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Author Topic: Data is the new oil energy source  (Read 374 times)
jseverson
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October 29, 2018, 12:38:12 PM
 #41

It's comparable to oil in such a way that it's the next big industry, but they're not comparable in the least otherwise. Data isn't scarce, for one, so it can't single-handedly make a country rich like oil has done. I'm not even comfortable comparing oil companies to data-specializing companies just because of how different the dynamics are.

I also don't think the blockchain can break these companies' grasp over data. I mean, how is it going to do that? There hasn't really been any issues about data ownership amidst all these scandals. Everything stems from sharing your own data -- whether that goes into a private database or a public blockchain is a moot point. They can be propagated and used maliciously either way.

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October 29, 2018, 01:22:55 PM
 #42

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.

Thats why data is important to us and i think the more time that expose in the community the big the chance of spreading in the world. But i think we need more improvements in data is needed because some hackers can easily approach every accounts that we have and put some security is one of our safety.
i think we can take steps to provide additional security to keep data safe. besides that, we also have to be careful, because there are many loopholes for hackers to retrieve our data

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November 14, 2018, 03:13:46 AM
 #43

These daya are especially valuable in politics. People could keep a their hands on the pulse of the people and could manipulate how they'll react to certain news. I've seen forst hand how suc information are used and how they easily manipulate people. That is why i don't watch the news anymore.

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November 14, 2018, 03:19:16 AM
 #44

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.
That is the difference of blockchain technology and facebook. That's why many people want to enter the market because blockchain technology helps them not to disclose their information. Everything works in silence and anonymity. That is the strength of blockchain technology.

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November 14, 2018, 04:44:36 AM
 #45

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.
That is the difference of blockchain technology and facebook. That's why many people want to enter the market because blockchain technology helps them not to disclose their information. Everything works in silence and anonymity. That is the strength of blockchain technology.
even though it works quietly and anonymously, but the blockchain has a real effect to help with work. but even though it's anonymous, blockchain provides transparency, making it safer

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November 14, 2018, 06:02:19 AM
 #46

These daya are especially valuable in politics. People could keep a their hands on the pulse of the people and could manipulate how they'll react to certain news. I've seen forst hand how suc information are used and how they easily manipulate people. That is why i don't watch the news anymore.
Anyway, the news must be known at least so that we know the latest issues that occur in the political world. If you already know they are just nonsense with manipulated data, then at least you will know the chaos of many people who are easy to believe about it, so you can take advantage of the incident.

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