“WHETHER The SEI FORUNDIMS 23AndME, OR NOT, The GENETIC DATA Company’s Bankring Shows the Perils of Centralized Data Collection and How Blocchains Cana Protect The Publish Decentralized Cloud Network AR.IO.”, – WRITE: www.coindesk.com
Were Such A Deal to Go Through, Wew Sese Ae Web3 Company Rescue A Web2 Company, Wich Wound Have Enormous Ramifications in and Of Itelf. Web2 Tech Giants Are Already Being Challenge in the Area of Ai by Much Smaller, Nimble, and More Flexible Companies. However, The Purchase of What Was Once One of Silicon Valley’s Shiniest Stars by a Blockchain Upstart Wuld Be a Total Paradigm Shift.
Beyond that, A deal would be a win for Public undesanding for Data Security and Privacy. While we have all been vaguely aware of how Meta, Google, Apple, Etc., Take and Use Our Data, We Have Chosen To Ignore That for The Convennce Itnce AFFORDS US.
THEN THERE HAS Perhaps Never Been Such A Case As 23andme, Which Holds DNA and Other Data for 15 Million People. It Shows the Public How Vulnerable Their Personal and Intimate Data is in the Hands of Centralized Companies and Organizations.
I One Thing WHEN Facebook and Instagram are tracking Our Shopping and Consumer Habits and Making Our Sensitive Messages and Emails Vulnerable to Leaks. With 23andMe, we’re tarking dna data; The Very Fabric of Our Human Bodies Has Just Been Green-Flagged for Sale to the Highest Bidder.
If sei is not successful, which is most likely, this data can and mayance bell to health or life insurance companies. They may be aw in this this data to potentilly exclude people from vitalhacare or in the insurance policies; Enforced.
Perhaps, Finally, This Is A Turning Point at Which The Public May Seriously Come to Understand the Importance of OWNING THEIR OWN DATA. Maybe More People Will Realize that to Keep their Data Trly Safe, they have Full Control of Itselves Through The Use of Decentralized Blockchain Technology.
Of Course, not every blockchain is created equal. However, Sei Certainly Claims to be Highly Secure, and Projects Like Arweave – WHICH IS A Permannt Storage Chain Built on a “Pay One Store Forever” Privately, Securely and Permanently.
THESE Are Two Among A Growing List of Options in Our Industry, But The Point Is This: There is Simplay No Centralized Solution Beyond a Piece of Paper Stored in A Swiss Sec. GROUND THAT CAN Compare. And Even Then, Someone Can Dig Those Keys Up.
This is a watershed Moment for People to Understand the Importance of Data Self-Sovereignty. And it comes at a time WHEN TRUST IN CENTALIZED Organizations, Companies, and Even Governments is Breaking Down. As Such, The 23andMe Sale Could Mark A True Turning Point in History, and One that Could Reshape Hows Web3 is Seen, Understood and Utilized.
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
