Internet Users Are Taking Back Control as Steemit and Datawallet Monetize Data

The revolutionary concept behind the idea of controlling own data is that there is a real potential for being paid for the same information that users already submit while using the Internet. As these brokers have long known: These data are of great value commercially.

Blockchain technology drives the next generation of interfering data companies. Built-in and constructed properly, an unchangeable blockchain, powered by smart contracts, can guarantee the accuracy and relevance of the data, provide an audit trail where necessary and provide a payment channel to the ultimate in value creation.

Internet Users Are Taking Back Control as Steemit and Datawallet Monetize Data

Blockchain has long been evangelized as a technology that will transform many industries. After all, just because there is a tradition of operating a business, a society, or any system one way does not mean that method is best.

Technology as broadly applicable as blockchain can be the catalyst the disrupt entities perhaps as large as Facebook. Centralized platforms have currently attained a monopoly over the burgeoning data market, and are profiting massively from exploitative practices.

But if companies like Steemit and Datawallet have their way, the advent of blockchain and its advancement in mainstream attention may signal a remarkable shift to a new paradigm, a world where cryptocurrency levels the playing field and delivers user-friendly and controlled data-sharing solutions that are equitable and just.
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