Consumers have a strong need to connect with the world, and tablets, mobile phones and wearables will be their choice. All of these devices are able to connect to the network, and we have only one screen between us and our friends.
It must be said that wearable technology is in a situation where it usually comes in the form of an accessory. In this regard, no wearable technology product can provide the same functionality as a computer, although between them The boundaries begin to become increasingly blurred. Regardless of whether wearable technology is just a flash in the pan, it is now a hot topic. Although most of the focus is on innovation, there are some long-standing issues that are worth paying attention to.
Data leakage and lack of transparency
In the process of rapidly spreading wearable devices, consumers tend to forget that their personal data is at risk. All wearable device manufacturers not only profit from selling equipment, but also collect a large amount of user data. In many cases, data obtained by vendors is sold or disclosed to third parties.
This is no big deal for many consumers, just as they want to connect with everything around them all the time. But companies engaged in data collection need to provide a degree of transparency in this area, such as when and where user data will be used. More importantly, how this data will be used.
The blockchain technology used in bitcoin networks is currently the technology that provides the most transparency. Blockchain technology can be used not only for payment but also for many applications. Blockchain technology can be used for medical data records, electronic medical records, drug anti-counterfeiting, and the like.
For wearable technology, blockchain technology can make user data destination problems more transparent. Further, decentralized applications will be applied to wearable technologies based on blockchain technology. In fact, this is happening.
Wearable technology is an innovation that we need to understand better before it can be used on a larger scale. However, these companies have a responsibility to be more transparent and accountable to their users, and blockchain technology will prove to be a good choice.
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