Recently, the Internet users around the world have been taut with the big data leak scandal of Facebook users' data. The data leak of social media giant's practices increased the users’ introspection of the social network. How to regulate the user data acquisition and utilization? How to protect the security of user data?
Decentralized Block Chain technology could solve this problem, GSC(Global Social Chain), the world's first Social Chain is working on it.
The GSC has got in-depth cooperation with Mico, the largest social platform in southeast Asia and the Middle East. It is determined to use block chain technology to subvert centralized social networks such as Facebook, WeChat, etc., which plays a dual role as ‘manager’ and ‘arbiter’ simultaneously for the former social networking platforms. GSC creatively solves the industry pain points, protect users' privacy and data security.
The traditional centralized platform requires the customer to provide the basic private information for identification (mobile phone number, ID information, home address, bank card information, etc.). This centralized way of collecting private information implies that there is an extremely high risk of leaking the user basic private information.
In the meantime, users create the content, and the platform sets the rules, stores and distributes the content in the current social network. The interaction between users happens through the centralized social networks. Users need the social network for interpersonal communication and the continuation of it through friends’ posts, information of popular contents, etc. Furthermore, as a social network service provider, it can control the users’ data, and can analyze the data for advertising purposes and receiving some benefits from it.
All the centralized social networking platforms, such as Facebook, Snapchat, etc., are facing many pain points:
1. The security of users' private information cant be guaranteed;
2. The user data can be used by the platform at any time;
3. There is a lack of incentive as the values created within the content of the user belong, at last, to the platform;
4. Credit system vulnerability, false information, and low social efficiency.
GSC's vision is to utilize the block chain technology to restructure the values of the next generation of social networking platforms and let the security of the private data and the digital assets become individual.
GSC social network created a decentralized opened network platform, using an advanced technology, using a set of centralized smart contracts. These technologies will solve several problems that social networks face.
The GSC, which has been listed on OKEx, one of the most popular digital asset trading platforms around the world in February, and officially landed on the HADAX(huobi) in March. It will soon be listed on the top global exchanges such as bit.z and updex. With the increasing awareness of the privacy protection of Internet users around the world, the new generation of decentralized social chains will become more and more popular.
Official GSC Sources
Website: http://gsc.social/
Twitter: @gsc_socialchain
Medium: https://medium.com/@gsc_socialchain
Facebook: www.facebook.com/GSCCoin