Muneeb Ali and Ryan Shea are the co-founders of Blockstack, a project to rebuild the internet using blockchain technology so that individuals can reclaim direct control over their own identities, contacts, and data. The goal is to bring the property rights we enjoy in the physical world to cyberspace.
- Is the internet broken? “These two Princeton-trained computer scientists—Ali completed his Ph.D. last month with a speciality in distributed systems—believe that today’s internet is fundamentally broken. Users are forced to trust companies like Google, Amazon, and Facebook to maintain our online identities and personal information. They store our files in giant data centers that are increasingly vulnerable to hackers. And the Snowden leaks revealed that the National Security Agency has strong armed these tech giants into handing over users’ personal data without bothering to obtain court-issued warrants.”
- Should I be evil? “Google has this saying, ‘don’t be evil,'” says Ali. “Maybe a company shouldn’t be powerful enough that they’re sitting there thinking, ‘should I be evil or not?'”
How does it work? “So how does Blockstack propose to alter cloud computing, which has bought enormous efficiencies to the tech sector? Ali and Shea say they’ve worked out a way to break up internet data centers into virtual storage lockers that are fully encrypted, so individual users are the only ones who hold the keys to their own data.”