Why Blockchain Technology Matters
The extent at which our online data is stored and tracked has now become widely known. Think about it, in order for google to show you “relevant” ads, it needs to first understand what is relevant to you. To do this they track what you search, what you click, what websites you visit and what videos you stream. After all is said and done, there you are, (or at least the digital you) sitting there in a database, waiting to be looked at.
So whats the problem?
The problem is that this mass amount of data stored about YOU is not owned, or accessible by YOU.
How blockchain can solve this
Blockchain Technology can solve this problem of centralized data systems by creating decentralized, cryptographically secure networks. This puts each user in control of their own data. So example real world use cases for blockchain applications include things like insurance contracts, property ownership, value transfer, personal information and much more. To be frank, the possibilities are nearly endless.