6th March 2024 Digital Bytes

Blockchain in social networking - blockchain technology promises to revolutionize social media by offering decentralized alternatives to traditional platforms. Decentralized social networks (DeSos) leverage blockchain protocols to prioritize user control, data security and censorship resistance. Examples such as Peepeth, Sapien and Diaspora showcase the potential of DeSos, with features such as immutable messaging and tokenized rewards. Despite challenges such as regulatory uncertainty, DeSos are projected to surpass $100 billion in value by 2033 and with increasing concerns over data privacy and the rise of Web3, DeSos offer a compelling solution to reclaim power from centralized platforms and empower users in the digital age.

Role and importance of blockchain analytics tools and services - blockchain analytics tools help to decode data held on a blockchain, aiding in fraud detection, compliance and business optimisation. Blockchain analytics can be used to support a variety of indust…