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by tyleraldrich
3483 days ago
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Sure, blockchain-based applications might have that ability... but what incentive do companies like LinkedIn have for doing this? What incentive does any company that uses these dark patterns constantly have to use a blockchain-based application? Especially because most of the time, the users data is the profit machine, so companies certainly want to own the data that backs the application. |
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They don't have any incentive and I suspect they will hold onto that data until it's "pried from their cold dead hands".
I think that companies like LinkedIn and other massive data silos are going to atrophy and die as users migrate to new platforms that treat them better and give them more control over their data and experience. I'd like to point out that while there is little incentive for current companies to adopt this architecture, it doesn't mean that new companies won't be successful implementing their business under this architecture. Admittedly, almost all of this is utterly unproven given the newness of blockchain based application platforms.
One way to look at this is that the current model of internet companies is highly anti-competitive. The data they "own" is really the data of all of their users who can freely give it to any other source they choose. The fact that they have control over the database is what gives them the competitive advantage. These new application platforms which have open public databases can change the game such that the previous closed-data model can no longer compete.