I must start by saying this post is neither supporting nor condemning Topia's ICO. Personally, I do not have the knowledge nor the financial expertise to make any recommendations. I bring this up for informational purposes only.
https://steemit.com/bitshares/@stan/topia-enters-the-bitshares-ecosystem-from-the-top
Topia is a company that specializes in data security. Historically, it has worked with the US Military and DoD securing their transmissions. Now they are turning their sights on the private sector.
One of the biggest issues we have with the Googles and Facebooks of the world is they know everything about us. We are rapidly moving into the surveillance space. It is bad enough we have governments doing what they are doing but now we are being monitored as much, if not more, by private companies.
This situation is deemed only to get worse with the introduction of personal assistants such as Alexa. We are also moving towards the I.O.T. (Internet of Things) which means all our devices will be connected to the Internet. Granted this is something that could be of great convenience to people, it also opens the door for exploitation. When your refrigerator does your ordering for you, someone knows exactly what you are eating. As we found out from the likes of Facebook, that information will be sold.
Topia aims to stop this. They are going to develop decentralized peer-to-peer infrastructure which enables each person to send encrypted transaction without the use of a central authority. Today, we send information via email, messengers, text, and programs such as slack which go through a central authority. In other words, someone has that information.
What is really exciting is this data layer is going on the Bitshares blockchain. This is going to bring a ton of activity over the next few years. Can you imagine the implication in the legal and medical environments? These industries deal with a lot of personal information which could use another layer of security. Plus, without a central authority, the ability to hack goes away.
Who needs cryptokitties when your blockchain is sending encrypted information that people do not want hacked around the world?
Blockchain technology and the developments on it are rapidly changing the world. We are really in the infantile stages. This is why I continually write about being patient with STEEM. There is a lot more development coming that will alter things are great deal on this blockchain. Also, pricing action is reflective of nothing other than what the buyers and sellers at the moment think. This could be reflective of what is going on yet most times it is not.
Long term holders need to ignore pricing action and focus upon what is happening on that blockchain. That is what will determine what is standing in 2-3 years.
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