28 Jan '16, 6pm

Bitcoin and the Future of User Monetizable Data

Bitcoin and the Future of User Monetizable Data

Imagine a world where personal data isn’t just something that consumers give away – a world where terms of service agreements read more like shareholder agreements or term sheets, a world where your data makes you money. Earlier this week during a lecture on Bitcoin Engineering at Stanford University, 21.co CEO, Balaji S. Srinivasan, presented this exact world, one in which data is owned and monetized by the individual. He laid out an in-depth use case whereby Instagram could become the world’s largest stock photography site – with each user making money. Personal Data as an Asset Class In 2011, the World Economic Forum, in collaboration with management consulting firm Bain & Company, published a report targeted at executives in the telecommunications industry titled, “Personal Data: The Emergence of a New Asset Class.” In the report, they described “personal data as the n...

Full article: https://bitcoinmagazine.com/articles/bitcoin-and-the-futu...

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