Post
Topic
Board Economics
Re: Data is the new oil energy source
by
LeGaulois
on 22/10/2018, 11:19:26 UTC
More and more people are realizing how powerful data is and need to be protected. Data is the new oil, and companies like FB and amazon are the new petrodollar oil champions in the world. Fortunately, blockchain provides a reliable way to break these islands of data and create a world in which data can be liberated by sharing data while still maintaining the same ledger or its original ownership, allowing creators to be rewarded.

Blockchain provides vast ways to deliver data and to ensure that there is no Monopoly of informations about these technology. Maybe in the furtive, blockchain would be widely used and hopefully the authority will educate people how blockchain works in the society.

Data storage has a cost (and companies spend more and more in storage infrastructures), and if you consider the Bitcoin's Blockchain (how big? ~180 Gb?) then it is a huge size. It would be better to use a fork like Bitcore, (its blockchain size is about 900 Mb) consuming x10 less on storage.
And to add, we don't need a government to teach to people how blockchain works.