Blockchain Technology Has The Potential To Take Control Of The Internet From Corporations


The internet has been in existence for more than 35 years. As it evolved, the power to control its most vital services has shifted to large technology corporations from open source protocols that are typically controlled by non-profit organizations. This gave billions of people access to great technologies for free. However, with this paradigm shift came some disadvantages.


The Pitfalls Of Leaving The Control Of The Internet To Large Tech Corporations


Ever since large technology corporations took control of the internet, millions of users have complained about their data being stolen or misused. Many businesses that rely on the internet to function had their audience and profit stripped away because of sudden rule changes implemented by tech giants.


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The good news is that things will soon change. Currently there is a movement advocating for a revolution that will seize control of the internet from centralized organizations using blockchain technology and cryptocurrencies. This movement is aimed at reshaping the internet to its original state. The tech companies incharge of web hosting will have limited power.


As you probably already know, blockchain technology is open source and community governed. These blockchain networks are physically connected computers that have a single virtual computer as its center. One of the major benefits of this system is that it offers powerful trust guarantees that are rooted in complex mathematical problems. On a blockchain, users can rest assured that a piece of code will behave exactly how it was designed to. Individual participants will be unable to subvert the system. The ultimate control of the blockchain belongs to the community.


Is A Blockchain Controlled Internet Possible?

At a glance, the possibility of having these corporate-owned services replaced by community-owned services may appear far-fetched. Notwithstanding, there is enough historical data to show that being controlled by a community rather than by corporations is the best way to protect users of the internet. Evidence also shows that this was the original state of the internet before corporations usurped power.


Looking at a core insight in the design for blockchain technology, you’ll find that an open source model can be applied in more than just software to cloud-based services if financial incentives are added. This financial incentives can be in form of cryptocurrencies. These blockchain based coins can be used as incentives to groups and individuals who build and maintain services on the blockchain.


The bottom line is that blockchain technology can be useful to cloud-based technologies the same way the open source is useful to software. However, this change will not come in one day. It’s going to take a lot of time and dedication to make this dream a reality. The evolution to proprietary software from open source software took over 20 years. So, if blockchain technology is to take control of the important parts of the internet that are controlled by tech corporations, there is going to be an evolution.


The benefits of such a paradigm shift are going to be great. Data trust will be removed from the hands of corporations and placed in the hands of an open community. This will transform the governing principles of the internet for the benefit of users.

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