Decentralisation – Power to the People(BLOCKCHAIN)

 Decentralisation – Power to the People

The dynamics that drives blockchain development at a superfast pace is the willingness of an army of coders, developers and computer science volunteers that continuously improve blockchain protocol and the applications layer on top of blockchain.Up until now, tech titans the likes of Google, Facebook, Apple, Alibaba and Amazon, Baidu and Tencent aggregated and captured the value of data and stored it in their own proprietary data silos, unwilling and outright refusing to share it unless paid for.Today’s internet is composed of a “thin” protocol and a “thick” application layer where the true value is created by internet users around the world of which the resulting data is then stored and controlled by the tech giants of the modern world.Blockchain flips the equation, it’s a “thick” protocol layer and a “thin” application layer which is the exact opposite of internet protocol.Unlike today’s internet, blockchain is open source and a decentralised network of nodes on which the storage and replication of all user data is transacted across the protocol itself as opposed to data this is stored in “corporate tech silos” and can only be accessed through applications that is layered unto the internet protocol.In simple terms, all data on today’s internet is stored and controlled by private companies in proprietary silos whereas on blockchain, all data becomes publicly accessible and that’s the beauty of blockchain. It makes data available to everyone that then can be used to develop new applications and eco-systems to the benefit of the general public at large.The ultimate aim of blockchain developers - as well as the true believers of “net-neutrality” – is for a genuinely “free” internet that is available to all without constraints or profiteering by big tech. We are now only short distance away from blockchain becoming mainstream and replacing the “controlled’ internet as we know it today. And that means more power to the people.