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Build a profitable asset sharing platform with Defi development solution

Build a profitable asset sharing platform with Defi development solution

When the concept of decentralization was introduced in 2009 with bitcoin, it seemed like a figment of my imagination had come true! A little over a decade has passed since the introduction of the technology, but its manifestations have grown by leaps and bounds.

With Defi data handling, users can also choose to monetize their data and reap the benefits without worrying about the tech giants diverting data. They can choose to share their health data for medical research purposes and receive payments from medical companies because they have shared their data with that company.

If Debí data handling is introduced, it could Shell a major paradigm shift in the world of social media and data-driven advertising.

While keeping the “networking” and “social” aspects of websites intact, paving the way for a more democratic and user-centric social network.

In these years, blockchain and cryptocurrencies have undergone many transformations and proliferation.

One of the many proliferations that found importance in 2020 is decentralized finance, commonly abbreviated Def. This and visions of the financial system where there is no need for a centralized authority such as a bank or a government to control transactions. This would mean that the transactions would be global and fast.While the main impact of this transformation is in the field of finance, there are many other demonstrations that Defi opens in the future. 

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Digital identity

Even your email address or social media profile is a digital identity on the Internet. However, the identity is not completely under your control. It has been recklessly managed by some giant tech companies to make a profit from advertising.

Although as the GDPR and the Consumer Protection Law do not ensure it, this data will completely control users. it does not alter the epicenter of data collection, but it does enforce a consent system.

With blockchain technology in place, it is now possible to return controls to users. This means that centralized data collection companies are not responsible for the data they hold through a

consent-based system. Users can now control and decide what data they want to open for specific purposes.

For example, a user may choose to give data regarding their educational qualification and
previous work records for recruitment only to a company that needs to know this
information. Even job aggregators will not have access to this data as it is cryptographically
protected.
The same goes for trivial data like online shopping history.With Defi data handling, users can also choose to monetize

their data and reap the benefits without worrying about the tech giants diverting data.

They can choose to share their health data for medical research purposes and receive payments from medical

companies because they have shared their data with that company.

If Debí data handling is introduced, it could Shell

a major paradigm shift in the world of social media and data-driven advertising.

While keeping the “networking” and “social” aspects of websites intact, paving the way for a more democratic

and user-centric social network.

While DEI data handling is quite nascent and some businesses have fluctuated here and there, modernization

has wider acceptance and impact.

Build a profitable asset sharing platform with Defi development solution

It means that even an entity that does not exist within the digital framework can still have a digital representation

and also all the associated advantages.

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