TL;DR
Full Story
You understand 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The one the place outdated Rose drops the ‘The Coronary heart of the Ocean’ diamond necklace into the ocean, inflicting it to be misplaced eternally?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 to your well being knowledge.
Confused? Let’s begin right here…
One of many largest promoting factors of Web3 know-how is that it will increase your particular person monetary autonomy.
(You possibly can retailer massive sums of cash on a USB as a substitute of a checking account, and transact anonymously through a crypto pockets, as a substitute of doxed through a debit card).
Now, the oldsters over at BeatBit Wellness Lab try 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 gadget is worn in your finger).
The purpose of distinction right here is:
Your well being knowledge is encrypted and anonymously saved on IPFS (a decentralized file storage system) — which means solely you may 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 received deleted en mass, trigger customers who lived in sure states feared these firms would possibly begin snitching on them to authorities.
And it’s not prefer it was an unfounded concern:
A fertility-tracking app generally known as Flo was taken to court docket by the FTC in 2021 for sharing person knowledge with Fb, Google, and others.
However even when these apps weren’t willingly sharing person knowledge, and as a substitute had privateness insurance policies in place — that ain’t a repair!
With sufficient authorized stress, these insurance policies may be damaged.
So right here’s how the ‘Web3 escape hatch’ works:
The one method to entry/monitor well being knowledge utilizing BeatBit’s know-how is thru the app in your cellphone, which holds the encrypted key — aka: a extremely advanced “would take 1,000,000 years to crack” password.
(And there’s no firm within the center that additionally occurs to have that key).
So if you happen to delete the app out of your cellphone and destroy any recorded backup passwords, your well being knowledge is accessible to nobody, and gone eternally.
Very similar to Rose’s diamond necklace.
Oh, and P.S:
If you happen to do wish to ‘pull a Flo’ and promote your well being knowledge to 3rd events, you are able to do so fully anonymously.