We have a major issue brewing. The power of mega-tech companies is growing by leaps and bounds. This is something that many are not discussing when it comes to the threat to individual freedom.
In this video I discuss Amazon's latest project that allows people to pay for purchases using their palm. The advancement of biometric data is getting concerning. Here is where something like Hive can help to offset some of what is taking place.
▶️ 3Speak
What Amazon is trying to do, is an invasion of privacy.for your palm to pay your bills that is to say that they have your biodata. and everything about in their database.
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It is concerning but we still need the applications to be built here on Hive. Until they do that, I don't really see any alternative right now and people are giving up privacy for convenience.
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paying for purchases with the palm of your hand is an excellent technology to avoid delays and thus speed up purchases
Blockchains offer a new way to ID yourself without using biometric data and also in an anonymous way if needed (like privacy networks such as Monero). This way you can transact without sharing specific data linked to you.
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Technology advancements are great but all comes down to how they're used (or who has control of them!). We can certainly use tech for good but we do have to be vigilant and lead things in the best direction for all (well, not so much for the mega tech companies and governments ;)). Of course, blockchain is well placed be the (albeit imperfect at this point) solution.
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Summary:
In this video, the speaker emphasizes the importance of blockchain technology in protecting individuals' privacy in the face of increasing intrusion by mega tech companies like Amazon, Apple, Facebook, Google, and Microsoft. He discusses the risks associated with biometric data collection, mentioning Amazon's palm scanning technology and the potential privacy issues it raises. The speaker also touches on the centralized control of data by major corporations and the lack of governmental protection against these practices. He advocates for the use of decentralized blockchain platforms like Hive to regain control over personal data and highlights the importance of developing applications independent of major tech entities.
Detailed Article:
The video opens with the speaker, addressing the audience and delving into the significance of blockchain technology in safeguarding individuals' privacy, particularly in light of concerning developments in the cryptocurrency and blockchain space. He shares his insights on the vulnerabilities present in blockchain and cryptocurrency due to the increasing influence of mega tech companies such as Amazon, Apple, Facebook, Google, and Microsoft. The speaker draws attention to Amazon's recent announcement of utilizing biometric data through palm scanning for transactions at their Whole Foods stores, highlighting the potential risks associated with this technology.
Throughout the video, the speaker expresses his concerns about the irresponsible handling of data by major tech corporations, stressing their accumulation of vast amounts of personal information and the implications for individual privacy. He discusses the expansion of biometric data collection, including thumbprints, palm scans, and even mentions the invasive data collection practices related to smart vibrators, using these examples to underscore the extent of privacy invasion by tech companies.
The speaker criticizes the governmental oversight and protection of citizens' privacy, noting the deep entrenchment of corporations in politics and the lack of accountability. He contrasts mainstream media narratives that downplay privacy concerns with the growing reality of surveillance and data exploitation by major tech players.
Moreover, the speaker highlights the potential of blockchain technology, specifically mentioning Hive, as a solution to combat data centralization and regain control over personal information. He emphasizes the decentralized nature of platforms like Hive, which allows for permissionless access to data and reduces the power exerted by centralized entities.
The video concludes with the speaker advocating for the development of applications and solutions outside the sphere of major tech corporations, encouraging the global developer community to create alternatives that prioritize individual privacy and data ownership. The speaker's overarching message revolves around the urgent need to address the growing influence of mega tech companies and the significance of blockchain technology in reshaping the digital landscape to safeguard personal data and privacy.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.