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Following PayPal, eBay, Stripe, Visa, and Mastercard Leave Libra

Following the departure of PayPal from Facebook’s Libra project—a cryptocurrency that promises to “reinvent money” and “transform the global economy”—a new wave of departures has rocked the platform as eBay, Stripe, Visa, and Mastercard have all announced that they are abandoning ship.
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CYDigital/marteq.io's curator insight, October 11, 8:51 PM

We are not surprised. 

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Recapping the events of Korea Blockchain Week 2019

Recapping the events of Korea Blockchain Week 2019 | The CYDigital Blog | Scoop.it
Vitalik Buterin highlights Grants, Hdac announced new project and Terra proves that it owns Korea
Seoul, South Korea hosted the much anticipated Korea Blockchain Week from Sep. 27, 2019, to Friday, Oct. 4, 2019. The main conference of the event, known as D.FINE, took place between September 30th and
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CYDigital/marteq.io's curator insight, October 11, 12:22 PM

Mike Novogratz, CEO of Galaxy Digital Holdings said:
“There were a lot of junks that raised a lot of capital but did not have sustainability. They promised a lot of protocols and an ecosystem they are going to build, and then they would attract users to the ecosystem making it a speculative asset. In order to keep a speculative market alive, you need fuel in the form of news and updates from time to time.  We must look at these tokens as venture bets.”
It is not enough to just have updates and progress. The token should have value in the system that it fuels. The system should create the value that is the standard on which the token stands. Come see how we are doing this at CYDigital.
Curated by CYDigital: 

Enabling Consumers to ControlOwn Profit from Their Data www.cyd.digital

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Data Privacy and Blockchain in the Age of IoT - insideBIGDATA

Data Privacy and Blockchain in the Age of IoT - insideBIGDATA | The CYDigital Blog | Scoop.it
Blockchain technology may provide a secure medical record storage and disposal solution, but healthcare facilities should be aware of the implications that accompany a healthcare blockchain solution. Healthcare facilities should undergo a HIPAA risk analysis prior to embarking on a blockchain project in order to find and address any vulnerabilities that may be present.

Once that is accomplished, it’s in the best interest of businesses and healthcare organizations to make the switch to blockchain solutions. Blockchain is often referred to as the future of business, and one of the strongest benefits of the technology is also one of its pillars: immutability. When data is entered into the blockchain, it cannot be altered without invalidating all the information that comes after. This keeps data secure and ensures that it is reliable and accurate.
CYDigital/marteq.io's insight:

HIPAA-related, but applicable across the board.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy #datamonetization

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How Can Blockchain Help Secure IoT Data? - ReadWrite

How Can Blockchain Help Secure IoT Data? - ReadWrite | The CYDigital Blog | Scoop.it

The blockchain is a system that stores data differently.

  • The data in an IoT get stored in the cloud storage. Internet connects all the devices.
  • The supply of IoT devices is increasing exponentially.
  • Hackers can enter the system through any device.
  • The episode of service disruption in 2016 is an example of a security breach.
  • IoT generates a lot of information, including personal data.
  • Attackers can steal information for selfish gains.
  • Hackers can steal other important information like passwords and bank details.
  • Criminals can also use surveillance cameras to see the full plan of your house or office.
  • There is a need to protect the data from such attacks.

 

How Can Blockchain Help In Securing IoT?
The blockchain is a decentralized system which can help in solving the problems of scalability, reliability, and privacy in IoT. The blockchain can enable tracking of the billions of devices. Blockchain technology can assist in processing the transactions and coordination between different tools in the system. The decentralized nature of the blockchain system will help in distributing data and eliminate attacks at single points.

CYDigital/marteq.io's insight:

A good primer on the subject. It's a quick read.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy #datamonetization

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5 Blockchain Breakthroughs Coming in the Next 5 Years - SingularityHub

5 Blockchain Breakthroughs Coming in the Next 5 Years - SingularityHub | The CYDigital Blog | Scoop.it
1. Non-fungible tokens (NFTs)
An NFT is a token on the Ethereum blockchain that contains unique metadata that differentiates it from other tokens. While currency is fungible and can be easily transferred, NFTs can be used to store much more complex and individual-specific information.

2. Security tokens
3. Tokenized assets
4. Self-sovereign identity
As cyberattacks continue to proliferate, new forms of identity verification will leap onto the scene to protect users. Self-sovereign identity will allow users to maintain a single digital identity across multiple platforms while selecting the information they wish to share on each. This mode of interaction would drastically transform the current digital marketplace that has turned personal data into a commodity.

5. Free speech
Blockchain allows you to have an immutable record, something that no government can tear down no matter what, because a distributed ledger all over the world is going to undermine the despots, undermine the organizations and the governments that want to clamp down on free speech, and coupled with ubiquitous bandwidth, create a world where everybody is going to be able to have a voice. No speech is going to be able to be brought down or in some way kept away from the masses.
CYDigital/marteq.io's insight:

#5 is fascinating inasmuch as it would capture history in real-time. Regardless, these are just a few ways blockchain can be applied. What about gaming tactics stored on the blockchain for other gamers to use?

 

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Blockchain and Web 3.0: The future of private data protection - JAXenter

Blockchain and Web 3.0: The future of private data protection - JAXenter | The CYDigital Blog | Scoop.it
The development of semantic technologies can further make Web3.0 intelligent. But to make it the instrument of data protection, it is essential to base this technology on the blockchain logic. The real blockchain logic will ensure that we carry our data as locally as possible. The peer to peer review system will keep the users alert of the data block building. However, some of the challenges in the integration of these technologies are :

How to locate and build small servers?
How the protocols can be redefined to enable the data access
How to regulate malicious contents on terrorism, national security etc.
How to share costs of building servers between individuals, government and private entities, without compromising data ownership?
CYDigital/marteq.io's insight:

The CYDigital solution solves this issue! Learn more at our website.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy

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Web 3.0: Browsers With Blockchain And Cryptocurrencies - bitnewstoday

Web 3.0: Browsers With Blockchain And Cryptocurrencies - bitnewstoday | The CYDigital Blog | Scoop.it
Web 3.0 is a controversial term, and each interprets it in its own way. The most common features of this generation are the distribution of high-performance services, a shift in focus from user-generated content to high-quality content that meets the needs of visitors in the best way.

However, in the area of blockchain, the third generation Internet usually has a very definite value, and that is not controversial. Web 3.0 is a global network in which there is no centralization and resources are stored in a distributed way. Users personally manage their own data (identity), services work using decentralized applications (dApp) and no one can control the distribution of information.

Decentralized Internet is a major subject for just one article, and in this text, we discuss one of the solutions for Web 3.0 — browsers with blockchain and cryptocurrency support.
CYDigital/marteq.io's insight:

Exactly where we are.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital #zeropartydata #dataprivacy

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Can blockchain give us back our privacy?

Can blockchain give us back our privacy? | The CYDigital Blog | Scoop.it
Fortunately, there is a third option, enabled by blockchain, the innovation underlying bitcoin and other cryptocurrencies. The same code that identifies each bitcoin as unique and secures the vast Bitcoin network (worth more than $85 billion) against hacking, could do the same for every person. It starts with a digital ID unique to each person, secured cryptographically with a private key pair, and comprised of multiple factors or data points. The more factors, the harder the identity is to fake or hack. Such an ID enables individuals to create and manage their own “digital black box” of private data.

CYDigital/marteq.io's insight:

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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How Blockchain Can Protect Big Data and IoT Devices –

How Blockchain Can Protect Big Data and IoT Devices – | The CYDigital Blog | Scoop.it
So how can customers retain privacy and data ownership? At the same time, how can companies incentivize consumers to volunteer data that can help improve products and services?

The answer is blockchain.

Blockchain technology offers us a way to tokenize data and cryptographically secure that data in private wallets. Cryptocurrency is programmable and can act as both a currency and a conduit for securely delivering and tracking data. Blockchain instills trust in the form of consensus. Developers can code smart contracts that check the integrity of data entered in the blockchain and actively reward providers of “good data.”

These days, almost everything is connected to the Internet. The Internet of Things (IoT) is unstoppable. Now, blockchain can offer a responsible and secure way to manage data in a way that benefits everyone.
CYDigital/marteq.io's insight:

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Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED

Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRE
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How Blockchain Technology Is Transforming Digital Advertising

How Blockchain Technology Is Transforming Digital Advertising | The CYDigital Blog | Scoop.it
Google and Facebook currently dominate the digital advertising ecosystem, controlling an estimated 73% of all online ads. Data collected by the Interactive Advertising Bureau in 2017 shows that 75% of all online ad revenues are dominated by the top 10 companies. The top 25 companies account for an additional 8%, and only 18% of the revenue of the entire digital advertising market is held by the rest of the industry.

The same features that make distributed ledger technology uniquely suited to the optimization of the supply chain industry make it ideal for solving issues plaguing digital marketing. Blockchain’s transparency, traceability, immutability, and efficiency are set to make the digital marketing oligarchy obsolete.

Blockchain technology eliminates the reliance on third-party middlemen crippling the current digital marketing industry. Using blockchain-based platforms, advertisers can connect directly with publishers in a completely transparent manner. The ability to transact via smart contracts ensures that publishers will be able to determine precisely what they are paying for and to only pay if smart contract terms are met.
CYDigital/marteq.io's insight:

CYDigital is way ahead of this forming trend, and getting ready to deliver secure and highly targeted opportunities for Advertisers.

 

Curated by CYDigital: enabling Consumers to capture, share and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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How Blockchain Technology Can Change B2B for the Better

How Blockchain Technology Can Change B2B for the Better | The CYDigital Blog | Scoop.it

Because blockchain automatically checks itself, it acts like a self-auditing system of digital value. The network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions are referred to as a “block”.

The two important takeaways from this are:

Transparency data is embedded within the network and is public.

  • This data cannot be corrupted.
  • The benefit for B2B is secure and safe transactions.

Due to the way data is stored, you and your partner can be assured it can no longer be manipulated in any way that could damage you. The data is not the property of anyone, rather it belongs to both businesses involved.

CYDigital/marteq.io's insight:

Curated by CYDigital: enabling Consumers to capture, control and profit from their data. https://cyd.digital. Follow this blog: https://www.scoop.it/t/the-cydigital-blog.

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