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Tag: privacy

Mysterium To Build Blockchain-based VPN for Secure, Anonymous Internet Connection

Mysterium To Build Blockchain-based VPN for Secure, Anonymous Internet Connection

 

This is a paid press release, which contains forward-looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality of the press release.

27th April, Zug, Switzerland: Blockchain startup Mysterium Foundation has announced its token crowdsale scheduled for the 30th of May. Mysterium is building a decentralized Virtual Private Network (VPN) that anyone can use to connect securely and anonymously to the internet. The system is also designed so that users who share their spare bandwidth to the network will be able to earn digital tokens in reward. The Mysterium platform will operate via its native MYST token, available through the crowdsale.

Until now the public has had to trust their private data to large centralized VPN providers. Now Mysterium will offer an alternative decentralized peer-to-peer (P2P) network that aims to take back power from big corporations. Mysterium acts as a distributed marketplace for the give and take of VPN services and is backed by secure Ethereum blockchain technology.

Internet privacy is under attack. Last month the U.S. reversed a set of important consumer protection rights allowing Internet Service Providers (ISPs) to track customer activity and sell that data to the highest bidder. According to the Electronic Frontier Foundation customers will now be subject to ‘new and invasive ways to track and deliver targeted ads to customers’ [1]. As a result, the U.S. has seen a huge surge in demand for VPN’s as people seek to restore their privacy. Most users are unaware that they are simply moving their private data from centralized ISP’s into the hands of centralized VPN providers.

Mysterium offers a real alternative — an open source, decentralized and encrypted VPN solution with levels of privacy unmatched by centralized providers.

Mysterium Network is specifically designed to combat this erosion of our privacy at a time when corporations, governments, and other entities are becoming increasingly invasive in their surveillance tactics. The peer-to-peer platform will be completely Open Sourced — so no hidden code that can secretly do something you don’t want it to and no hidden or central servers secretly collecting your data. 
-Robertas Visinskis, Founder, Mysterium Network

The Mysterium platform is designed so that anyone with bandwidth to spare can join the network as a VPN node provider and earn MYST tokens in reward. To enable the system to scale, transactions will be handled through the platform’s own decentralized micropayment system called CORE.

The MYST token pre-sale opens on May 30th at 13:00 UTC. Funds raised will be used to support the development and the launch of the platform.

For more information visit: https://mysterium.network

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Chris Corey CMO MarketHive.com

By Bitcoin.com -April 28, 2017

Alan Zibluk Markethive Founding Member

UK halts Facebook’s WhatsApp data dip

Facebook has been told it must not use data gathered from UK members of its WhatsApp messaging app to target ads on its core social network.

facebook and whatsapp data privacy

The country's Information Commissioner said she did not believe the firm had obtained valid consent for the move and added that people must be given "ongoing control" over their data.

Elizabeth Denham said that Facebook had agreed to "pause" its rollout but had not met all her demands.

Facebook has yet to publicly comment.

The California-based company bought WhatsApp in 2014 and pledged to keep the chat app independent.

However, in August, WhatsApp made changes to its privacy policy, prompting an investigation by the UK watchdog.

"I had concerns that consumers weren't being properly protected, and it's fair to say the enquiries my team have made haven't changed that view," blogged Elizabeth Denham, the Information Commissioner.

"I don't think WhatsApp has got valid consent from users to share the information.

"We've set out the law clearly to Facebook, and we're pleased that they've agreed to pause using data from UK WhatsApp users for advertisements or product improvement purposes."

Enforcement

Ms Denham said she now wanted Facebook and WhatsApp to:

  • offer customers' more details about how their data will be used
  • let WhatsApp members restrict access to their information beyond the existing 30-day cooling-off period
  • let users completely opt-out of the agreement at any time

Ms Denham said that Facebook had not agreed to these terms.

"If Facebook starts using the data without valid consent, they may face enforcement action from my office," she warned.

WhatsApp has already been cautioned warned by European privacy watchdogs about sharing user data with its new parent company. 

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Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Alan Zibluk Markethive Founding Member