Why a Decentralised Reputation-Based Society is a Sensible Approach

My latest article:

Reputation and shadow reputation are increasingly becoming important in the global village we live. However, trusting people on the internet whom you don’t know has become notoriously difficult. Countries such as China are developing centralised solutions, such as Sesame credit, by these mean the end of privacy. That is why we need a new, decentralised reputation system. A blockchain-enabled reputation system could make your reputation immutable, verifiable, traceable and put the user, organisation or device in full control over their reputation. A decentralised reputation-based society makes so much sense and several blockchain startups are already working on such a reputation system.

Three Useful Nuggets of Information

My weekly tips from around the web to get you thinking.

1. That's it. Goodbye, privacy.

Last Friday, Trump renewed the National Security Agency’s internet surveillance program, providing a major blow to digital privacy advocates. The law allows the NSA to eavesdrop on vast amounts of digital communications of foreigners. (Reuters)

2. Ecuador fights crime, using Chinese surveillance technology.

Ecuador has installed a network of smart cameras across the country. The security system is developed by China and includes facial recognition to bring down crime rates. And it works, crime rate by 24% since the system went live. (South China Morning Post)

3. And then some good news: Happiness is being hashed.

Blockchain offers a tremendous opportunity to create a better world. A decentralised society could foster creativity and improve personal autonomy and happiness. As such, personal happiness can be added as one of the benefits of blockchain. (Hackernoon)