Forward Thinking with Celent - Digital Assets & Web 3.0
24 October 2018
The Data Industrial Complex
New Data Privacy Laws
Apple CEO Tim Cook has called for new digital privacy laws in the United States, warning that the collection of huge amounts of personal data by companies is harming society.
He went on to outline four key rights that should be enshrined in legislation:
- the right to have personal data minimized;
- the right for users to know what data has been collected on them;
- the right to access that data; and
- the right for that data to be kept securely.
You can see the address here:
The Future Narrative of Web 3.0 and Digital Assets
We fully agree with Tim Cook and have been highlighting this in our research around digital assets for a long time.
However, rather than seeking legislative change we see a path where technology delivers these intrinsic rights.
Our latest report addresses data privacy and other key rights specifically through the lens of where we see extraordinary potential for cutting edge digital asset innovation.
We think the millennial generation will be ground zero for spawning innovation which will help clarify what Tim Cook, Mark Zuckerberg, and global regulators are all over the world are struggling with…which is how to govern Web 2.0?
The reality is that the current incarnation of the Internet—Web 2.0—poses structural challenges with respect to key democratic ideals such as the right to privacy and free speech.
In our latest report we walk through:
what this analyst believes is the single most important market in the world right now;
why it will create extraordinary levels of wealth-generation and innovation in the years ahead;
and why Non-Fungible Tokens may present a critical tipping point in the global narrative around Web 3.0.
Tim Cook's plans (and more) can be fulfilled through digital asset innovation--quite how Apple thrives in that new environment, though, remains to be seen.