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The global content distribution ecosystem has transformed quite radically over the past decade, especially with problems relating to illegal data sharing and consumer privacy gaining more and more mainstream traction in recent times. To this point, there has been a massive unearthing of evidence that clearly shows most mainstream tech giants have continued to indulge in nefarious>slapped a $165 million and $65 million fine on Google and Facebook (now Meta) respectively for violating the country’s digital legislation, especially those rules pertaining to the collection and utilization of cookies.
And, that’s just the tip of the iceberg because a couple of years ago, Facebook was once again ordered to pay a total of $550 million for violating Illinois’ Biometric Information Privacy Act, while video-focused social networking platform TikTok had to shell out a cool $92 million in relation to a class-action lawsuit that alleged the platform been collecting and sharing personal data from its users and sharing it illegally with third parties with any sort of consent.
BitTorrent is changing today's content distribution landscape
The rise of blockchain technology has resulted in more and more people quickly realizing that their personal data no longer has to remain at the mercy of traditional tech entities. Instead, thanks to the use of decentralized ledgers, it is possible for data to be shared in a manner that is not only decentralized but also safe and transparent.
In this regard, BitTorrent is a blockchain-based>providing its file system services to register the marketplace’s NFTs securely.
Decentralization is the future
The last couple of decades have seen a shrinking list of major financial entities (six, to be exact) continue to consolidate their hold over the world’s combined media/entertainment output. As a result of such rapid data centralization, more and more people are turning towards decentralized alternatives such as BitTorrent so as to share their digital data without the fear of any third-party interference. Thus, it will be interesting to see how this space continues to evolve from here on out.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.