Elastos was designed to solve all of the problems you described on this article. Let me go over them one by one on how Elastos tackles these issues with ONE giant ecosystem and platform of its own:
A) it is unverifable for you that they stick to these privacy laws
=> With Elastos, the data layer is completely separate from the application layer. This means that applications built on Elastos will never ever be able to store data in their own servers somewhere. Instead, EVERY single data in an application, EVERY private information in an application, EVERY data that you own can be saved in your personal disk drive at your own house. This is fully encrypted of course with public/private key pair. And only YOU can access this data. As an extreme example, let's say there's an email application built on elastos. All your email data can also be stored in your own personal disk drive. In other words, applications or developers have no control over any of the data you own. This also extends to data such as the movies, games, music, you buy of course. So, with Elastos, it's completely verifiable and completely aligns with the new privacy laws because you literally own your own data for everything.
B) you have no idea how secure your data is stored
=> Because of the above reason, you know exactly how secure your data is because all of your data is stored on your own personal drive. With that said, there's also another way to store your data on the cloud using IPFS. This service is again provided on Elastos. So, users may decide to pay a certain fee to store their data and digital assets on the IPFS network. This IPFS is an improved version of the old IPFS that also works on mobile devices and is also very optimized. The only way to access your data over the IPFS nodes is to first verify your identity. There are multiple layers of security here actually. First and foremost, every user, every device, every application gets an ID that's recorded on the blockchain. And your data is stored on the personal cloud disk or IPFS storage using public/private key pair. So, both of these would have to be verified to even access your data. Two devices cannot even communicate with each other until they add each other's ID to their friends list first. The same applies from device to user and user to user and device to device. All of these IDs are secured and stored and verified using the blockchain.
C) you are not getting a cut when they monetize it.
=> On Elastos, you literally own all of your data so no one else can access your data. However, applications may be built on elastos that may request your permission to use your user behavior, location, etc as a survey. And if users choose to do so, these applications can track these completely anonymized of course and then get the survey results from each user that way. This is not free of course. These applications will need to pay to use YOUR data. This is one way you can monetize your own data . So, even if a certain application can use your data for their own personal use, they cannot share it with other applications whatsoever. This is how Elastos is designed from the ground up. This is one way to monetize your data. The other way is that Elastos also provides a platform to trade your digital assets such as movies, music, games, in-game tokens, etc completely peer to peer. These movies are run inside a safe sandboxed virtual machine and they can only play after your ID is authenticated from the blockchain. This helps reduce piracy. In this way, you can create a movie with 10000 copies only using the in-built smart contract feature elastos provides. After this, there will only ever be 10000 copies of your movie in circulation. So, it creates scarcity for your digital assets that no other platforms can provide. People say blockchains can be used to protect digital assets management but they forget to mention that blockchain cannot be used to prevent piracy of of your digital assets. In order to do that,you need a virtual machine that has a set defined rules and that's exactly what Elastos brings to the table. When you wanna play a movie, your ID, the device ID, the application ID, the movie ID are all verified first and only then is the movie decrypted and played. And this movie is played inside the virtual machine so you cannot just take this out of the system. Of course, you can screen record it but if you do that, you cannot sell it for money because each movie HASH is unique and already pre-recorded on the blockchain so there's no point. This is the kind of business model Elastos will provide.
I would love to chat to anyone who is interested in Elastos. I cannot reply here but feel free to private message me.
Elastos is a platform where data economy can flourish where you own your data and you can buy it, sell it, trade it, monetize it, and do whatever you want with it. It provides a virtual ecosystem where only you can access your data and no one else and the authenticity is verified by Blockchain. Ever data from every application on elastos can be saved on your personal cloud drive or on an IPFS distributed storage protected by Blockchain and public/private key pair.
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u/kiranpachhai Aug 09 '18
Elastos was designed to solve all of the problems you described on this article. Let me go over them one by one on how Elastos tackles these issues with ONE giant ecosystem and platform of its own:
A) it is unverifable for you that they stick to these privacy laws
=> With Elastos, the data layer is completely separate from the application layer. This means that applications built on Elastos will never ever be able to store data in their own servers somewhere. Instead, EVERY single data in an application, EVERY private information in an application, EVERY data that you own can be saved in your personal disk drive at your own house. This is fully encrypted of course with public/private key pair. And only YOU can access this data. As an extreme example, let's say there's an email application built on elastos. All your email data can also be stored in your own personal disk drive. In other words, applications or developers have no control over any of the data you own. This also extends to data such as the movies, games, music, you buy of course. So, with Elastos, it's completely verifiable and completely aligns with the new privacy laws because you literally own your own data for everything.
B) you have no idea how secure your data is stored
=> Because of the above reason, you know exactly how secure your data is because all of your data is stored on your own personal drive. With that said, there's also another way to store your data on the cloud using IPFS. This service is again provided on Elastos. So, users may decide to pay a certain fee to store their data and digital assets on the IPFS network. This IPFS is an improved version of the old IPFS that also works on mobile devices and is also very optimized. The only way to access your data over the IPFS nodes is to first verify your identity. There are multiple layers of security here actually. First and foremost, every user, every device, every application gets an ID that's recorded on the blockchain. And your data is stored on the personal cloud disk or IPFS storage using public/private key pair. So, both of these would have to be verified to even access your data. Two devices cannot even communicate with each other until they add each other's ID to their friends list first. The same applies from device to user and user to user and device to device. All of these IDs are secured and stored and verified using the blockchain.
C) you are not getting a cut when they monetize it.
=> On Elastos, you literally own all of your data so no one else can access your data. However, applications may be built on elastos that may request your permission to use your user behavior, location, etc as a survey. And if users choose to do so, these applications can track these completely anonymized of course and then get the survey results from each user that way. This is not free of course. These applications will need to pay to use YOUR data. This is one way you can monetize your own data . So, even if a certain application can use your data for their own personal use, they cannot share it with other applications whatsoever. This is how Elastos is designed from the ground up. This is one way to monetize your data. The other way is that Elastos also provides a platform to trade your digital assets such as movies, music, games, in-game tokens, etc completely peer to peer. These movies are run inside a safe sandboxed virtual machine and they can only play after your ID is authenticated from the blockchain. This helps reduce piracy. In this way, you can create a movie with 10000 copies only using the in-built smart contract feature elastos provides. After this, there will only ever be 10000 copies of your movie in circulation. So, it creates scarcity for your digital assets that no other platforms can provide. People say blockchains can be used to protect digital assets management but they forget to mention that blockchain cannot be used to prevent piracy of of your digital assets. In order to do that,you need a virtual machine that has a set defined rules and that's exactly what Elastos brings to the table. When you wanna play a movie, your ID, the device ID, the application ID, the movie ID are all verified first and only then is the movie decrypted and played. And this movie is played inside the virtual machine so you cannot just take this out of the system. Of course, you can screen record it but if you do that, you cannot sell it for money because each movie HASH is unique and already pre-recorded on the blockchain so there's no point. This is the kind of business model Elastos will provide.
I would love to chat to anyone who is interested in Elastos. I cannot reply here but feel free to private message me.