Just as you might think twice about eating chicken nuggets when you see how they are made, you are probably reluctant to voluntarily provide your personal information when you see how it is used and make money.

Freedom has become one of the world’s most popular assets – and over the years the Internet has undermined it.

We live in a world where we are faced with 5000 words of relationship when shopping for sneakers. Critical details of what companies do with our data are buried by hordes of lawyers, causing most of us to click “I agree” without thinking about the consequences.

In other cases, companies are unacceptably vague about how they use our data. This is a big problem when companies offer their services “for free” … provided we can provide an email address, phone number and some other data.

A scene from the modern science fiction series “Maniac” that perfectly illustrates where the world is headed. Individuals are given a choice – they can either pay for a metro ticket or get it for free in exchange for some personal information. Do you think they honestly chose the latter option.

Basically, this is what we do every day – we share our data with companies, large and small, and sacrifice our privacy and freedom in the process.

This has become so bad that individual states have been forced to intervene in rules and regulations to protect the population, and many of them do not understand what they have in common when marking a seemingly harmless framework on a website.

It also tells us that tech giants are busy shutting down taps. When Apple introduced a new feature that allowed users to opt out of tracking app and website activity, Facebook launched a tough public relations campaign against the measures. The social network said they speak for small businesses that depend on the platform for targeted advertising. The pessimists among you will see this as a bold attempt to protect the profits of a company charged with some of the most insidious and powerful data mining operations in history.

Pandora’s chest is open
Things are starting to change – because we opened Pandora’s box – and the long-awaited debate about the privacy we are entitled to on the Internet has begun in the world.

For over 10 years we have seen abundant economic freedom thanks to Bitcoin (BTC) and its competitors … but other parts of our society still have a long way to go.

I went to the store last week and automatically bought a humidifier, and when I got home I did a Google search to find out more about this product. For the next seven days, I was bombarded with Facebook ads for soda.

Just like our health, well-being and professions, freedom is an internal personal responsibility that we must control, support and protect, especially in the digital realm, where it can be easily sold in exchange for access to free services.

To feel free and safe in our own home, we trust the privacy of our property and the trust of our friends and neighbors. This is guaranteed by government regulations and housing association rules. But we also trust our financial privacy with organizations – in the hope that they will be held accountable to regulators and central banks – and the whole reason for Bitcoin’s launch in 2009 was that our expectations were not met.

Why blockchain is the answer
Each modern proprietary blockchain addresses digital privacy and trust issues in a unique way, and in these fast-paced societies, decentralized management helps adhere to standards, and downsizing mechanisms act as a deterrent to those who tend to act against the best. the interests of the network.

Through PoS blocks, users receive informed consent. They are constantly aware of suggestions for improving and expanding the network and ideas for new services. Digital social consensus means that they can read discussions about the pros and cons associated with each proposal, draw their own conclusions and vote accordingly. Can you honestly imagine how the technology giant does that?

Privacy issues can be solved by creating abstract network addresses that are not permanently linked to public keys, or by using proxy-smart contracts similar to VPN and Tor, but on top of blockchain.

Can blockchain technology solve some of the biggest privacy and trust issues in recent memory? I think so. When technology becomes available and transactions are cheap enough, consumers can choose to share their personal data or pay a small fee instead.

Source: CoinTelegraph