How the Blockchain Can Reward you for your Data

[themigeo]

Data is the currency of the modern world. This is why data breach attacks are so frequent these days and why companies like Facebook and Google that have mountains of personal data are so successful. It’s no secret that your personal data is used by companies and third-parties for their benefit. Although you might think there’s no harm in an advertising agency giving you a personalized ad based on your location, gender, and preferences, there’s a lot of risks involved.

However, with the blockchain technology, you can get back ownership of your data. Furthermore, you can also get rewards for your personal data.

Keep Reading:
https://www.tokens24.com/cryptopedia/bl ... eward-data

[IoTer]

Inspiring, thank for this post. As the IoT connect more and more physical objects in real world to the internet, the inflow of Big Data keeps growing, and security concerns grow with it.
Blockchain is, first of all, an accounting software where every transaction is registered with both parties, and also in a public ledger. For the first time in human history, blockchain allows any consensus to be reached without having to place trust in any single entity.
I’m convinced that blockchain-based solutions are able to offer security for personal data in the IoT world. Look forward.