PIPE will revolutionize data ownership, and the current internet is ready for it. The fact that Google, Amazon, Microsoft, Facebook, and Twitter have repeatedly shown that they cannot be trusted with their users’ information demonstrates this point.
The advantages of cloud computing, global social media, low-cost communication, and e-commerce with overnight shipping come at a cost. They also make it easier for hackers to breach data, spread propaganda, and manipulate elections. The real problem here is “Who owns data?” and “Who owns your digital twin?” Is that the company storing it, or the real-world counterpart of the digital twin?
Cryptocurrency promised people the ability to own and protect their own data, but until now there was no reliable way to do it. PIPE Network offers a solution with verifiable and immutable storage capabilities that can be applied in real world use cases.
The private cloud provides the flexibility and uptime that were supposed to come with cloud storage, but without middlemen like Amazon, Google, and Microsoft, who claim ownership of your data and charge you for it.
- It’s finally time to conclude: renting computers is (mostly) a bad deal
- Amazon, Microsoft, and Google face UK probe over dominance in cloud computing
- Accenture Ransomware Attack Breached Proprietary Data
“The cloud” was a great idea because it opened up data silos and promised companies flexibility and lower costs. But the few big corporations that claimed monopolies over their clients’ data became the real winners, not their customers. With PIPE you are in control, and only you decide if your data stays private, gets shared with someone you trust, or is offered on a data marketplace. The PIPE Network safely stores and transmits your data without relying on Google, Amazon, China, or Turkey’s permission.
PIPE makes it easy for anyone to build the next WeTransfer or Dropbox. Owning the $PIPE token gets you as much storage space as you need, and allows you to send it anywhere – or keep it secure until you need it again.
Call it the metaverse or social media 2.0: control over your privacy will be an option again. You will no longer be the product if you don’t want to be.
- 533 million Facebook users’ phone numbers and personal data have been leaked
- Fresh Cambridge Analytica leak ‘shows global manipulation is out of control’
- “If You Are Not Paying, You Are The Product”: What Social Media Firms Do With Your Data
The Web3 paradigm of read-write-own will profoundly alter the way social media is used. PIPE scales well enough to host the next Facebook or Twitter, while giving users anonymity and control over who sees their online behavior. PIPE also enhances innovations like non-fungible tokens (NFTs) by adding data channels that immutably register everything your NFT does, without paying any smart contract fee for every like, share, or game-win.
By putting the users back in control, PIPE will make web3 social media safer and more user-friendly. Because PIPE is decentralized and focused on interoperability, you can take your data elsewhere if you don’t like the platform. And that’s not a bad idea because the people in charge now don’t have any better ideas about how to run it than you do: Elon Musk’s texts shatter the myth of the tech genius.
Data ownership means you can sell your data, and introduces an incentive for you to make sure the data is correct and as valuable as possible. This makes decentralized data markets more than a cost for buyers; they will get better information too.
- How Much is Your Data Worth? The Complete Breakdown for 2021
- Towards a Decentralized Data Marketplace for Smart Cities
- The 1-10-100 rule: The real impact of poor data
More reliable data is not just a nice-to-have; it can severely reduce handling costs and errors from bad data for businesses by following the 1-10-100 rule. Companies are already buying your data, but now that they are buying it directly from you, they demand higher quality. This synergy flips the current data economic model and will revolutionize data ownership.
As a consumer, having a reliable data provider doesn’t just give you cash in hand. It can also make your life easier and at a lower cost. Think of lower travel costs because you share the flexibility in your commute schedule. Or lower energy costs, because your house can heat up while energy is cheap, or not heat up when you’re suddenly away for the day.
A decentralized data market drawing immutable and verifiable data from PIPE protects your privacy while increasing your comfort. There’s no more need to give everything to Google.
Home IoT systems make life easier, but they come at a cost. Their security is notoriously poor, and data is processed outside your home, risking huge security and privacy breaches.
- Researchers discover multiple vulnerabilities in Samsung’s SmartThings platform
- Amazon’s Ring products have made it more difficult to exist in public without being recorded
- All of your smart devices are spying on you
- Smartphone sensors can be used to infer a user’s mood, stress levels, personality type, bipolar disorder, demographics, smoking habits, overall well-being, progression of Parkinson’s disease, sleep patterns, happiness, levels of exercise, and types of physical activity or movement
- 2 Billion Records Exposed In Massive Smart Home Device Breach
- The inverters of nearly a million solar panels installations world wide have been highly vulnerable to cyber attacks
PIPE makes it possible for decentralized smart home apps to be as convenient and easy-to-use as centralized ones, but you control who has access to your data. Home IoT systems make life easier, but they come at a cost: loss of privacy and security. The European Union’s Cyber Resilience Act aims to improve the protection of these devices. But your data will still be legally collected in the cloud to make your device “smart,” and this data could be leaked or sold to bad actors.
Amazon Ring is a good/bad example of this. Being able to see who is at your door – even when you’re not home – is great. However, your data is being collected and used for other purposes than being a doorbell. This is for a doorbell you buy, pay a monthly subscription for, and that uses your internet connection.
With a decentralized CCTV application built on PIPE, people, businesses, and governments can use this technology while minimizing the problems Amazon Ring creates.
Smart data companies connect to web3 on HUB. Our platform integrates PIPE data channels with IoT, DID, and NFT use cases. It combines the reliability of a decentralized network and the ease of use of a centralized platform.
TangleHUB will not build these example use cases like a CCTV doorbell, or the next Facebook, Twitter, WeTransfer or DropBox. The potential of PIPE is much bigger than one company could or should build.
TangleHUB instead enables others to easily connect millions of decentralized data channels to their real-world use cases. Basically, if a function makes PIPE more usable for a large number of users, TangleHUB will offer it as-a-service on HUB. Developers and product owners can then concentrate on building their unique products. HUB saves them hours of development time and outsources code maintenance.
Do you have ideas on what to build with decentralized data storage or transfers? Talk about it on our Discord or sign up for our newsletter to learn about other ways to use it and new things we’re doing.