The go-to platform for multiple application development is the cloud space. Undeniably public platforms have taken the world by storm. Ubiquitous nature, fastest market, easy access are some of the major advantages offered by these platforms. In most cases, the applications developed are thoroughly secured, and data can be said to be completely protected. But what about other service applications available on the internet? Are they centralized or decentralized?
Social media is notoriously full of personal data theft, fake identities, privacy breaches, etc., even secured vulnerabilities are very high. The entire internet space is still a big centralized machine operated by big names in the market. A live example being, Instagram disabling #Sikh due to the protest in India by the Sikh farmers. Moreover, the incident speaks the truth behind the centralized powers working behind the platforms. As per reports, a similar trend was observed in the early year where Facebook and Instagram admitted that #Sikh was blocked unwittingly for several months.
The worst part of the interest is that even Indian media is silent about it. What if the platform is decentralized at this time? Can you imagine the salubrious impact of a fair public take on the protest of the farmer’s community? These would be possible only if central authorities are kept away from manipulating the media and multiple influential social media platforms.
A highlight from The Global Internet Phenomena Report October 2019 shows the current status of internet traffic.
The depth of this centralized issue lies in the data. Nobody owns a clear answer of who owns your data. Here come the decentralized platforms that prove to be a solution to personal data protection and privacy. These platforms aim to resolve the problem of data ownership.
The purpose of decentralized platforms is to establish a mechanism so that you can gain control over your data, and if needed, make anonymous access to applications over the internet.
Having a decentralized platform is not a new concept altogether. We all are grown-up using peer to peer technology. Who doesn’t cast one’s mind back to the days when we used BitTorrent, a unique file sharing platform. According to the Global Report, Bittorrent alone represents 2.46% of downstream and 27.58% of upstream traffic.
But, there are problems with BitTorrent as well. As it is not immune to viruses and other stuff. So let’s have a look at various emerging decentralized data-sharing platforms that are bringing revolution by providing a trustless environment beyond just file sharing. Blockchain technology has given artificial respiration to platforms like decentralized applications (dApps). As these applications are using the blockchain as a core for implementations. Social media and privacy is not an oxymoron. It is the need of time. If entrepreneurs won’t adopt it, some startups will fill the void soon by offering data security at better choices of privacy.
Think verification of an identity without losing or disclosing the complete identity of the individual.
Here we are going to discuss the major advantages of decentralized data-sharing platforms that have equipped the mind of investors in a short period.
Systemic failure is a failure due to a flaw in the system. Trust is nowhere more crucial than in monetary platforms. Assuredly, the decentralized platforms have gained importance because of its ability to attain user confidence. “And this is one of the reasons why digital exchange platforms are spreading worldwide,” said Todd Crosland, the founder, and CEO of CoinZoom.
In technology, a single loose wire can disrupt the whole system. Just like a website crash. However, using decentralized platforms for data sharing lets you work with lower risks of failure.
“A big reason why we work with blockchain companies is the positive and open culture,” said Poseidon Ho, by open-source projects. It means that anyone can build products, services, and applications, over it. that are not available under closed network systems. Moreover, developers in centralized or closed network systems are limited to the functionality dictated by the central organizations.
The best part of using a decentralized platform is that they resolve trust issues by empowering multiple participants to manage their networks. Corporate giants like Facebook have gone through controversies in national headlines. It is no wonder that putting sensitive data online is under the control of the central authority.
Decentralization overcomes the cynicism by empowering participants to manage the network. Since decentralization does not include any central authority in between, no one has to ‘trust’ anyone to either use it or let things work.
The burgeoning demand for decentralized data sharing platforms is a reflection of growing flaws in the centralized system. One of the best-decentralized media platforms that have proved itself so far is Cryptoknowmics. For sure platforms like these are filling the void in the crypto-space and continuously serving to subdue the unethical practices of social influencing media.