logo

Decentralized social media platform Society2 offers more privacy

Decentralized social media platform Society offers more privacy

Society2 is the latest entrant in the interesting decentralized social media realm. The project focuses on user privacy and data interoperability – characteristics lacking in today’s social networks. The concept of a decentralized social media platform revolves around user privacy issues.

Society2 wants to give users more control over their information by leveraging on the blockchain technology. Today, global social networks are often accused of individual data breaches. Conventional networks such as YouTube and Facebook are highly centralized and often make a mockery of user privacy.

IOTA powers the privacy-focused Society2

Society2 allows owners of the IOTA nodes to make their very own personalized social media platforms with full control over privacy access. After the launch, developers are now busy on a DeSM framework, powered by IOTA, which provides even more privacy-focused features to the platform’s users.

Ben Royce of Society2 said that the framework is unique compared to traditional competitors. Most importantly, users can decide whether or not to use their information commercially, i.e., they can IOTA by trading their privacy-related data. This is more power to the user – monetary power no less.

Rise of decentralized social media platforms

The rise of decentralized social media is, therefore, a quest to find alternatives where users can share their data without worrying about privacy.

By allowing the platform’s users to sell their information on their own terms, Society2 is giving more financial power to the users via fee-less IOTA payments. Royce further added that the project would also reward users for watching adverts. Users can receive ads in their feed by trading their personal information and thus earn revenues.

IOTA cryptocurrency is at the heart of this decentralized social media platform and it is the sole crypto used for various features offered by Society2. Society2 will further build its features atop IOTA DLT offering advanced content encryption.

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

Blockchain industry has over 81 Million active users, reports show
Explained: 2 Important Ethereum priorities after The Merge
Kitsumon launches NFT land sale in partnership with top NFT and Gaming platforms
What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?
Dogecoin price analysis: DOGE peaks at $0.063, quickly tests $0.06  

Follow Us

Industry News

What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?
What is happening with Nexo?
FTT burn Vs. BNB burn Vs. Shiba burn
Was the Wintermute hack an inside job?
Watch: Inside the Walmart Metaverse 2022