The neutrality of the current Internet is in danger.
Have you seen ‘The Great Hack’ on Netflix? It’s a documentary about the Cambridge Analytica hacking scandal, where personal data of millions of peoples’ Facebook profiles were harvested without their consent and used for political advertising purposes.
While watching it, I couldn’t help but think how unfair it is that in today’s digital society, people are being treated like products, because there is no such thing as a ‘free’ platform without YOU being the product. What did reassure me, is that people are sick of having their data used this way. But what they might not know, is that the internet problem is bigger than ‘just’ data protection.
The Internet is growing at an exponential rate. To service this demand, a few large companies (Google, Amazon, Alibaba, Facebook, etc.) have built and continue to build supersized, power-hungry and centralized data centers. These data centers make up the majority of all Internet capacity available today. However, the Internet is expanding much faster than datacenters and the planet can cope with.
In addition to that, the Internet is extremely centralized, with most of these data centers being located in the US. Think of it like electricity. If consumers in, for example, Turkey had to use electricity generated in the US, it would be too expensive and inefficient, because it is too far away. The transmission lines would be too strained and losses and repairs would make it unsustainable. Capacity is like electricity. When centralized, it becomes too expensive and wasteful for remote users.
So what is the solution to these problems?
The Internet needs to be more distributed, cost-effective, neutral, and sustainable. ThreeFold has developed such a new technology, the ThreeFold Grid (Grid) and a token which enables all this to happen.
Combining the values of the ThreeFold Foundation (freedom, equality and fairness) with the technology developed by TFTech (Zero-OS, Zero-Chain, 3Bot) and a digital currency called the ThreeFold Token (a decentralized digital currency and means of payment to exchange autonomous and decentralized Internet services) we believe that we have all the tools in order to actually make a difference in tomorrow's digital world. Question is, are you ready to join us?
Please visit our forum if you have any questions or would like to continue the conversation!
Photo by Linh Nguyen on Unsplash.