Blockchain gives users control over personal data

Mike Smith Feb 25

Blockchain is changing the digital environment by allowing users to manage their information independently. Polygon Labs CEO Mark Boyron emphasizes that personal data should belong to its owners, not corporations.

"You can't monetize something that doesn't belong to you. Even if you have the ability, there will always be someone who will limit it," he said in a conversation with Rob Nelson at The Street Crypto Roundtable.

Blockchain opens the way to a fundamentally new approach: now information becomes personal property that cannot be seized or controlled from the outside.

Interaction in the digital space is also changing. According to Nelson, users are no longer striving for a mass audience - value is formed within narrow but stable communities. "Today, everyone becomes a content creator. It is not the number of subscribers that matters, but the trust within the community," he emphasized.

Boyron supports this idea, noting that blockchain can restore the lost balance in online communications. "In the real world, people knew who they were dealing with. It's harder online. But now you can create a digital environment where the user decides how and with whom to share data," he explained.

However, technologies resonate with the mass audience only when they bring tangible benefits. "Online shopping became popular when people realized how convenient it was. Gmail spread thanks to simplicity. Any innovation works when it solves a specific problem," Nelson noted.

According to Boyron, blockchain has long been a niche technology, but now the infrastructure has reached the necessary level of development. "Previously, networks could not provide scalability, but today the situation has changed. Polygon PoS is one example of a blockchain that is ready for real-world use," he emphasized.

Now more and more solutions are appearing on the market that can bring the technology to the mass level. Blockchain is ready to take a key role in the digital economy, offering users not only security, but also new opportunities for managing their data.