In the first of our series of pieces looking at the top digital trends of 2023, lead web developer, Craig Wheatley, discusses what the current state of owning our own data is and how Web3 is revolutionising how it can be used for your benefit.
The year is 2023 and with laws like the GDPR and the CCPA, you can be 100% certain that you own all your own data, right?
Unfortunately, this is not the case. While we can be confident in knowing what PII we share with web sites, there may be a lot extra “nameless” information that’s collected and saved that most of us aren’t even aware of.
The time period “nameless” is used loosely right here – as a result of regardless of the information not having issues like your title, deal with or bank card data; it could possibly include behaviour data that could be accurate enough to determine any particular person on earth.
Think about Having Entry to The whole lot
In right now’s internet we are able to solely dream of recording and storing each motion we take, while gaining access to that information on the click on of a button. However the future is coming. With Web3 the information is in your palms, free to change, free to take away, free to provide away – no matter you select, nonetheless you select.
We’re solely a brief step away from having AI-powered medical devices which can use that data to detect early signs of disease and illness. Doesn’t it sound fantastic?
What if a big “big-tech” firm held sufficient details about your each day behaviour that it might be used to detect early indicators of Alzheimers or Dementia.
Feels like one thing it’s best to have entry to – and but that information is locked away behind closed doorways and is used primarily for making a living, none of which you’ll ever see.
What’s going to the Future Look Like?
The ability of Web3 will make sure you personal your individual information and may take it with you wherever you want. Not simply your title, deal with and different easy type fields you fill in however relatively your behaviour information that makes you, you.
While you signal as much as that new video streaming service, there’s no want for passwords, no want for private or monetary data: it’s all simply there, correct, safe and publicly verifiable.
Market leaders, Stytch, are revolutionising the best way we work together with the net, bringing an easier, smarter, passwordless expertise to the plenty.
They provide a totally built-in suite of authentication and authorization merchandise and intention to scale back consumer friction and drive conversion by eradicating the effort of remembering and storing passwords.
