Data is the currency, literally!

This is a repost of an article that David wrote on his own blog on the 15th of August 2017.


Photo by Freddie Collins on Unsplash

In the last post, I discussed “the impossible network“, an autonomous network designed to protect the worlds people and their data.  Before moving on to use cases for such a network, I thought it required a little more clarification.

Many people have said that sounds like project … (insert many blockchain products that store data), however I think this could not be further from the case.  SAFE is an autonomous network for a start, I do not think any other project that manages private and public data claims this (private means it must provide some method of self authentication), but would love to hear of any that did. Never mind one with an inbuilt incentive mechanism.

The currency on such a network would obviously be data, but I do not mean that in some abstract sense, I am literally stating the currency…

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