A crucial relationship
What is today’s most important asset?
Answering this question is difficult. Certainly, what the current economy and reality are telling us is that information is playing a major role in our lives.The value of information and the capacity to aggregate and analyze are growing dramatically. Data, today, are one of the greatest sources of power and wealth on the planet, and it is no coincidence that IT companies are at the top of the global economic pyramid. That’s why it’s crucial to ensure data protection with secure tool like the Ethereum Blockchain.
Who does the data belong to?
Data belongs to those who did gain access to them. Their collection is not always regulated and lawmakers struggle with the issue of privacy. They try to stem a global phenomenon that regards “big data” such as 2.0 oil in what could be called a ” digital Wild West”.
Trouble arises when the market prices our data, to which we are not able to give worth. And when in addition they are used without our knowledge so as to generate profit.
An exponential increase in data collection: do we need more privacy?
Artificial intelligence and machine learning must collect and process a very large amount of data in order to obtain the best results.
New detection technologies and a massive amount of high-tech equipment in our lives are driving the exponential growth of databases and, therefore, their power.
How do we ensure to protect data, tamper-proof and use in a manner that meets our expectations?
The only attempt to answer this question has come from the so-called Blockchain, a shared and immutable data structure.
It is a digital ledger that groups entries in “blocks”. These blocks are linked in chronological order and the use of cryptographic primitives guarantees integrity.
This chain is unchangeable. The reason is, as a rule, once that content is in it, it is no longer modifiable or disposable (unless the entire structure becomes invalid).
The blockchain is a distributed database. Its great potential consists primarily of :
– linking to a given unit of time (“time stamping“)
– protecting it from manipulation through the so-called proof of work.
The concept of decentralization is well known in the blockchain environment.
Its principle is to remove points of centralization. Indeed, they would be capable of altering data or using them in a different way than described in the protocol.
Teseo & Kibi are at the forefront of data protection with the Ethereum blockchain
Kibi is pioneering system to support partially autonomous people who wish to maintain their self-sufficiency.
One of the cornerstones on which Kibi relies is the “Kibi AI Engine“. It’s a software platform built on Artificial Intelligence methods, enabling Kibi to analyze big data. How? By reasoning, solving problems, planning, learning and acting accordingly.
Kibi collects and generates data and it tracks and manages them with the utmost security. This is possible thanks to the use of Ethereum’s Smart Contracts and the IPFS system. Data can not be altered or even used outside of the system itself.