Check out this cnbc video: Former Cambridge Analytica Brittany Kaiser, and Jeffrey Wernick (early Airbnb and Uber investor) discuss data collection practices, lack of transparency in data gathering, use, ownership and monetization.
I posted a few months ago about Europe and their take on data & privacy; then a week week ago, when the Cambridge Facebook data news came out. If you remember, it was about the use of a feature that Facebook provided to developers which enabled them to collect data on the users when users "use facebook to log in" onto the developers apps. Facebook is only the tip of the iceberg as Google collects far more.
I wanted to make this post about the ripple effect this Cambridge/Facebook matter is having. In other words, the overall increase in public attention to the topics of 1- lack data literacy on behalf of users, 2- viewing personal data as property similar to what a car, or a house, is finally at play. Think about personal data as a digital asset you won.
Just a quick note, companies like Facebook and Google are harvesting user data by taking advantage of users who sign their terms and conditions. There is nothing illegal. The point is the need for a regulatory framework around the treatment and collection and monetization of user data. Or... all users move to Steem.
Hashtag to push #OwnYourData! Neddless to say, Steem is well positioned to capitalize on this trend.
Let me know your thoughts,