TL;DR
Full Story
You recognize that scene on the finish of Titanic?
The one the place outdated Rose drops the ‘The Coronary heart of the Ocean’ diamond necklace into the ocean, inflicting it to be misplaced eternally?
That is like that, however on your well being information.
Confused? Let’s begin right here…
One of many greatest promoting factors of Web3 know-how is that it will increase your particular person monetary autonomy.
(You’ll be able to retailer giant sums of cash on a USB as an alternative of a checking account, and transact anonymously by way of a crypto pockets, as an alternative of doxed by way of a debit card).
Now, the oldsters over at BeatBit Wellness Lab are trying to increase a person’s particular person autonomy past simply their funds.
Right here’s what they’re as much as:
BeatBit have created the ‘Cudis’ ring, which is basically the Web3 model of an Oura Ring (suppose: the well being options of an Apple Watch, however the system is worn in your finger).
The purpose of distinction right here is:
Your well being information is encrypted and anonymously saved on IPFS (a decentralized file storage system) — which means solely you possibly can entry it.
…okay, cool. How does that relate to particular person autonomy?
It relates particularly to our particular person physique autonomy.
For instance: when Roe v. Wade was overturned within the US, well being trackings app bought deleted en mass, trigger customers who lived in sure states feared these corporations may begin snitching on them to authorities.
And it’s not prefer it was an unfounded worry:
A fertility-tracking app often known as Flo was taken to court docket by the FTC in 2021 for sharing person information with Fb, Google, and others.
However even when these apps weren’t willingly sharing person information, and as an alternative had privateness insurance policies in place — that ain’t a repair!
With sufficient authorized stress, these insurance policies might be damaged.
So right here’s how the ‘Web3 escape hatch’ works:
The one strategy to entry/observe well being information utilizing BeatBit’s know-how is thru the app in your telephone, which holds the encrypted key — aka: a extremely advanced “would take one million years to crack” password.
(And there’s no firm within the center that additionally occurs to have that key).
So in case you delete the app out of your telephone and destroy any recorded backup passwords, your well being information is accessible to nobody, and gone eternally.
Very like Rose’s diamond necklace.
Oh, and P.S:
If you happen to do need to ‘pull a Flo’ and promote your well being information to 3rd events, you are able to do so utterly anonymously.
