SNGLS: If data is the new oil, then why I am still broke?

In the modern media and entertainment industry, there are clear cases in which masses of data are being extracted and commodified. Netflix has been a pioneer in this space, using complex algorithms to decide which shows or movies to suggest to individual users, and aggregating these preferences to select which shows are commissioned in the first place. For viewers this is a positive feature: personalized recommendations are a key part of the user experience, and the platform’s content development strategy has largely paid off.

But the losers are the smaller independent filmmakers, who don’t have access to the kind of complex analytics used by Netflix, Hulu and others, and so struggle to capture the finer details of how audiences are reacting to the content they create.

That’s where blockchain-based platforms like SingularDTV come in. Counter to data harvesting practices at Facebook, Google, and the other tech giants, SingularDTV will by default collect only the minimum amount of transactional data needed to operate the platform, with further exchanges of personal and demographic data being opt-in or opt-out on the part of the users. Opting in — which can also be done in an anonymized way — opens the possibility of a future where fans can share data about their preferences directly with the artists they admire, helping level the steeply sloping playing field which the media streaming giants dominate at present.

We’ve taken on the mission of building a new media platform based on respecting users’ right to own their own data and decide how, when and with whom to share it. We think it’s important for the future of media, and the health of the internet more broadly. Though data is not the same as oil, for both resources the threat of monopoly stands in the way of consumers’ best interests; that’s why individual choice, and control over our own data, is a cause worth advocating for.

Original article was created by: SNGLS at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
January 10, 2019
December 05, 2018

Why the “Crypto Crash” Has Solidified My Faith in Ethereum

Why the “Crypto Crash” Has Solidified Our Faith in EthereumA Brief History of the Crypto Winters from 2013 — PresentSingularDTVDec 5, 2018Zach LeBeau, CEO of SingularDTV2017 was a time of epic growth in the cryptosphere. For SingularDTV (soon to go through a...

From: SNGLS
November 14, 2018

Why Wilt Chamberlain Is Not On Spotify

Why Wilt Chamberlain Is Not On SpotifySingularDTVNov 14, 2018How much should artists be paid? It’s a tough question to answer.For writers, dancers, actors, musicians, poets, and more, performance is an individual affair, remunerated by the audience. A painter doesn’t expect a...

From: SNGLS
October 31, 2018

SingularDTV’s Commitment to Journalistic Integrity, Civil’s Success and Breaker Mag

SingularDTV’s Commitment to Journalistic Integrity, Civil’s Success and Breaker MagSingularDTVOct 31, 2018By CEO of SingularDTV, Zach LeBeauI keep hearing about Civil’s “failure” since their 30 day token sale ended below the minimum threshold of $8m....

From: SNGLS
September 25, 2018

Despite Crypto Volatility, Blockchain Projects Accelerate Development

Get in the know about what’s actually happening in the world of decentralizationBitcoin rockets up. XRP shoots down. ETH does both within an hour. And then it all flips around and starts again the next day. Repeat this process at pace ad nauseum for a few years, and you’ll have the first...

From: SingularDTV
September 18, 2018

The 7 Best Blogs for Learning about Blockchain Culture

Find out the best sources to get info about decentralization, blockchain technology, and the communities they are affecting.As blockchain technology seeps further into almost every industry in the world — from government to supply chain to energy and entertainment — there’s more to...

From: SingularDTV
Upcoming ICO's
This week overview
Token Name Starts
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $3730.0631732 -0.05%
Ripple logo XRP $0.3302440119 -0.08%
Ethereum logo ETH $124.186906193 -0.25%
Bitcoin Cash logo BCH $129.591324139 -0.01%
EOS logo EOS $2.4757391616 -0.11%
Stellar logo XLM $0.1082222286 0.13%
Tether logo USDT $1.0154463834 -0.1%
Litecoin logo LTC $33.1894592385 0.53%
Tronix logo TRX $0.0245195064 -0.23%
Cardano logo ADA $0.0454854619 -0.1%
IOTA logo IOT $0.3177856704 -0.76%
Binance Coin logo BNB $6.6972524605 0.14%