The New York Times has reported that many people are unknowingly sharing their personal data, leading to fines for websites and social platforms that sell this information to third parties. TikTok is currently facing legal action over its collection of browser data. The solution to these issues is self-sovereignty, which allows individuals to own and control their online identities and data using blockchain and cryptographic technologies.
However, legal intervention and wider adoption of Web3 are necessary for companies to take responsibility and grant users sovereignty. The proposed My Health My Data Act in Washington aims to protect health data from unauthorized sale to third parties, and the adoption of Web3 technologies is crucial for ensuring data safety and security. Self-sovereignty is becoming increasingly important as AI, genetic modification, and robotics become more prevalent, and while there are challenges to adopting Web3, it is important to strive for sovereignty in decentralized networks.
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