JBTDRC

Jamnalal Bajaj Tropical Disease Research Centre, MGIMS

Day: September 1, 2019

Blockchain: The Internet’s Biggest Competitor?

When people start seeing the dark side of the internet, they feel like they have nothing they can escape to. Once you start realizing how badly your privacy is being compromised, your first thought would be to limit your internet usage, which is a great idea by the way. However, when it comes to using the internet to communicate business data and such, it’s nearly impossible to avoid using. Kind of makes the internet sound like some really hard to quit drug, right?

Privacy is a concern when you’re using the web for social media only but once you start using it for work, you’ll realize that you have a lot at stake. This is why a lot of businesses are starting to make use of the blockchain to transfer data instead. A handful of years back, if you told someone that you were using the blockchain, they’ll just assume that you’re up to some shady business on the deep web. However, since the need for privacy is becoming apparent, people are starting to be more open-minded about the blockchain.

The mainstream internet is greatly centralized, meaning that it’s possible for various authorities to automatically censor data you place online and attempt to hide it under layers and layers of results. They might even tamper with information and keep an eye on you, so you don’t publish anything that an authority might decide people don’t need to see. This is just one example of how your information can be compromised.

Your identity and online assets need to be under your control as well. By using the blockchain, which has no centralized authority, you can be self-sovereign. To learn more, check out Proof Systems. They make the blockchain accessible to businesses and companies.