Sphere: Giving you the power to your online data
- cryptotipsbydada
- Jan 26, 2018
- 4 min read
"We don't have a choice on whether we do social media, the question is how well we do it.'' - Erik Qualman
According to statista, in 2019, it is estimated that there will be around 2.77 billion social media users around the globe, up from 2.46 billion in 2017. Social network penetration worldwide is ever-increasing. In 2017, 71 percent of internet users were social network users and these figures are expected to grow.
“Do you have account in Facebook? Twitter?Instagram? Youtube? Whether you prefer to post your trendy photos and show your friends your OOTD look or you’re going for a more editorial style facebook status - there’s always a social media platform for everyone.”
Social networking has truly transformed our way to interact with our friends through different social sites. While social networks, like Facebook, Twitter, YouTube, Instagram and Google+, play a significant role in our lives, they are also a high risk for security threats.
Social media today
Data security. People can easily hacked social accounts even if you have the highest security settings and you can be one of the victims of identity stolen.
Business profits on your social accounts. Did you know that your online activities contribute to billion industries? Have you ever wondered why sponsored ads always link to your interests?
Your browsing data goes directly to advertisers, just like how you see a targeted ads on your social media accounts that is based on your interests. Advertisers know about you and your habits, and users will see ads that are more relevant to their interests.
Online privacy and security data is a very important matter. We need to have increased transparency and more limits on the power our own data. Can we really have more control over our own data?
Let's meet Sphere.
Sphere was built on the idea that privacy, company transparency, and it believes that data security should be the fundamental building blocks of every social platform. They believe that the millions those corporations are making off of your data doesn't belong to them, it belongs to you.
Did I read this right?
Upon checking Sphere whitepaper, (check it here: Whitepaper ) I was completely amazed on how this decentralized social network works.
Sphere’s concept revolves around privacy, company transparency, and data security which should be the formula for every social network platform.
We, the Internet users will now be able to earn and profit from the data they share with companies. Aside from it, there is a data security assurance, where we can communicate securely with friends and family.
So, how it will works?
With the use of blockchain technology, users will share data directly to companies with whom they share direct interests; this ensures that companies reach exactly the right targets. Companies will also benefit from this because this ensures that their marketing campaigns reach their desired audience effectively, cutting down on marketing costs of market strategies.
To better understand this technology, let me define to you what is blockchain and decentralized technology and how it will help Sphere on your data security, privacy and transparency.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. (source: wikipedia)
I know this is a technical jargon in this crypto world but just think about a blockchain as a distributed database that maintains a shared list of records. These records are called blocks, and each encrypted block of code contains the history of every block that came before it with timestamped transaction data down to the second. In effect, you know, chaining those blocks together. Hence blockchain.
Sphere as a decentralized social network. Now, let's define this.
Decentralized refers to the process of something not being under the control of a single center of administration. Opposite of centralized, got it?
So, with a decentralized system, it means that no member of the system has more power over the system than any other member. For example, if you and a friend were to create a decentralized system, neither of you would have sole control over it.
I highly recommend you to visit the Sphere website to check their whitepaper on how awesome their project is and what it could bring to the future of social media. According to official information, aside from data privacy, we can actually make money with Sphere. With every click, with every social connection, and every loaded page you can earn serious cash as they build a better decentralized social network. They also have already built product (on google store and iOS app) and the company is composed of experienced team who has many years of experience designing systems that are secure and capable of managing high volumes.
Download the App here:
But the best part of their projects for me is their marketplace. They will incorporate an e-commerce where registered users can create orders and sell their products or even advertise their services to their friends through SAT tokens or called Social Activity Tokens.
Sphere Initial Coin Offering (ICO) will be scheduled to launch on February 12th, 2018. If you want to be part of this digital revolution, sign up now through this link: Join Sphere ICO and you will have 50 free SAT tokens.
Website : https://sphere.social
Check Sphere Social Media Accounts:
Decentralized | https://cryptotipsbydada.wixsite.com/home
Comments