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      "body": "That’s awesome insight ...thx @haejin for sharing with us",
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      "author": "meernay",
      "body": "@ivanli,  it would be privilege to get your thoughts on this",
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      "body": "**Social Networks**\nEveryone wants to be on the internet safely and securely. Young Generation is more than willing to drive their life via \nsocial networks like instagram, facebook and snapchat etc..\nIn this digital era of connected world with social networks, where your every digital interactions create a footprint and every footprint is stored on the servers owned by the companies like Facebook, google, amazon.\nAll these footprints are then used to serve ads, learn more about the user and also getting consumed inappropriately.\n\nMajority of the users have no information on what/how their digital interactions  are getting stored and sold to the companies.\nOwner of the data ( user) are not in the loop  about how the data is being used, mined and monetized.\nIt is estimated the price of the personal data is about 5000-6000 USD/year minimum. With the current  technology available, the owner of the data will never get this money. Instead all big software companies are earning billions of dollars consuming this data.\n\n**Blockchain to Rescue**\n\n![fluence-ico-information.png](https://steemitimages.com/DQmTwtQ9sHMkMuW3ZDLQbEKkeeFGXVtDaLdKDy57UxWmYck/fluence-ico-information.png)\nThe Blockchain technology can be useful to solve this problem of owning the data rights.\nWith the blockchain technology as the backend/storage, we can have more controlled, secure and robust applications\nwithout compromising the use of social media. We could continue using social media and all the cool digital services that \nare emerging with the rise of cloud computing, IoT and AI.\n\nUser can be in total control of their data with the help of blockchain technology. The data is not stored on a server owned by a company. Instead, the data is distributed among the multiple servers with no particular ownership for a server.\nThat way, we can write software policies to give the user complete ownership of his/her own data. If the user wants to \nmonetize their data, they can choose to do so by allowing access to the data for the price decided by the owner of the data. If we really want to believe Facebook and the other companies are doing the right thing, Government should make them store their data on blockchain storage and gives the control back to the owner of the data.\n\nShare your ideas/thoughts on this?",
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      "body": "**Social Networks**\nEveryone wants to be on the internet safely and securely. Young Generation is more than willing to drive their life via \nsocial networks like instagram, facebook and snapchat etc..\nIn this digital era of connected world with social networks, where your every digital interactions create a footprint and every footprint is stored on the servers owned by the companies like Facebook, google, amazon.\nAll these footprints are then used to serve ads, learn more about the user and also getting consumed inappropriately.\n\nMajority of the users have no information on what/how their digital interactions  are getting stored and sold to the companies.\nOwner of the data ( user) are not in the loop  about how the data is being used, mined and monetized.\nIt is estimated the price of the personal data is about 5000-6000 USD/year minimum. With the current  technology available, the owner of the data will never get this money. Instead all big software companies are earning billions of dollars consuming this data.\n\n**Blockchain to Rescue**\n\n![fluence-ico-information.png](https://steemitimages.com/DQmTwtQ9sHMkMuW3ZDLQbEKkeeFGXVtDaLdKDy57UxWmYck/fluence-ico-information.png)\nThe Blockchain technology can be useful to solve this problem of owning the data rights.\nWith the blockchain technology as the backend/storage, we can have more controlled, secure and robust applications\nwithout compromising the use of social media. We could continue using social media and all the cool digital services that \nare emerging with the rise of cloud computing, IoT and AI.\n\nUser can be in total control of their data with the help of blockchain technology. The data is not stored on a server owned by a company. Instead, the data is distributed among the multiple servers with no particular ownership for a server.\nThat way, we can write software policies to give the user complete ownership of his/her own data. If the user wants to \nmonetize their data, they can choose to do so by allowing access to the data for the price decided by the owner of the data. If we really want to believe Facebook and the other companies are doing the right thing, Government should make them store their data on blockchain storage and gives the control back to the owner of the data.\n\nShare your ideas/thoughts on this?",
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