Data Sovereignty: Consequences and Opportunities that Dictate the Future

Digital asset data Sarson Funds

Digital asset data Sarson Funds

As the digital age commences, data control is at the forefront of a major shift in the human experience. Data collected from internet users is changing the way businesses operate, governments monitor, and people interact and consume. In parallel with society’s emerging reliance on data, however, are the risks posed by bad actors who seize and manipulate data for malicious purposes. Big tech companies track and harvest all data that runs through their systems, making them epicenters of data control, and thus, prime targets to hackers. In tandem, many leading tech corporations have participated in an ethical decline with regards to data control, and legislation lags behind in holding bad actors accountable. This article will discuss the consequences and opportunities of data control and how individuals are awakening to their personal data sovereignty.

Data is a cornerstone of the emerging digital age. As technology progresses, new opportunities arise for companies to harness data and better understand their customers. On the other hand, individuals are alerting to their ability to control their data and those who can access it, as awareness raises about malware, cookies, and data trackers that are downloaded with and without consent.

People are beginning to understand the implications of their digital footprint as it relates to social media and digital marketplace engagement. Thus, the dissemination of user data relies on the ethics of tech corporations, and less so on the users who initially granted them access.  Ignorance to the realities of data control has created widespread polarization and distrust, while on the other hand, mindful action is leading to an emerging class of digitally sovereign individuals.

As data privacy concerns mount, there are few actions being taken by most internet users to mitigate data misappropriation, largely because many do not understand the implications of data control. Even with data breaches and reports of malicious data use, much of the population does not understand how to protect their data from bad actors. People are turning to new messaging apps that promise better protection, but their data continues to be compromised and misused.

Dissemination of information is dictated by a handful of corporations with the ability to divide people against each other by controlling narratives and spreading propaganda. Additionally, algorithms dictating more immersive user experiences on social media and other internet applications are showing people the information that they “want” to see based on their prior engagement. By default, internet users are being quasi-controlled by compelling clickbait that trigger emotional responses, causing freedom of thought to diminish.

As a result of the growing prominence of data in the digital age, data is the most valuable asset in the digital age. In fact, user data is so valuable that big tech is able to offer freemium services because of the profitability of their own data dissemination to digital advertisers. Fortunately, individuals are beginning to recognize the power that they have to control, monetize, and track their data with the emergence of blockchain technology. Those who enact their power to control their own data are positioned for a competitive edge in the emerging digital landscape.

Awareness is spreading about the implications of data sovereignty in the wake of data integrity concerns. Data is being increasingly recognized as personal property, and the line between personal sovereignty and data sovereignty is blurring. Thus, next generation approaches to data privacy, encryption, and monetization are incentivizing people to take control of the data they produce and lean on the disintermediated nature of decentralized technology such as blockchain and cryptocurrencies. As the digital age progresses, the truly free individuals will be those who harness the power and value of their own data, leaving behind digital serfs that remain blissfully ignorant of big tech’s puppeteering within their day-to-day lives.

Crown Sterling, a distinguished thought leader in the data sovereignty conversation, recently authored a Data Bill of Rights, which declares data to be the intangible personal property of original producers, otherwise known as consumers in the digital age. Crown Sterling is among an emerging class of future-focused data rights activists, cryptographers, digital asset projects, and computer scientists who are engineering a future of personal data empowerment.

At Sarson Funds, we closely follow advancements in data security as they relate to the future of the digital asset ecosystem. The mission to empower personal data sovereignty is an essential component for the future of digital assets. We believe that digital asset investors should educate themselves on the implications of data security, and how digital assets and blockchain technology can facilitate a more sovereign future. For greater discussion on the prominence of data in the digital age, stay tuned for our data sovereignty series, publishing every Tuesday for the next six weeks.

Quantum Computing: Your Bitcoin is Vulnerable – Crypto Will Prevail

Quantum Computing Poses a Serious Threat to Bitcoin, but the ecosystem will prevail

Quantum Computing Poses a Serious Threat to Bitcoin, but the ecosystem will prevail

As we have communicated in previous briefings, the advent of quantum computing and the utility behind this technology is an increasing concern for digital asset investors. Thus, the digital asset ecosystem faces three key risks as it maneuvers its way toward a future of quantum coexistence: the vulnerability of modern encryption protocol, lost value protection, and ecosystem disruption. While these risks pose an incredible challenge for crypto to address and overcome, the solutions being derived are shaping up to be the greatest investment opportunity digital asset investors have seen since the birth of Bitcoin. 

Modern Encryption Protocol is Vulnerable

A user’s public key is directly obtainable from their wallet address when transactions take place. If a strong enough quantum computer is utilized, it can quickly decipher the private key through simply knowing the public key. In this case, the world’s most sensitive data, not just Bitcoin, will be vulnerable to security breach. 

According to Deloitte, 25% of Bitcoin’s circulating supply faces the risk of value loss due to future quantum computing advancements. These bitcoins are vulnerable because their owners, who have previously transacted with them, likely lost their private key and cannot reacquire their assets. These lost wallets are at risk of data breach because their initial transaction gives quantum hackers insights into their wallet address, and thus their public key and then private keys. For more information on public and private keys, visit our Digital Asset Investor Guide to Cryptography.

As data emerges as the most valuable asset in the world with our increasingly digitized global infrastructure, enhancing our encryption techniques as quantum computing develops will future-proof the entire universe of data.

Lost Value Protection

The security of digital assets is the underlying value driver of the ecosystem. If the foundation of digital assets – the security that validates their worth – is broken, then the value of the entire crypto ecosystem will be vulnerable if left improperly protected.

Ecosystem Disruption

Once quantum computing’s capabilities arise, the financial freedom that crypto offers will be at risk as investors’ control over their digital assets is threatened, taking credibility away from crypto as both a means transaction and a store of value asset.

Looking to the Future

Naysayers will claim that quantum computing will end crypto. What these cynics hate to acknowledge is crypto’s overwhelming resiliency. Unfortunately for them, the ecosystem has too much momentum to fail. Time and time again, from all time highs to 85% price corrections, the relentless innovation that crypto is founded upon has enabled the ecosystem to bounce back with greater strength, security, and scalability to prove that it is not going anywhere.

The beauty of crypto is that it offers banking for the unbanked, financial freedom for economic instability, and ultimately, hope for the hopeless. Rooted in the vision for a more unified world, crypto’s resiliency will engineer a future of quantum-resistant value protection and financial empowerment.

As revealed on December 7th, Crown Sterling’s quantum-proof encryption solution is pioneering the future of digital asset security. Their application, CrownEncryptOTP, restores confidence to the digital asset community through its integration with the Crown Sterling token, crypto’s first quantum-resistant coin. As Crown Sterling sets a firm foundation for future data security enhancements, the continued effort to protect the world from quantum computing risks will be the greatest investment opportunity of the 21st century, especially for digital asset investors.

By Liam McDonald

Crown Sterling: Digital Asset Encryption’s Quantum-Resistant Solution

Crown Sterling Creates Quantum-Proof Digital Asset Encryption

Over the past few months, we have focused much of our research efforts toward understanding what drives the value of digital assets. Through several months of deep dives, we’ve determined that the underlying value of digital assets is dependent on data security. As we express in our Cryptography Lite Paper and Digital Asset Investor Guide to Cryptography, the next great digital asset investment opportunity lies within the engineering of future-proof encryption solutions that ensure the value protection of the crypto ecosystem.

With the advent of quantum computing, the outdated encryption algorithms that global government, corporate, and financial data rest on are experiencing increasing vulnerability. As cryptography experts have known for years, the only truly unbreakable encryption solution is the one time pad, for which practical use cases had previously been undiscovered, until now. Led by entrepreneur, mathematician, and cryptographer Robert Grant, Crown Sterling has discovered and released an encryption solution that efficiently harnesses the security of one time pads for practical, everyday use. This solution, CrownEncryptOTP, assures future-proof data security even with the continued development of quantum computing, making for what we believe to be the most robust digital asset encryption advancement to date.

Alongside CrownEncryptOTP, Crown Sterling has launched the Crown Sterling token, the world’s first quantum-resistant digital asset. The Crown Sterling coin is a cryptocurrency that embraces the power of CrownEncryptOTP to ensure the timeless protection and value of users’ sensitive data. With one thousand payments per token, users pay for the secure transmission of their data at the market price of three cents per transaction. With this functionality, the Crown Sterling coin shows the digital asset community a clear pathway to a future of indisputable value protection.

As we have committed ourselves to pioneering a future of greater financial freedom, we are cognizant of big tech’s firming grip on society and see it as our duty to empower the world to protect their personal freedom as the line between data sovereignty and self sovereignty becomes increasingly blurred. With the release of their breakthrough technology, Crown Sterling is paving the way for a future where data control is irrevocably granted to individuals themselves, bridging the gap between data and self sovereignty to return true autonomy to individuals.

Providing only the best-in-class education and investment advice for our community, we encourage you to visit www.crownsterling.io to learn more about the cutting edge momentum of the Crown Sterling team and become an early-stage investor in the future of digital assets with the Crown Sterling Token, here: https://www.crownsterling.io/portal-registration

By Liam McDonald