Why Your Personal Big Data Should Matter More to You
How many times have you clicked or signed ‘Agree’ to a bunch of fine print you haven’t actually read? Probably 100% of the time you’ve been presented with it, right? No one has time for that and big companies know this, that’s why they take advantage of that fact. More often than not, one of the aspects of the agreement no one bothers to read is to give companies free range to use your personal big data as they please. The way they please means: Profiting off of it.
Companies profit from your information by selling it to third parties, such as marketing research firms. Big data is one of the most valuable resources in today’s economy, and the industry with one of the biggest slices of the pie is the telecom industry. Apps you use, how long you use them and other vital information is helping those apps better direct ads to you based on your personal information such as age, location and interests.
Think they should cut you some slack on those data overage charges since they’re banking off your big data so much? We think so too, but better yet, we think you should be the one to own your data and have the power to sell it or not. We, at ElyNet, are developing a new mobile service where you will be able to store your personal data and have the opportunity to monetize it, should you choose to do so.
Storing personal information doesn’t come without its risks. Data leakages and hacks from some of the world’s top companies have been making headlines these days. That’s because they tend to store all of your information in a central place. We, however, will be storing and ecrypting your sensitive information on our blockchain, which is decentralized, so it’s safer. One door is easier to break into than a bunch of doors scattered across the world, right?
Sure, one person’s personal big data isn’t worth a whole lot compared to 100,000 25–29 year old’s living in Manhattan that all use Pinterest 2 hours a day, but at least you’ll have a choice in the matter. It seems that a majority of telecom subscribers don’t even know this stuff is happening behind the scenes, so putting consumers in the know is one of our priorities as a transparent company.
ElyNet has big plans for the telecom industry and we hope you’ll come along for the ride! Follow our LinkedIn page to stay up to date by searching ElyNet in the search bar.