We have all been victims of web2 shortcomings in one way or another. The second iteration of the internet has failed in achieving the original vision of the internet by taking control over the most valuable asset in this age of technology — data. Internet monopolies have, in return, manipulated our data for their own gains, with the content creators not benefitting from their own creations.
In our last article, we discussed how this version of the internet left a bad aftertaste of poor security, centralized processes and unsatisfied users/consumers. In this article, we continue with Inery’s web3 vision and how it plans to empower users.
Inery envisions leading the forefront of the web3 space to give control over data back to the users by ensuring that the internet is open, accessible and collaborative as initially intended. The solution is designed to uncover the potential of creating a more democratic internet where users are fairly compensated for their data. We believe that people should be in control of their own data and online experience. We want to give users a voice and empower them.
Our vision for the internet: by the users, for the users
Inery Web3 vision
Web3 aims to enable data sharing between users, enterprises and machines without compromising confidentiality and security. Inery drives towards the realization of web3 through features like:
In our last article, we saw how the security of users’ data is compromised. Data collection by internet monopolies has led to security becoming an essential part of ensuring users feel secure and their information is confidential when using the internet.
Inery brings security to users’ data by harnessing the power of blockchain. It uses technological measures such as cryptographic mechanisms and encrypting user data to ensure the complete security of information.
In this interactive version of the internet, companies that own your content are making money by selling our content. How do they have control over our data?
Our data is stored on their centralized servers which they own and control. Our data goes to these servers that store it, their A.I. analyzes it and the data is manipulated for their benefit. What if we remove the control where a third party has any rights to control our data. This is what Inery does. Inery eliminates centralized control by enabling database management on distributed nodes of a network. This means that your data is now distributed across several nodes (computers) without any centralized entity having any control over it.
3. Database owner control
Data harvesting practices remains one of the shortcomings of web2. Inery gives control back to the users so that users can own their own data and can gain from their creations. For example, what do you get in return when you post content on Facebook or TikTok? Likes and comments? The platforms gains by selling your information to advertisers in exchange for your attention to the social media applications.
Our decentralized database management solution is designed such that you, as a user, have the power to decide what you want to do with it? Do you want to monetize your blog? Or share your preference on a specific thing with advertisers looking for the information? When you own your data, you decide what to do with it. You have the power and freedom to decide how you want to sell your data and who you want to sell it to or even if you want to sell it. This is what Inery offers you: the power to decide what you want to do with your data.
Looking at the bigger picture
Inery’s vision for the internet puts users back in control of their data. It distributes income derived from the data economy back to the people who generated it. Snatching that power from internet monopolies will provide users with ways to monetize their data and determine who can see their data and how it can be used.
Inery is the first-ever decentralized database management and blockchain solution with the vision to enable a new paradigm for data. The platform activates an upgradeable way of accessing data by combining blockchain technology functionalities such as immutability, security and user-controlled data assets with distributed database management properties such as low latency and complex queries. Its layer-1 blockchain enables cross-chain interoperability, scalability and an environmentally sustainable network to support the deployment of decentralized applications.
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