Such approach with use of blockchain technology in SM.would be great and the most fsir for users.
But I don't think they are interested to implement blockchain because they don't see their own interest in it. I think that only some kind of regulation could force them into it and that is not very likely.
Topic: Does blockchain have an impact on SM? What d u think? (Read 308 times)
No, they don't. Most SM sites are centralized one which contradicts the blockchain's principle. Ordinary database will work better for that, the only thing for having blockchain or let's say as its become tokenized as SM's rewards system which is a good one but that will only attract those who want to earn regardless its quality contents.
If implementing blockchain on SM could fight the fake news, it might be a great help, maybe.
If implementing blockchain on SM could fight the fake news, it might be a great help, maybe.
Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
One problem we have today is the growth of monopolies, arguably, so that's an obstacle to the use of blockchain on social media. Increasingly auto manufacturers are willing to test digital ledger technology (DLT) to reward users with data they provide, so we are seeing the growth of blockchain and DLT use. Social networking data is another use case, but I fear it will require users forcing it on companies that may not want to be transparent about how they harvest and use data.
The problem is these companies are centralized and may want to preserve the status quo.
It will be really hard to de-throne giants like facebook or instagram. It's also possible to make a ''decentralized'' social network without using the blockchain or any cryptocurrency. You could in any case accept crypto as payment or issue payments in crypto for people looking to advertise, overall, I don't really see any benefit.
That is a great thing about blockchain technology there are other purposes that we can use it not only in a growing list of records but with the users of social media and I think everything that is digital or digital records, I have watched a Youtuber that he would like to suggest the government about his petition to used Blockchain technology in certain Election, For Voting to be secure and digitalized and he really wants the election to level up in his country to prevent certain cheating, I guess because of the animosity and security of blockchain it can really be used if it is digital or online.
Privacy in social networks has become a global problem and there is a lot of effort to protect user data, but it's not so easy. Governments want to know more data as well as marketers. The most important thing is knowing how to use your data, letting them do it, and blocking them whenever you want.
The use of blockchain will not make a real difference but a user like Satoshi may create a completely transformative idea with what happened in BTC.
The use of blockchain will not make a real difference but a user like Satoshi may create a completely transformative idea with what happened in BTC.
I'm pretty sure that some social media giants are now studying blockchain technology and how it can improved their data storage, specially if this technology will cut their budget allocated on their infrastructure, i.e. server's, server's management, operations and the like.
So it might take some time to see social media companies switching to blockchain technology. But I'm sure that some of them will because of blockchain advantages. They are storing lots of data and this is where the strength of blockchain is.
Based on what I have heard, it does seem like Facebook might integrate the blockchain into their system since they really appreciate what it has to offer, but this might take time(Several years probably). So it might take some time to see social media companies switching to blockchain technology. But I'm sure that some of them will because of blockchain advantages. They are storing lots of data and this is where the strength of blockchain is.
https://toshitimes.com/what-is-facebook-doing-with-blockchain-behind-the-scene/
I'm pretty sure that some social media giants are now studying blockchain technology and how it can improved their data storage, specially if this technology will cut their budget allocated on their infrastructure, i.e. server's, server's management, operations and the like.
So it might take some time to see social media companies switching to blockchain technology. But I'm sure that some of them will because of blockchain advantages. They are storing lots of data and this is where the strength of blockchain is.
So it might take some time to see social media companies switching to blockchain technology. But I'm sure that some of them will because of blockchain advantages. They are storing lots of data and this is where the strength of blockchain is.
the problem is that if you want to use blockchain technology in centralized way for a social media platform then there is no point, using the old way of a simple database is more efficient and makes more sense.
if you want to use it in a decentralized way then you will face a very big issue of the availability of that blockchain and also the enormous size of the blockchain that everyone has to download just to be able to have a Facebook-like account.
this may be the reason why we still don't have any decentralized platform either. for instance the biggest one which kept talking about it (Steem) turned out to be a centralized website like reddit,... with no difference!
if you want to use it in a decentralized way then you will face a very big issue of the availability of that blockchain and also the enormous size of the blockchain that everyone has to download just to be able to have a Facebook-like account.
this may be the reason why we still don't have any decentralized platform either. for instance the biggest one which kept talking about it (Steem) turned out to be a centralized website like reddit,... with no difference!
Steemit is probably the first ever blockchain based social media that became successful, but didn't hear any other prominent names after that! But Steemit is not a full fledged Social Media platform like FB.
I consider success basing on the results of the project. And the quality of top rated content from Steemit is absolute garbage. On any other platform even the shittiest bloggers are making much more money than they could make on steemit.I don't think your statement needs contradiction, not at least from me! However, the focus of Steemit is not to create great content, rather to create money for the users which initially made them very popular! People who have joined Steemit in their initial days, made unbelievable amount of money but with time, their reward has come down because the number of contents went up!
Having said that, we also need to agree on the fact that, steemit is the pioneer of the content rewarding platforms and widely popular compared to any other similar platform running on blockchain!
Blockchain could work and could shine without the help of social media. Especially now that it's popular and continuously growing.
We all know that Blockchain has been on the social media trends but it still bloomed when they banned it.
It's better without the influence of social media.
We all know that Blockchain has been on the social media trends but it still bloomed when they banned it.
It's better without the influence of social media.
We're yet to see a working social media platform that peruses the blockchain on some of its services, though Facebook has already announced its involvement in the said tech, I still don't think that they are really thinking of launching a service connected to the blockchain in the soonest of time. Also, I can see no probable and suitable integration of the said tech in social media platforms. Perhaps its better to leave these platforms as is and not just ride the hype of the blockchain as nothing will ever change except for marketing purposes, of course.
If we'll talk about the previous situation of cryptocurrency, Social media has a very big impact on it especially on blockchain advertisements and Ico endorsements. However, we have found out that without the influence of social media, blockchain could still continue soaring. When social media apps have banned cryptocurrency, it still stood firm and still getting better right now.
As we see, most of the recent media trends are related to the control of the social media. Facebook and twitter are banning people for any kind of right wing posicions in discussions. Government is using social media to track criminals and other militaristic stuff. There is no way for those people to loose control of media resources. Corporations have too much money to keep their dominance.
Steemit is probably the first ever blockchain based social media that became successful, but didn't hear any other prominent names after that! But Steemit is not a full fledged Social Media platform like FB.
I consider success basing on the results of the project. And the quality of top rated content from Steemit is absolute garbage. On any other platform even the shittiest bloggers are making much more money than they could make on steemit. Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
According to my experience and understanding of blockchain technology, it can definitely be used in Social Media platforms to provide better control to their users. But it can also be done without blockchain as well but with blockchain, the end user will be able to verify the robustness of an website's data security!
However it's easier said than done! The matter is fairly complex to execute. We have seen a number of social media popping up in last 2-3 years using blockchain technology but majority of them didn't last very long!
Steemit is probably the first ever blockchain based social media that became successful, but didn't hear any other prominent names after that! But Steemit is not a full fledged Social Media platform like FB.
Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
The control and ownership of data have been debated in the past, today and even into the future all because data is a big commodity and its value can accelerate in the years to come. In the social media scene, the use of blockchain technology for user-generated data should be used and tested but even if there have been many good project proposals for such an idea it seems that nothing took the market by storm. Well, maybe because people are still adhering to the traditional way of doing things as done by our current and top social media sites. Hopefully, there would be projects to implement this idea which is essentially returning the power of something that users are themselves generate: the data.
Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
And many social networks would like to make a method of payment tokens. But here their position is not too correct in my opinion. This is not the full inclusion of the blockchain in the ecosystem, which would lead to more transparency in the relationship between the user and the system. This desire to maintain control, only allowing users to use digital currency. That is, the practice of obtaining commercial benefits for social networks is still preserved even without the consent of the user.Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
And many social networks would like to make a method of payment tokens. But here their position is not too correct in my opinion. This is not the full inclusion of the blockchain in the ecosystem, which would lead to more transparency in the relationship between the user and the system. This desire to maintain control, only allowing users to use digital currency. That is, the practice of obtaining commercial benefits for social networks is still preserved even without the consent of the user.Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
And many social networks would like to make a method of payment tokens. But here their position is not too correct in my opinion. This is not the full inclusion of the blockchain in the ecosystem, which would lead to more transparency in the relationship between the user and the system. This desire to maintain control, only allowing users to use digital currency. That is, the practice of obtaining commercial benefits for social networks is still preserved even without the consent of the user.
Social networking databases are a valuable resource because information has always had a price. And users have the right to control how that data is used. Therefore, the blockchain technology should be integrated into social networks, so that at last the user has the opportunity to control how the information is stored and used. But have u seen SM that use blockchain?
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