THELOGICALINDIAN - The contempo Facebook fallout spells bad account for the amusing media behemothic It additionally highlights the accent of blockchain technology in attention individuals data
The New York Times and The Guardian’s Observer appear on Saturday that Cambridge Analytica — a political abstracts analytics close — break acquired admission to added than 50 actor Facebook users’ claimed data. The amusing media aggregation did not acquaint afflicted users, admitting actuality absolutely acquainted of the affair back 2015.
In accession to causing cogent accident to Facebook’s stock, the account has served to highlight the absolute abeyant abaft blockchain technology in attention users’ data. RBC Capital Markets analyst Mitch Steves told CNBC’s Fast Money:
However, blockchain technology isn’t absolutely a be-all-end-all advantage back it comes to buying of advice on amusing media platforms like Facebook — as companies abhor to accord up control. Noted Steves:
Still, individuals like Susan Och, a chief adolescent at the detached New America anticipate tank, accede that Facebook’s latest blooper shows why decentralization is so important in today’s society. Said Och on Wednesday’s Closing Bell:
Steves is conspicuously bullish back it comes to cryptocurrencies and their basal blockchain technology.
In aboriginal January, the RBC Capital Markets analyst told CNBC that blockchain technology and cryptocurrencies are a $10 abundance market. Said Steves:
His anticipation comes from demography one-third the estimated $30 abundance in assets from adopted funds and gold.
What do you anticipate about Facebook’s latest abstracts leak? Do you anticipate this accident highlights the accent of blockchain technology? Let us apperceive in the comments below!
Images address of Wikimedia Commons, Adobestock, and Bitcoinist archives.
