Power of the combination between Blockchain and Data

Nowadays there are so much personal data related to an identified individual, such as personal genetic data, personal health information, education information, and behavioral data. However, this data is under control by a central institution, seldom decentralized. That’s how blockchain come into being, to build a data market. “In the future, everyone will have their own data which is too decentralized to be hacked, and with Crypto algorithm, personal information is well protected in the blockchain.

As a result, the whole idea of blockchain will be described as “In Math we trust”. We can look at the sheet which is the most basic algorithm in blockchain and IT industry,

not only to protect personal information in the data market but make a reasonable and statistic algorithm. Take a miraculous algorithm named zero-knowledge proof for example, it can prove its valuation without showing any real private data.

As a result of blockchain, data market will build a fairer society, but for now, the most unfair is discriminating the minority whose data is what we need in machine learning. To increase the accuracy of machine learning from 90% to 99%, we need those data which is different previously rather than those being learned already. That’s why the data of minority is the most valuable. Data market is based on blockchain, the miraculous algorithm as well as the data of minority, with which blockchain can coexist with AI.

What we learn about blockchain is not from the most essential First Principle Thinking, also the principle of physics, to reach an agreement. As in physics, the disordered magnet will point to the same direction in a ferromagnetic state, so in nature world even in humanity. It is called entropy reduction and reduction is better than disorder, but it’s more difficult because entropy is always increasing. As in blockchain, it needs an algorithm to reach a consensus and will use energy, which may be confusing and hard to understand. But from the second principle of physics, it becomes more reasonable because when coming into consensus, parts of entropy is reducing, so others should be removed in order to come into balance. Just as the disordered magnet becomes orderly in the natural world, so in blockchain there will be a centralized system, also there will be a price to pay.

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