Forward Thinking with Celent

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
28 July 2018
John Dwyer

Insider's Edge on Blockchain

Data Sovereignty & Technology Regulation

There has been significant attention given to GDPR and the regulation of technology companies in 2018 following the Facebook/Cambridge Analytica debacle.

The spotlight returned to large-cap technology companies last week when Facebook’s stock dropped roughly 20% after warning about revenue growth.

For those of you who read our Blockchain Capital Markets Report in November 2017, these themes would not have been a surprise to you.

Prescient Insight from Celent Blockchain Report

Here are some excerpts from that report, many of which have been coming true this year:

  • A key principle of the blockchain ecosystem is sovereignty of one’s data whereby an individual opts in to their data being shared or used.
  • This reflects the spirit of GDPR, which is fundamentally rebalancing the power between the data subject and the data holder/processor in favour of the former.
  • This is particularly important as regulators are orienting their focus on the position of the large technology companies .
  • A key trend will be broader recognition by the public and policy makers of the benefits provided by blockchains and their supportive role in data regulation.
  • GDPR, data proprietors, and regulatory fines, are all various manifestations of peak Web 2.0.

  • Tokenization and ICOs are early manifestations of Web 3.0.

Data Proprietors

We coined the term "data proprietors" as those incumbent technology companies which have leveraged data to create enormous value for themselves.

The table below was used to highlight the dominance of these technology companies amongst the world's elite corporations.

Asset-Backed Tokens & Enterprise Tokens

There is much more to come from blockchains in terms of regulation, data sovereignty, counterparty-risk, and enterprise involvement.

We explore the topics of asset-backed tokens, security tokens, and how corporations/enterprises can respond in our new series of reports.

You can read all about these critical topics here:

https://www.celent.com/insights/651136303

https://www.celent.com/insights/149443959

Insight details

Content Type
Blogs
Focus
Blockchain, Technology trends
Location
Asia-Pacific, EMEA, LATAM, North America