Facebook's Zuckerberg was grilled 2 days by the US Congress. Congresswomen and -men wanted to know what Facebook is doing with our personal data. How is Facebook using our identity to make billions?
We have read and seen how Cambridge Analytica manipulated the news to affect the 2016 presidential election and Brexit voting using Facebook and other SoMe platforms.
Let's not be naive! Cambridge Analytica is just the tip of the iceberg. We will hear soon more similar types of news. We'll see soon also how US Congress will grill the directors of e.g. Google and Twitter the same way they grilled Mr Z of Facebook.
The good news is that there are excellent decentralised data projects on Blockchain - as we speak - which will give our data back to us from Facebook, Google, Twitter and other IT giants.
These decentralised data projects will have a totally different business model than existing SoMe giants have. If a company wants to advertise something to us on decentralized data platform they need our permission. If we allow them sending ads to us we'll get paid for it!
One of these great decentralized data projects is Datawallet
https://datawallet.com/
