As outlined previously, Brontech offers what experts demand:
from Luke's article
" Blockchain As A Solution
Computing power coupled with breakthroughs in cryptography and algorithms have led to the creation of distributed ledgers and blockchain technologies. In its simplest form, a distributed ledger is a database held and updated by each participant, also known as a node, in a large network. Every single node in the network processes every transaction, reaching unique outcomes and then voting on those outcomes to ensure the majority concurs.
When a consensus is reached, the blockchain or distributed ledger is updated and all nodes retain a copy of the ledger. Completely transparent, auditable and immutable. The distributed ledger is what keeps the data secure.
In essence, distributed ledgers and the uprise in blockchain technology challenge the concept of the trust held by centralized authorities, such as banks and governments as well as data-collecting mega corporations looking to make a quick buck from analytics firms or third-party app developers.
The fundamental problem plaguing Facebook is that they agreed to let a third party scrape their data, without control of where that data would go next.
At its least, blockchain technology would enable corporations to add a level of unmodifiable transparency to data tracking. At its best, it would give entities power over who accesses their sensitive information.
And perhaps Mark Zuckerberg would be having a better week.
Dr. Jemma Green is the Chair & Co-founder of PowerLedger.io and a researcher and speaker on the enterprise disruption caused by blockchain technology. Disclosure: I own Bitcoin and POWR.
OOK Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held