How Can Blockchain Technology Transform Social Media?
In 2019, social media has develop right into a fundamental staple inside the daily lives of 1000’s and 1000’s of individuals all through the globe. At this closing date, it’s laborious to consider a world the place the thought of ‘liking’ a picture on a show display screen is abroad to us.
As per a report revealed by Statista, a staggering 81% of the US inhabitants have been energetic prospects of social media, and the numbers have been solely going to develop from there, with the equivalent report estimating that the worldwide month-to-month prospects of social media platforms have been anticipated to realize as a lot as 3.09 billion by 2021.
Despite the quite a few advantages social media platforms have to provide, there’s moreover a extreme probability of cybercrimes being centered within the route of those platforms. When it includes social media, prospects are better than eager to share delicate information on-line, which many malicious third-parties are eager to make use of, as seen inside the notorious Cambridge Analytica scandal.
Taking the dire threats confronted by social media prospects, new utilized sciences that will protected the digital world are on a regular basis welcome with open palms. Next-generation social media platforms have already started to incorporate blockchain know-how for the amount of administration it gives to prospects over the knowledge they generate.
Before we …