The interaction of Blockchain over social media platforms will transform the world to the next level. The way of interaction and communication over these platforms will undoubtedly take a new shape. In the current scenario, there are some platforms that so far offers this integration.
The collaboration will lead to enhancing transparency, improving data ownership, and decentralized steps. Now, we will take a look at the offers that this collaboration can provide.
- Enhanced transparency
Some technologies that have so far integrated blockchain like Bitcoin have become popular as they work on decentralized patterns. The social media platforms on which we function currently or can say traditional social media platforms have a central authority that is responsible for controlling the data. But dissimilar to this, blockchain works over a distributed ledger system.
In this model, every user over this network has a copy of the ledger which ensures that the transparency is being maintained.
- Data Ownership
In today’s world where the prospect of social media is centralized, users upload their data to such platforms just for the sake of having access. By integrating Blockchain, this model can be changed by letting the users have continued control over their data. The users can have control over their data, their personal information including their preferences and chats will be stored cryptographically.
- Decentralized steps
The amalgamation of social media platforms with blockchain technology comes with a guarantee of an environment where users can have control over their data. When we look at some promising landscape like this, then we can automatically imagine an ecosystem of social media that authorizes users to gain control as well as it can promote genuine connections.
Moving forward, we will now discuss some of the well-known blockchain-based social media applications that are in functional use as of now.
- Binded
Binded is a blockchain technology-based platform that is made purposely for photographers. This app lets the photographers to safeguard their copyright. By using this application, one can send his/her images to a blockchain-secured copyright arch.
This lets the users make sure of their genuineness and have the right to possess their work. Moving forward, the artists can also share their photographs and meanwhile, they can look at their copyright infringements and whether someone is tampering with them or not.
The platform has so far safeguarded more than 350,000 photographs till now and also, it has now become one of the most trustworthy platforms for safeguarding copyright.
- Audius
Audius is a blockchain-based music-sharing and streaming platform that searches to revolutionize the music industry. This app is mainly based on Ethereum blockchain technology and it offers musicians to have direct control over their music. By using this application you can also earn money without falling into the trap of mediators.
Similar to any blockchain technology, Audius offers transparency with equitable rewards and censorship. Making a strong network and interacting with user’s fans lets them get a quick check of their work.
- Sapien
Sapien is an application that gives utmost importance to user privacy, high-quality content along data ownership. By using the application you can produce, distribute, and engage in a dialogue over varied topics, and at the same time, you can have control over all your activities.
The Blockchain technology used to build a decentralized famed system helps in the promotion of high-quality engagement and puts a stop to spam and misleading information. This platform offers making a personalized news feed where you can chat with other persons having the same interests.
Conclusion
The integration of social media platforms with blockchain technology itself comes with an evolution in addressing challenges and varied opportunities. In the future, when the industry will witness the growing adoption of blockchain-based social media platforms, we can also anticipate increased mainstream acceptance, improved scalability and usability, innovative features, and use cases, a stronger focus on community governance, and integration with other decentralized technologies.
The future of this system is also decentralized along with which it offers a secure and transparent environment. The integration of blockchain will also permit the users to have control over their information, will give freedom of speech, and will also offer various opportunities for content creators.
