The Economist once wrote that the most precious resource in the world is no longer oil, but data, and mastering data is the dominant world. Data is an infinite resource. The existence of a personal certificate allows us to contribute part of our personal data while protecting our personal privacy.
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On April 30th, Tesla CEO Elon Musk talked about the Twitter of the founder of Ethereum. On the Twitter, Musk asked the founder V God of Ethereum: "What functions can be developed in the Ethereum?" As a walking spokesperson for Ethereum, Vitalik responded with enthusiasm. He listed the Ethereum's five. Point application.
(1) A globally accessible financial system, including payments, value storage, and further applications like insurance; identity: from “login with Facebook account” to “login with Etherfang account without intermediary”; Have a trust network…
(2) All records that can be chained to ensure security, simplify the verification process; test new human organizational structures; all micropayment applications through payment channels…
(3) Personal data privacy protection machine learning market (you pay me, I allow you to use my certified personal privacy data to achieve the function you want)
(4) Encrypted economy or micro-payment mechanism for premium content publishers; new market-designed laboratories, such as high-frequency batch auctions, combined auctions, automatic market makers; (charitable) stickers or badges.
(5) P2P markets for network-connected or incentive-based mesh networks; creating identity, reputation, and credit systems for those who currently lack resources (such as refugees); decentralized domain name server choices.
At the F8 conference, I talked about privacy issues and whether my dreams can shine into reality.
On the same day, the two-day Facebook Developers Conference F8 was also held. This year's Facebook founder and CEO Zuckerberg gave a speech on how Facebook has built a privacy-focused social platform. Saying that Facebook is going to pay attention to user privacy, everyone laughs, and the "Cambridge Analysis" scandal is still vivid. The impact of personal information disclosure will not be solved in a moment.
According to a poll by Reuters, less than half of respondents believe that Facebook will abide by US privacy laws. In 2016, Professor Shoshana Zuboff of Harvard Business School presented the concept of monitoring capitalism at the University of Oxford's Green Templeton College. With the advent of the era of "big data monitoring", monitoring capitalism as a new type of capitalism quietly Appeared, relying on the existing big data monitoring technology, exploiting the user's "residual data" at almost zero cost to achieve the original accumulation, and then using the "algorithm-based production" method to convert "remaining data" into "predictive products" and then through big data. The monitoring system accurately sells "predictive products" to various advertisers in order to achieve high "parasitic profits."
Cyberspace is the birthplace of monitoring capitalism. Internet technology, as a source of capital formation and wealth creation, takes root and prosper in illegal space. It was first discovered and strengthened in Google, and then adopted by Facebook and quickly spread to the Internet. In the long run, it's really unlikely that Facebook will abandon this way of personalizing social advertising through user data. For social networking platforms, advertising is still one of their most important revenue methods.
Real version of Iron Man high-profile white blockchain technology
Musk's dialogue with V is not the first time he has shown his passion for blockchain technology. The colourful billionaire Tesla initiated a social networking site that emphasized that Tesla's patents on electric vehicles are open source and express SLA does not file patent litigation against anyone who uses our technology in good faith. This extraordinary move has had a tremendous impact on the electric vehicle industry.
In Musk's philosophy, the leading position of technology is not defined by patents. History has repeatedly shown that it is a small protection for certain competitors. At that time, all companies that manufacture electric vehicles and the world will develop rapidly. Benefit from the platform. Musk believed that the innovation before the industrial revolution was similar to individual heroism, such as the four inventions of ancient China. However, the innovations and changes after the Industrial Revolution are hard to complete independently with personal strength. If we need to promote change quickly, we must gather the wisdom that incites all human beings. He calls it the "human giant."
In other words, let other people see the prospects of this goal and the effect of making money, and attract them to invest in this field. The blockchain, in line with Musk's view, is revolutionary in its own technology, as long as it can be developed that blockchain technology can solve the pain points of traditional industries and form a sustainable business model, and because of its financial properties of Token, Attracting a large number of capitals to enter, we must finally rely on the collective strength to promote the development of blockchain technology. Blockchain technology uses programs and code to innovate the trust mechanism of human society and reconstruct all aspects of society. The blockchain provides a foundation of trust, decentralization, and value transfer, allowing people to bypass the large capital or institutions that provide endorsement of trust and directly connect with consumers, thereby eliminating the exploitation of capital.
How the blockchain brings the revolution in personal data protection
The Economist once wrote that the most precious resource in the world is no longer oil, but data, and mastering data is the dominant world. Data is an infinite resource that is owned by individuals and is usually exchanged without transaction value. In most cases, what we are talking about is actually the data you and I have as individuals. But in fact we have been giving up our data, handing it over to various apps, without considering the consequences, so that we forgot that it belonged to us at the beginning. Returning the data to the right place—that is, in our own hands—can solve many of the problems we discussed. We will no longer need to develop common predictive guidance norms. On the contrary, millions of individuals will determine the use of their own data based on their own right and wrong.
So how do you put the data back into people's hands? In the era of blockchain, V God mentioned the third application scenario personal data privacy protection machine learning market (you pay me, I allow you to use my certified personal privacy data to achieve the function you want It can solve this problem perfectly. The existence of the certificate allows us to contribute part of the personal data while protecting our personal privacy, and we can get a certain return. For example, sell your own genetic information and medical information, and consume information to big data companies, hospitals, research institutions, and so on. There is no middleman to earn the difference, the blockchain robs the giants of their business, the user's data is no longer the private property of the giants, but the whole society to share, greatly exerting the value of the data.
In order to better realize the scenario of letting data create value for itself, TEEX Trusted Computing Platform came into being, and combined with Trusted Execution Environment (TEE), blockchain, cryptography and other technologies, provided Layer-2 for the public chain. The privacy solution truly separates the ownership and use of data, eliminating the secondary copying and resale of data, ensuring the credibility, circulation and sharing of data usage rights without changing the ownership of the data. Everything that the user performs on the mobile phone, that is, online behavior, such as chat WeChat, play vibrato, etc., will calculate your income according to the length of time in the TEE's trusted environment, reflecting the value of personal behavior data! The TEEX Trusted Computing Platform is ideal for users who have high-value data, high data security requirements, and an urgent need for data transactions and realisation. (TEEX Trusted Computing Chain)