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Neo’s founder says the next generation Internet will destroy the Tech Giants data silos

July 7, 2020

Most of the internet landscape today is controlled by some tech oligarchs like Facebook, Tencent and Alibaba, said Hongfei Da, the founder of the neo-blockchain platform.

Hongfei said that at the Unitize Blockchain conference These companies divided the Internet into several parts and created their own data silos.

He raised concerns about how these companies are deliberately using these data silos to prevent competition. At the same time, they abuse user privacy for both commercial and political purposes.

Neo’s founder says the next generation Internet will destroy the Tech Giants data silosNeo’s founder says the next generation Internet will destroy the Tech Giants data silos

According to Hongfei The best way to mitigate these problems is to lay new foundations for a more user-centric and decentralized Internet infrastructure.

Five attributes of the new generation Internet

Hongfei explained the important features of the new internet infrastructure It should be modular so that “everyone can create a part of it and then each part can be integrated to create a larger application”..

In addition, he said it should be an option and promote interoperability. These features allow users to freely choose the applications they want to use and the rules they want to follow when doing business..

He emphasized that Interoperability is a critical aspect of the next generation of the Internet that will help applications communicate with each other.

Hongfei also said that In order for free innovations to take place on the new Internet, they must remain without permission and adaptable.

In conclusion, the founder of Neo said that This Internet offers innovators business opportunities to build a better data protection and governance infrastructure, and to build business adoption applications..