Photo by Rachit Tank on Unsplash
Brief History of WhatsApp
WhatsApp was founded in 2009 and later bought by Facebook. The acquisition of WhatsApp is the largest Facebook has ever made in its history.
Facebook made improvements to the platform after acquiring it. The most important update was the introduction of end-to-end encryption for messages, photos, videos, and group messages.
Privacy improvement was meant to make WhatsApp a safer messaging platform where users could communicate freely. However, after the phone of the CEO of Amazon, Jeff Bezos, was allegedly hacked through WhatsApp, users are now questioning the safety of the application.
Jeff Bezos Hack
According to reports, the hack stemmed from a video that had been shared via the mobile messaging platform.
Hacks Fueled by The Need for Data
The business of data is a booming one. It has the potential even to influence election results as was seen in the 2016 US presidential election. It’s a no-brainer that companies are in constant search and need for accurate data, will pay almost anything if it fits their desired data sets.
As long as there is a need for data, people will devise more cunning ways to collect data.
Keeping Your Data Safe
The data privacy debate has resulted in legislation that cares for the safety of the user. These are being implemented especially in the European market and can be seen through the privacy updates being made by various applications.
The root of the problem stems from different sources but mainly from the use of a centralized network. Centralization is the main vulnerability in almost every network. Despite the numerous attempts to secure servers, as long as they are part of a centralized network, the efforts are made in vain.
Centralization gathers data to one central point making the point lucrative to hackers. A successful hacking attempt results in access to the entire network or sets of data stored.The practical solution is a decentralized adoption platform. This greatly increases data safety while demoralizing hackers through decentralized storage.
The easiest way of upgrading the security and control of your data is through adopting blockchain technology.
Already, there exist thousands of applications that provide services similar to those of centralized platforms.Decentralized applications for social media, video streaming, data management, supply chain management, and a host of other industries are all represented.
Further, adopting blockchain will probably result in the creation of new revenue streams. Most of the established applications reward their users with cryptocurrency for participating in activities within the platform. The cryptocurrencies have the potential to change in value, which may result in gains when traded over exchanges.
However, the main advantage of blockchain adoption remains the privacy and security of user data.
Blockchain Platforms Can be The Answer to The Privacy Question
The platform has features that encourage users to submit their data voluntarily. Their main feature, Surveys, is specially designed for data consumers and producers.
Through their network, data consumers can request for a specific data set from the platform. This is done by creating a survey on the platform. Participation in the survey is open to everyone stated by the data consumer. Moreover, compensation is given to every data producer who fills out the surveys.
Thus, the data industry collects data ethically, and users are fairly compensated through Instars.
For the data industry, adopting blockchain technology would mean less legal battles and more accurate and ethically collected data.
There are many d’Apps that excel in their respective industries. Blockchain adoption by enterprises would help solve various challenges in banking, supply chain management, healthcare among many others. In fact, in all of these industries, data security, which is a major challenge, will be greatly increased.
Having crossed the two billion-user mark, there’s only so much that Facebook can do to protect user data on WhatsApp.
It’s time for users to take their data security seriously by adopting decentralized networks that are safer, more secure and increasingly becoming efficient in their operations.
Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DY
♂️ Hi, my name’s Sal.