“The emergence of Blockchain, coupled with advances in consumer technology devices, cloud computing and security measures will alter the current data ownership paradigm from centralized to decentralized. Early efforts include projects in healthcare and social media. In a project known as Solid, Tim Berners-Lee and his MIT cohorts are working to return ownership of social media data to the users that create them.
"In healthcare there is a growing desire for patients to control their own medical records based on the view from medical practitioners that patient care and quality of life is directly influenced by the ability of patients to access and utilize their data. This view is core to the Precision Medicine Initiative which envisions that patients, along with medical and insurance providers, should be able to access and share their lab results, x-rays, genetic and medical history data according to their own terms.”- Jans Aasman,
chief executive officer, Franz Inc.