Could A Blockchain Facebook Alternative Ever Catch On?
With the phrase “if you’re not paying for it, you’re the product” now closely associated with the world of social networks, the assumption that compromising on privacy and data harvesting is the only way to access a free social network is now deep-rooted.
Over the past few years, incidents such as the Cambridge Analytica scandal have exposed the data practices of social media giants, and as a result, a number of users are logging off for good. According to a study conducted by Pew Research Center last year, 44% of younger users in the US have deleted the Facebook app from their phone.
But will a new form of social media ever take the place of the likes of Facebook, Twitter and Youtube? For some startups, the solution to the problems associated with centralised social networks lies with the blockchain. READ MORE ON: VERDICT