Officially "Zero Days" Since Last Privacy Data Leak - When Blockchain?

Once again it has been reported that a popular photo-sharing platform Thete360 has suffered a major data breach. A minimum of 11 million private and public photographs have been exposed. Not all information was leaked but usernames, first and last names, as well as captions, were exposed along with the images.​It was only last month that Instagram had a data breach that left 49 million users actual sensitive data online allowing anyone to access. Data such as biodata, profile picture, the number of followers they have, their location by city and country, and contact information like the Instagram account owner’s email address and phone number.​Even WhatsApp also last month which is owned by Facebook as many of you know, had discovered a vulnerability which let hackers install spyware via an infected WhatsApp voice call.​What are the changes that tech giants and major social sharing platforms would be more secure by using blockchain to store information?Facebook, for example, relies on having access to user data for the core of their business so using blockchain, how do they keep that power without the chance of someone breaching the security?​There are already a few blockchain based social media platforms such as Akasha, Peepeth, indorse and steemit and which are built on the blockchain but none yet have made it into the tradition space yet.​Vid looks really interesting as an Instagram / Youtube alternative. The UI looks great and its main focus is on creating auto-generated video memories and securing them using Zero Knowledge encryption. Not even Vid can see them unless you make them public so no chance of data breaches like current social platforms. Users and influencers can also monetize their content directly with advertisers without the company taking a huge chunk of that revenue.​With over 5 billion users between the 5 largest social media platforms, I think each one of them has experienced a major data leak in its time. It is our content, they make money from it but cannot even keep it secure. We need a big shakeup in the space and I think blockchain can of great benefit if done right.​Source to article -- http://bit.ly/2K1yC48

Submitted June 07, 2019 at 03:27PM