Blockchain as the self-sovereign identity layer of Web3 | The Great Disruption Ep. 10
The big data market had an estimated value of US$162.2 billion in 2021, where most of the revenue came from personal data. As centralized online platforms are generating eye-watering revenues from users’ digital footprints, data owners and producers get nothing in return.
Can blockchain-based Web3 identity return personal data ownership to users? Find out in this Forkast video explainer.
What you’ll learn:
- How centralized social media platforms monetize personal data.
- How Web3 can compensate users for their data.
- How blockchain-based decentralized identities can return control of data to its owners.
- How self-sovereign identity (SSI) will protect our personal data from central platforms.