Data security, privacy & individual sovereignty on the current version of the internet is broken.
Identities and private information are being hacked and stolen at an alarmingly exponential rate. Bank fraud losses are in the hundreds of billions a year. New data privacy laws are raising the stakes for enterprises who run afoul of best practices.
As the problem increases in severity we also see a solution rising to meet the demand. The solution is what is loosely being called the blockchain internet.
A new ecosystem of blockchain-powered communication and transaction networks enhanced with unhackable cryptographic protocols that comprise the backbone of what George Gilder calls, “The Cryptocosm”.
Suffice to say, fortunes will be made by savvy investors who can get in on the “picks & shovels” startups that support the scaling of this new blockchain empowered internet.
The Cryptocosm isn’t a theory but a thriving ecosystem ready to take center stage.
We now have blockchain-enabled authentication protocols that can replace e-commerce & cloud-based protocols for authentication & transaction verification.