Reverberating true potential as a secure, reliable, and tamper-proof way of mediating data exchange, the blockchain technology has embraced almost all sectors of the modern society including social media channels. With advanced technological infrastructure, blockchain technology helps in authenticating news and information and building robust user control practices.
The blockchain ledger system protects the private information of users as it follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Similarly, the protocol of blockchain technology provides an efficient framework for developers to build apps, allowing every user to authenticate and manage their digital assets on the blockchain ecosystem.
Considering the massive amount of data that social media platforms garner from user activities, it is quite a mystery how the data is utilized, distributed to third-party vendors, and sold to drive revenue streams for social media platform owners. Advanced blockchain application platforms such as Skycoin allows users the managing the location of personal and social media information ends up at. With users deciding who access their data, a direct channel can be established between them and advertisers.
TriForceTokens states that there is a much buzz and incorrect notions about blockchains but its implementations are proved valid in the social media space.