With the growing digitalization of our lives, the ownership of personal data and assets has become increasingly important. The rise of big tech companies collecting and monetizing user data has raised concerns about privacy and control over one’s own information.
In response, the concept of Web 3.0 and the Ownership Economy has emerged, aiming to give users back control over their data and assets in a fair and rewarding internet experience.
Cirus Foundation, a blockchain-based data ownership initiative, is playing a role in this movement by launching version 1.0 of its blockchain-based data ownership initiative, providing users with the tools to take ownership of their data streams and assets.
Some common examples of misuses of data include:
- Selling personal information to third-party advertisers without consent.
- Sharing personal information with unauthorized entities, such as hackers or governments.
- Using personal data to manipulate individuals, such as through targeted political ads.
- Storing personal information insecurely, making it vulnerable to theft or hacking.
- Using personal data for discriminatory purposes, such as denying housing or employment opportunities based on certain traits.
- Analyzing personal data without proper privacy protections, potentially revealing sensitive information about individuals.
These examples highlight the importance of taking control of personal data and ensuring its proper use. The Cirus Foundation aims to give users this control through its blockchain-based data ownership initiative.
Cirus Ecosystem aims to accelerate the adoption of Web 3.0 and the Ownership Economy, which gives users control over the data streams they generate. The initial launch of version 1.0 includes a user-friendly experience, data-ownership software, and a cryptocurrency wallet.
The deployment will be tested by select groups and user-review companies to receive feedback on the user experience.
The Cirus Foundation aims to improve the user experience in the cryptocurrency industry and bring more users into the field. Cirus provides a dual function as a data vault and a multi-currency wallet, serving as a gateway to Web 3.0 and the ownership of personal data and assets.
Web 3.0 marks the third phase of the internet where people will take control of their data and assets in a fair and rewarding internet experience.
Cirus aims to be a gateway to bring back ownership to people and open new financial opportunities powered by this technology. The next update of the extension, the Web3 Labs, will bridge the gap between passive income from data and the ability to earn more, making it easier for people to enter the digital finance market.
The team at Cirus Foundation believes that unlocking value and bringing the underbanked into a suite of financial products is the key to success. The Web3 Labs will be powered by the currency of the internet and provide a one-stop-shop for users to achieve this goal. The team aims to bring the product to the masses and enable people to adopt digital currencies as the currency of the internet.
Read Also: Former Apple CEO Gil Amelio Joins Cirus Foundation
