As the news headlines are filled on nearly a daily basis with information regarding the proliferation of security flaws and public information being sold by companies such as Facebook it seems nearly impossible to protect our private information. This could be alleviated significantly by the proper application of blockchain technology. Follow Ian King at stocktwits.com.
The bottom line for Ethereum:
In the longer term, as our world becomes increasingly automated, Ethereum’s protocol will serve as the backbone of the autonomous revolution.#Cryptocurrency #Currency #Crypto #Bitcoin #Ethereum #Litecoin #Blockchain #Entrepreneur #InternalAnalyst https://t.co/JI3X9agoRW
— Ian King (@IanKingGuru) March 30, 2018
Ian King, a successful investor and member of Banyan Hill Publishing Company, is one of the leading figures on cryptocurrency knowledge. He first began investing during his time in college. At the time it was the middle of the dot com boom. He spent his time in his dorm rooms investing in companies and was able to create some significant returns which further interested him in the world of investing. Upon graduating college, he worked for a number of successful investment companies including a hedge fund which he was the manager of based out of New York. Eventually, he grew tired of working on Wall Street and decided to venture off and become an investment advice columnist. Today he spends his time writing publications regarding cryptocurrencies and blockchain technology.
Ian King has recently posted a publication in regards to the protection of our private information and how blockchain technology can help fulfill this role. Concerns about protecting your private information have been growing, as companies around the world harvest user information for their own profit. Many of these companies do not even inform their users that their data is being used. This can be solved by the proper application of the decentralized technology blockchain.
In simple terms, a blockchain system is a decentralized distributed network of computers that maintain a publicly accessible ledger system which is encrypted using cryptographic technology. As a result of the decentralized nature, there is no central authority which has control over the user data. This points to a possible world where individuals are able to control their own data. Already there are several projects using blockchain technology which promised to deliver a decentralized Internet.
At the end of the day, we are still several years away from a truly decentralized Internet that allows users to control their own private information. However, as data breaches continue to occur and fill users with distrust in the centralized technology the new applications that blockchain technology promise to deliver will grow in demand. Still, it does give hope that in the future there will no longer be a centralized authority who is able to control and capitalize off of your private information. Visit Banyan Hill to know more about Ian King.