23 Nov Apple’s Cook Criticized for Pushing Laws Instead of Blockchain for Privacy
Critics are reportedly questioning why Apple’s Tim Cook is pushing for the creations of federal laws as a solution to privacy issues and weaponization of data instead of advocating blockchain technology which is already being used by businesses to keep data safe.
It was pointed out that laws will take years to develop before it can provide internet users the security they need. Meanwhile, companies like Germany’s Daconomy.io is already keeping around 60 million records safe for a number of DAX and Fortune 500 organizations.
Daconomy CEO Ulrich Schober said that while laws should go further, the use of blockchain and AI-based solutions should be the way forward as they can facilitate fair and non-corrupt data trade. Furthermore, smart decentralized solutions will make strict laws, such as those that can hamper technological potential, obsolete.