How is our data being protected in Web3?

[Smilezcryt]

In today's digital world, data is as valuable as money but it's easy to overlook that fact. Many projects leverage user data to identify trends and improve their platforms, but the big question remains: Is our data truly safe in their hands?

 

One of the promises of Web3 is giving users more control over their data. Projects like Ocean Protocol, NYM, and AB are leading the charge in securing user information. AB, for example, empowers users to protect their data through cryptography while allowing them to manage their personal credit and earn profits from their data based on agreed terms. AB's system has three main parts: the foundation, the trading system, and the apps that run on it. The AB token is used for transactions, smart contracts, and decision-making on the network. There’s also talk about the project being listed on CEX platforms like Bitget, with deposits already open. This could bring more exposure to the project.

 

I'm sure there are other projects out there with similar missions, and I'd love to discover more. Have you heard of AB before, or do you know any other projects putting data ownership back into users' hands?

[Newman4566]

In Web3, data protection is enhanced through decentralization, encryption, and user control. Blockchain technology ensures transparency and immutability, while cryptographic methods secure data. Users own their private keys, granting full control over personal information. Smart contracts automate secure transactions, reducing reliance on centralized entities and minimizing vulnerabilities to hacks and data breaches.