In many people’s minds, Blockchain is a word that is synonymous with the trade of cryptocurrency. For those who have done a little more homework on the subject, you will have come across ideologies that suggest that the decentralised registry concept of blockchain may have multiple applications in the future. These ideas go beyond blockchain merely being the ideal banking and investment platform. The resilience and adaptability of the system paves the way for just about any form of decentralised data sharing.
With the rate of growth in the tech
sphere, we have already seen new innovations in the decentralised system and there
is absolutely no reason why more and more uses will not be implemented for blockchain
in the near future. Decentralising data puts the power back in the people’s
hands, eradicating manipulation from politically motivated circles that try and
control the way we all live.
CENTRALISED AND DECENTRALISED DEFINED
When we talk of centralised data
systems we speak of the fact that control to the platform is operated from and
stored on a central server or hub. Centralised ledgers and documents can be
accessed on the server and changed, edited and manipulated to serve those in
power. Offices, banks and organisations are all run on centralised networks.
Decentralised platforms, such as
blockchain are not only stored on one server, but on several around the world.
In order to make changes or edits on one is impossible without changing them
all at the very same instant. This task is virtually impossible to do,
resulting in a system that cannot be manipulated or controlled by anyone.
Facebook, Twitter, YouTube, Instagram, and just about every social media and news network in the world is controlled from their own centralised hubs. For the sake of the mandate and mission of each of those magnates, they have full authority to allow and disallow any content that is put on their sites. There are many cases online, where these top service providers make use of their privilege’s and delete peoples posts and comments at will. These companies have their own set of political motivations and ethics codes, which they uphold.
Once the government applies pressure
upon such companies to conform to certain regulations and codes of conduct,
then the public is forced to conform to the expectations of these powers, as
well. We can debate all day long on whether this ability is right or wrong, but
at the end of the day we must all settle on the fact that a centralised power
is able to dictate your views and limit your freedom of speech.
ADVANTAGES OF CENTRALISED CONTROL
Of course, there are certain
instances where censorship has its advantages. This refers to instances where people
cross the line on a moral level, by either abusing/bullying people online,
promoting crime, rebellion, or hate speech, etc. At these times, many of us
might resort to reporting comments to the administration of the site in hopes
that the posts are deleted.
DISADVANTAGES OF CENTRALISED CONTROL
Unfortunately, these censorships do not take into account certain individual cases, where news is being reported by journalists, or where positive activism is in action. The news should never be hushed, as the public has a right to know what is going on around them.
Centralised control also has the ability to push certain agendas by use of propaganda, and expunges all attempts for a voice of opposition.
CONTENT SHARING ON THE BLOCKCHAIN
In the same way that transactional e-currency
data is recorded by decentralised blockchains on the net, so are other forms of
data shared over multiple servers without the threat of manipulation. The
recent attack on many independent news sites in the States has seen an influx
of journalists using Blockchain sites in order to make sure that their voice is
There are a number of sites that invite people to share their views in a decentralised space. Some of the more notable companies include:
BitTube: This a social sharing platform like YouTube, where the public is able to post uncensored video and sound content for all to see.
Steemit: This is a social media site based on Blockchain technology. This platform pays its content creators rewards from the mining pool for their involvement in the site.
ADVANTAGES OF DECENTRALISATION
The advantages of decentralised data is the direct opposite of centralised data. It gives a voice to one and all and offers a freedom of speech platform like no other. No government or other agency is able to change or edit anything said. In order for them to shut down proceedings, they would need to shut down the company in charge of the platform, but even then, the chances of deleting the data are slim.
Content contributors can remain anonymous to the public on the blockchain. Because it is unregulated, there is no reason to register your full particulars on the site. This safeguards users from abuse and bullying.
Some of the top decentralised sites
offer customisable filters to allow customers to vet the things they are not
interested in seeing.
DISADVANTAGES OF DECENTRALISATION
The disadvantages are clear. It
means that unsavoury things may have a chance of getting out into open space.
Fortunately, some of the sites have filters on them as stated earlier, but this
does not ensure that certain things that you don’t want to hear or see won’t
get through every now and then.
WHAT IS THE IMPACT ON BLOCKCHAIN ACTIVITY AS A WHOLE?
Though one can argue for and against the value of truly free speech, one thing remains encouraging with regards to the topic at hand – It empowers the cryptocurrency and decentralised banking industries. Any and all exposure to the Blockchain is great marketing for Bitcoin and its cryptocurrency piers. This is encouraging for Bitcoin businesses and is sure to have a part to play in its future success.
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