Data Privacy in the Digital Age: Who Profits From Data Control and How You Can Protect Yourself

next generation Data security

next generation Data security

The digital age is here. As most of the developed world is experiencing, more and more of life is proving to be reliant on technology and the pleasures a more connected world brings. From the digitization of currencies, real estate, to virtual reality simulations, technology is inspiring a new paradigm of thought, ethics, innovation, and even life itself. With the emergence of technology as a cornerstone in this new age, data collected through the global adoption of technology is becoming an integral part of the modern human experience. As data emerges as the most valuable asset in the digital age, its storage and control becomes an equally as crucial concept to harness. This article will discuss the realities of data control, who profits off of it, the ethical dilemma that arises because of it, and how you can protect and reinforce your personal sovereignty.

Data is crucial to the daily operations of enterprises, consumers, and the world at large. As such, many companies profit off of the market-wide need for premier, third-party data storage that removes control from the original producer. Whether proprietary software, personal information, or corporate documents, companies are willing to pay top dollar for the peace of mind that their data is protected and soundly stored.

Amazon Web Services dominates retail and enterprise data storage, followed closely by Microsoft and Google. Because of the large market share of each of these companies and their subsidiaries, it can be difficult to store data without leaning on a tech giant. These data oligopolists facilitate a large part of many companies’ ability to function due to the sensitive nature of data and corporate reliance on it, and thus, offer their services at high markups. Additionally, user data is disproportionately stored by tech giants as consumers create data and share personal information through social media and search engines that are kept in centralized databases.

Social media giants such as Facebook have gone under fire for their practice of data misappropriation and potentially unlawful dissemination of user data to third party interests. Despite the inherent unpopularity of this business model, tech companies continue to store and distribute data without significant action taken against them for misleading or hidden terms and conditions that allow them to profit from user data. While tech companies may not always profit directly from the consumers’ pockets, companies with ‘free’ consumer services often employ revenue models that actually profit from the distribution of their user data to interested third parties; recall that in many cases, if one does not pay for the product, they are the product.

Companies like Apple and Microsoft do not need to sell user data because they make money from their products, and their strong privacy policies work to increase consumer trust and future sales. People do not want their data to be taken from them without consent, however, a number of big tech companies continue to harvest data because their business models enforce that user data is more valuable than users themselves. Many remain unworried about data harvesting or see it as a way of paying for certain platforms, however, they remain unaware of how valuable their data actually is. Several companies that offer data management services would cease to exist without data harvesting, or else they would not do it. A subscription model would allow these very platforms to exist without selling data, however, they stand to make more from harvesting and distribution.

True data privacy in the digital age requires a multifaceted approach. If internet users want to protect and control their data for themselves, then it is critical to be sensitive about who they grant access to their data and what platforms they create data within. A Virtual Private Network, or VPN, is a good tool that works to provide some data and location anonymity, however, free VPN’s often have the same data harvesting business model as the tech giants.

Novel approaches to data sovereignty in the digital age have a strong alignment with digital assets and the crypto ecosystem.  Decentralized web browsers such as Brave ensure the privacy of user data and actually reward users for the data they provide to advertisers with the Brave token, the native cryptocurrency to the Brave browser. Additionally, blockchain can be used as a trusted intermediary to disseminate data and sensitive messaging. In the dawn of quantum computing, future-proof security is essential. Crown Sterling‘s Crown Sovereign token provides security resilient to quantum capabilities that is used to protect data transferred across the Crown Sterling chain. The decentralized and free-reigning nature of digital assets position cryptocurrencies and blockchain technology as necessary tools for ensuring personal privacy in the digital age, and thus, we must look to the leadership of Crown Sterling and Brave as pioneers in the next generation of personal empowerment.

As the digital age unfolds, personal privacy is no longer limited to locking your door at night and making sure your blinds are shut, privacy now extends to being cognoscente of which mobile devices use microphones to listen to  personal conversations and which websites track user browsing data, all in the name of data control. In a digital world, cutting-edge approaches to data privacy and personal sovereignty are now required maintain personal freedom. Sarson Funds believes our audience must stay vigilant in order to navigate the next chapter of the human experience, and must understand how the emergence of data sovereignty intersects with the rising prominence of digital assets.

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