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Facing Down Big Tech: How Blockchain Social Media Will Topple Zuckerberg

Published 10/07/2020, 09:59 AM
Updated 10/07/2020, 10:20 AM
Facing Down Big Tech: How Blockchain Social Media Will Topple Zuckerberg
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Big tech isn’t just big anymore. It’s grown into a ravenous Cthulhu-esque beast with its tentacles wrapped around almost every data point in our lives.

But in the light of a House Judiciary report determining that “Facebooks monopoly power is firmly entrenched and unlikely to be eroded by competitive pressure from new entrants or existing firms,” can blockchain-based social media topple these social media powerhouses, given the unchecked power these giants wield over corporations and individuals? Even beginning to challenge the omnipotence of Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), and Google (NASDAQ:GOOGL) seems a daunting, nigh-impossible task.

How did we get here?

Avoiding data breaches

Eliminating online advertising fraud

Transparent rules

Preventing censorship

The tech is not quite there yet

Centralized platforms are easier to use

So, should Zuckerberg be worried?

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