centric-world-as-we-know-it with a means to simplify interacting and engaging in virtual environments (that’s the internet for you). The Streamr Data Union framework will open up a world where internet consumers can have seamless experiences in terms of data management and privacy by giving them the power to choose what happens to their data. This will also help shape meaningful relationships between businesses and their consumers.
Forwarded from Adriana | KalpaTech
🔊 Learn how @AltheaNetwork, @regen_network, and @informalinc are transforming the world with @cosmossdk based blockchains that create social coordination, user controlled networks and interoperability.
Ethan, Deborah and Gregory are LIVE now to chat about interoperability, the vision of @cosmos and using this transformative technology for sustainability, democratization of internet access and more 🎥 https://www.youtube.com/watch?v=fbaq_RMTpuA&feature=youtu.be
Ethan, Deborah and Gregory are LIVE now to chat about interoperability, the vision of @cosmos and using this transformative technology for sustainability, democratization of internet access and more 🎥 https://www.youtube.com/watch?v=fbaq_RMTpuA&feature=youtu.be
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Althea (@AltheaNetwork) on X
Althea L1 is the settlement layer bringing open-access infrastructure to people everywhere. Join our network: https://t.co/6KAYiuW7VO
Forwarded from Moonbeam Announcements
Hello! 🎉 We want to invite you to join the Polkadot community first official gathering since the multi-chain network’s launch and decentralization.
Our CEO, Derek Yoo, will talk about "Moonbeam and Our Multi-Chain Future: An Evolution Toward Specialization and Interconnectivity"
📝 Register for free at https://decoded.polkadot.network/
And learn about Polkadot’s key features and use cases, meet the people behind the code, see what the future holds, and engage with the network’s growing community.
Our CEO, Derek Yoo, will talk about "Moonbeam and Our Multi-Chain Future: An Evolution Toward Specialization and Interconnectivity"
📝 Register for free at https://decoded.polkadot.network/
And learn about Polkadot’s key features and use cases, meet the people behind the code, see what the future holds, and engage with the network’s growing community.
Forwarded from Xangle 채팅방 (KR)
https://status.infura.io/
인퓨라는 이더리움 노드를 직접 돌리지 않고도 이더리움을 사용할 수 있게 해주는 서비스입니다. 인퓨라 풀노드가 잠시 먹통이 되면서 해당 서비스를 사용하는 메타마스크, 유니스왑, 거래소 입출금 등등에 오류가 생긴듯 합니다.
이더리움 네트워크에는 문제 없습니다.
인퓨라는 이더리움 노드를 직접 돌리지 않고도 이더리움을 사용할 수 있게 해주는 서비스입니다. 인퓨라 풀노드가 잠시 먹통이 되면서 해당 서비스를 사용하는 메타마스크, 유니스왑, 거래소 입출금 등등에 오류가 생긴듯 합니다.
이더리움 네트워크에는 문제 없습니다.
Xangle 채팅방 (KR)
https://status.infura.io/ 인퓨라는 이더리움 노드를 직접 돌리지 않고도 이더리움을 사용할 수 있게 해주는 서비스입니다. 인퓨라 풀노드가 잠시 먹통이 되면서 해당 서비스를 사용하는 메타마스크, 유니스왑, 거래소 입출금 등등에 오류가 생긴듯 합니다. 이더리움 네트워크에는 문제 없습니다.
[인퓨라 "ETH API 서비스 중단 원인, 구버전 클라이언트서 컨센서스 버그 발생"]
이더리움 인프라 업체 인퓨라가 공식 사이트를 통해 "이더리움 메인넷 API 서비스 일시 중단 사태의 근본 원인은 go-ethereum 클라이언트 older stable 버전에 고정된 우리 인프라 내 다수 컴포넌트 때문이다. 해당 버전은 블록높이 11234873에서 크리티컬한 컨센서스 버그를 맞닥뜨렸으며, 1.9.9, 1.9.13을 포함한 여러 Geth 버전에 영향을 미쳤다. 1.9.19 이후 버전은 영향을 받지 않았다"고 밝혔다.
https://kr.coinness.com/news/807858
이더리움 인프라 업체 인퓨라가 공식 사이트를 통해 "이더리움 메인넷 API 서비스 일시 중단 사태의 근본 원인은 go-ethereum 클라이언트 older stable 버전에 고정된 우리 인프라 내 다수 컴포넌트 때문이다. 해당 버전은 블록높이 11234873에서 크리티컬한 컨센서스 버그를 맞닥뜨렸으며, 1.9.9, 1.9.13을 포함한 여러 Geth 버전에 영향을 미쳤다. 1.9.19 이후 버전은 영향을 받지 않았다"고 밝혔다.
https://kr.coinness.com/news/807858