top of page

Blockchain Changes Everything

Data is the new currency. If there was any ever doubt as to the veracity of this statement, consider the astronomical rise and dominance of Amazon, Apple, Google and Facebook (Meta) over the last decade or so. These companies are incredibly profitable and practically control the internet. They do it with your data.


Every single one of these companies has suffered data breaches and security issues. You may indeed have nothing to hide, but data in the wrong hands is extremely dangerous; identity hacks can ruin your credit rating, drain your bank accounts, create living nightmares, ruin lives. The abuse of data and its interpretation can influence politics and change the course of history - remember Cambridge Analytica and its Facebook algorithms? More topical is this abuse of data here (FB again).


The spread of misinformation manages to divide and conquer families and nations. Agendas once spread via radio, television and newspapers then debated in person now come directly into the palm of your hand, courtesy of your mobile phone, into your own online echo-chamber of confirmation bias. It infiltrates the minds of your children.


Not only are we experiencing a lack of trust in the institutions meant to guide, protect and serve us, but the diminishing trust in them and our information sources corrupts the fabric of society.

What’s the solution? You could choose to opt out of all these free services and rigorously batten down the hatches with regard to your tech security – a modern day ‘prepper’. This is highly impractical for most of us and yet still has security vulnerability. Or you could store your data on a blockchain (click here for guide to how blockchains work) where any hacker would need to breach every node on a decentralised network to manipulate your data. You may not even have to worry about your private keys (password) as there are solutions for this too.


The future of blockchain will put your data in your hands. Once you control your data, you can choose who has access to it, what level of access they have, how anonymised the data should be, how long they have access to it for, what you might charge for this access or what you might gain for this access, whom to collaborate with, how to form larger data pools that perhaps aggregate your data with other sources to leverage value.. . the possibilities are endless. Don’t fancy attending to this level of detail? Delegate those responsibilities to someone you trust. Importantly, the choice is yours. You can commit to businesses and movements whose ethics resonate with you and can withdraw your support if they are subsequently found to be wanting.


As the technology develops and protocols whose interaction with real world assets succeed, the dystopia described in the opening paragraphs above need not be our future. We may one day be able to hold our institutions and politicians properly to account, with verifiable, unaltered, independent data that can ascertain whether they have delivered or not.


Identifying the winning protocols or blockchains as an investor is no easy task. This is like the rail-road boom of the nineteenth century, or the internet boom of the late twentieth century. Some will enable you to get rich, other projects will die trying to get you there. At GlobalBlock, we endeavour to stay on top of all the latest trends and technologies that will shape this future. If you haven’t already done so, sign up and get in touch.


Rufus Round

CEO GlobalBlock Digital Asset Trading Limited.

Comentarios


GB_CC_May_Digital Asset Trading_Whiteout
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • telegram logo

GlobalBlock EU ApS is a company incorporated and registered in accordance with the applicable laws of the Kingdom of Denmark as virtual asset service provider, with registration number (CVR-number) 45126382. GlobalBlock EU ApS is wholly owned by GlobalBlock Ltd., a company registered in England and Wales with registration number 09450626. GlobalBlock EU ApS is not a licensed financial services provider and is not supervised as such by the Danish Financial Supervisory Authority. GlobalBlock EU ApS is supervised with respect to anti money laundering by the Danish Financial Supervisory Authority within the scope of the Danish Act on Prevention of Money Laundering and Terrorist Financing and other legislation stemming thereof.

.
GlobalBlock Europe, UAB is a company incorporated and registered in accordance with the applicable laws of the Republic of Lithuania as a virtual currency depository wallet operator and virtual currency exchange operator, with registration number 306045642. GlobalBlock Europe, UAB is wholly owned by GlobalBlock Ltd., a company registered in England and Wales with registration number 09450626,  GlobalBlock Europe, UAB is not a licensed financial services provider and is not supervised by the Bank of Lithuania. GlobalBlock Europe, UAB is supervised by the Financial Crime Investigation Service under the Ministry of Interior of the Republic of Lithuania within the scope of the Law on Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania and other legislation stemming thereof.
 
Investors should be aware that cryptocurrencies are volatile investment instruments that carry a high degree of risk to the capital investment. The information in this website is not intended and should not be construed as an offer, solicitation or recommendation to buy or sell any specific investments or participate in any specific investment (or other) strategy. The products and services outlined on this website may not be suitable for all types of investors. The value of an investment can go down as well as up, and you may not get back the amount you originally invested. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of GlobalBlock Europe, UAB based on the legal requirements in your country of residence. The information in this website is for information purposes only and is subject to change. No part of this website can be reproduced without written permission.


 Client fiat is held with GlobalBlock in accounts with BCB Limited,and does not meet the definition of Electronic Money (e-money). Client fiat and cryptocurrency are not “safeguarded” nor covered by any compensation scheme. Clients could potentially lose their cryptocurrency or fiat if something were to happen to GlobalBlock or, BCB.

​

Cryptoasset Notice

​

Cryptoasset services are provided by GlobalBlock Europe, UAB (“GlobalBlock”).   Cryptoassets are not regulated in any jurisdiction and the value of your assets can increase or decrease. You should note that your cryptoasset profits may be subject to Capital Gains Tax.

The service you obtain through the website or the app in the UK, contains cryptoasrvices not regulated by the Financial Conduct Authority. Please be aware that:

  • You will have no recourse to the Financial Ombudsman Service in the event of a complaint relating to cryptoasset services.

  • Your cryptoasset account is not protected by the Financial Services Compensation Scheme.

  • Cryptoassets may experience frequent price volatility resulting in a high degree of risk.

bottom of page