The Future of Data
There are three "truths" that, together, demand a new approach to the way we store, secure, manage and access data.
We are engaged in a never-ending, exhausting and expensive war to keep cyber criminals out of our data. Do we really get the ROI on our cybersecurity investments that we should?
We have masses of unused data storage capacity across billions of devices across the globe… and yet we continue to build new data centers.
The proliferation of AI and LLM's has highlighted critical data questions that go beyond security and privacy. We now need to worry about data integrity - including data provenance, data ownership, data rights and rights enforcement.
Our current approach of centralized data storage made sense when almost all processing power existed in mainframes. The processing power landscape has changed and we live in a world of desktops, laptops, smartphones, and IoT devices. Yet our data storage remains the same. We transport our data to centralized locations and surround what is essentially "dumb" data with cumbersome, costly infrastructure so we can organize, secure and make sense of the data.
We must think differently. The way to solve these data challenges is to store our data across the billions of available devices and we need to attach intelligence, security and control to the data itself. Imagine a data management system that knew where every record was stored across each of billions of devices. Imagine a contract document that could be found directly by query, without tables and hierarchies. Imagine that document retained an immutable history of everything that happened to it before, during and after its creation. Imagine that contract being accessible only to those authorized to see it and that access control could be managed down to location, time, device, quantity and use. Imagine that contract being available in the format required. by any other system , without point to point translations.
This must be the way forward for economic, safety and environmental reasons. We need to reverse decades of top-down data management of "dumb" data. We need a bottoms-up approach where each individual data record is backed up, self-aware, secured, controlled, directly findable and stored where it needs to be.
PrivacyChain is the Distributed Data Management System that enables this vision, PrivacyChain is the future of data - now.
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