The following is a guest-post from Michael Kearney, Esq.*
Last month Datacoup identified consumer demand, decentralized technology, and legislative pressure as the three key ingredients that are coalescing to create a massive shift in economic power from centralized platforms to sovereign individuals. Since that last post, there has been significant movement in these areas. As mentioned, keep your seatbelts fastened.
In the last three weeks, we’ve seen:
Before we give away the recipe, here’s what’s making us thirsty.
The Fatal Conceit
Since the web’s inception, consumers have been conducting their digital lives on faulty architecture. Platform identities have been assigned to us by the host platform through the vehicle of username (usually our email) and password (of our choice). There’s a false sense of ownership when we join a platform: “It’s my email address, and I chose the password”, we muse. One may be inclined to feel in control… But he is not.
Pursuant data created on the platform (think ‘likes’ on Facebook, ‘tweets’ on Twitter, or…
This is part 3 in a 3-part series explaining the protocols we are employing as we move toward decentralization. Our series set-up post is here. Each part in the series will address a particular protocol or solution that sits in between our apps-layer and the blockchain-layer (middle layer in the digram below). This post is focused on the Compute component:
This is part 2 in a 3-part series explaining explaining the protocols we are employing as we move toward decentralization. Our series set-up post is here. Each part in the series will address a particular protocol or solution that sits in between our apps-layer and the blockchain-layer (middle layer in the digram below). This post is focused on the data Storage component:
This is part 1 in a 3-part series explaining the protocols we are employing as we move toward decentralization. Our series set-up post is here. Each part in the series will address a particular protocol or solution that sits in between our apps-layer and the blockchain-layer (middle layer in the digram below). This post is focused on the Identity component:
This is a set-up post for a 3 part blog series about the middle layers that sit in between our app and the blockchain, in our technical architecture.
In 2008, Bitcoin was conceptualized as the first decentralized digital currency. In the infamous white paper, Satoshi Nakamoto designed a peer-to-peer digital currency system that sought to address the underlying issues with single institution/entity control of money. The manifestation of the concept outlined in the white paper gave us a cryptographically secure digital asset (BTC) that can be owned and transacted, by network participants, without having to trust single entities to…
We’re thrilled to announce our partnership with Enigma to build the ability to Search over Encrypted Metadata.
Since 2013, Datacoup has been working to help consumers control/own their data and monetize it for their own benefit. Enigma first popped up on our radar in late 2015, when a Fast Company article profiled the incubatory stages of their project. Enigma spoke about data ownership and privacy preservation in terms that were close to home. We knew they were fellow travelers on our mission.
Digital identities and personal data: A Tragedy of the Commons
The well-documented plight of our digital identities and associated personal data — mapping to faulty internet infrastructure— can best be understood through the framework of The Tragedy of the Commons (TTOC). The theory states that individuals, acting rationally and in their own self-interest, will consume an available “common resource” (ie; not privately owned) to the point that collective consumption by all of the individuals stands to deplete or even destroy the resource, to the detriment of all ecosystem participants. More broadly, the theory observes that people, acting individually for their…
Personal data, privacy and pragmatism
In his seminal books Privacy and freedom and Databanks in a free society, Alan Westin pioneered the notion of consumer data privacy in a commercial setting. Much of his research and publishing was done in the 1960’s and 1970’s. The reverberations from his research and published works were felt across the globe, as technological and business-practice advances prompted the need to address the issue of consumer privacy in novel ways.
Westin defined privacy as “the claim of individuals, groups, or institutions to determine for themselves when, how, and to what extent information about them is…
Data Findings 2 — Bonobos, Men’s Retailer
In our 2nd data findings installment, we’re going to dive into some more purchase information and see what we can unearth.
As a reminder, here is the sample composition
Gender: All males
Age: Mostly 25–35
Location: Mostly coastal US-based cities
Average time range of purchases: 10 months
In our first installment, we took a look at purchase amounts across all categories and across just retail. Judging from our findings, we have a relatively well-to-do group represented in this sample.
From the sample group, let’s take a look at the number of transactions, by…
User-controlled, blockchain-based, backed by the world’s personal data