Page 47 - Understanding EOS TojuKaka FlipBook
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Are centralized systems insecure
and untrustworthy?
In early 2018, Christopher Wylie, a former employee
of Cambridge Analytica,l exposed how this company
had harvested the personal data of 87 million people
from Facebook. Cambridge Analytical processed
these data, sold it to politicians and used it to
influence elections by manipulating people on
Facebook. To perform this crime, Cambridge
Analytical only needed to get access to 305,000
Facebook users through which they got access to
their friends.
In the past, the most valuable companies were Oil
and Energy companies. However, the past decade has
seen Tech companies slowly take the top spot. The
ability of tech companies to build what people need
and their efficient methods of collecting user data has
made them build billion-dollar ecosystems.
Big firms like Google, Amazon, etc., are raking in the
billions yearly because they have unlimited access to
the data we produce daily. Their "free" platforms
have proven to be Trojan Horses, tools through
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