How Web3 Is Disrupting AI Cloud Computing
CoinDesk, Tuesday, December 31st, 2024
Data security is broken and blockchain holds the key, says David Attermann.
Centralized data networks, ones that are owned and/or managed by a single entity, have been structurally broken for years. Why? Single points of failure. If one entity (or even a few) has access to a database, then there is only one 'point' to compromise in order to gain full access. This is a serious problem for networks holding sensitive data like customer information, government files, and financial records, and those with control of infrastructure like power grids.