Dan Patterson of TechRepublic talked with Global Blockchain CEO Shidan Gouran about the blockchain as a turning point, where big data can also protect private data. The following is a modified transcript of the interview.
Dan Patterson: Explain how the blockchain helped to facilitate this. I think that within the technological industry there is a fundamental understanding of the complexities and nuances of the blockchain. But for those who are not well educated about this, help us understand how the blockchain can help media companies, not just with the average imprinting on the chain itself. But creating different types of tokens and coins that can be traded for the currency of attention.
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Shidan Gouran: The blockchain gives you an untrustworthy system where you know the person has really earned the token. The portal operator can not install it. The user can not install it. It is mathematically shown that it is very difficult to do it. And it's a third-party system that many, many different sites can use, right? Token, like VIT or Steem, is another that follows the same model, and there are others that provide it. It is an independent currency, which you can generate in a fair way. It can not be acquired. It can not be recovered again from the portal operator or from the user. There are mechanisms in place for this. This is their innovation, providing those systems. And that's why blockchain makes a lot of sense. Again, this is not a site with a database, like Reddit, with their Reddit Gold, but it is a network of sites that are not connected to each other, which are adopting similar currencies. "