The blockchain was initially founded in a protest of the traditions of the financial sector. A general dissatisfaction with the centralization of wealth and wealth management tools has continued to spur more and more people onto the growing technology and its applications. But it isn’t just the financial sector which might be revolutionized by the nature of the blockchain. And similar to the beginnings of the technology in the financial business, many innovations in other sectors are bred from a deep sense of disdain for the status quo.
One area which may be changed drastically by some businesses new to the blockchain is the internet. Generally, people continue to become more and more annoyed with the centralized state of affairs on the World Wide Web. Companies like Google, Facebook, and Instagram continue to make the news for their irresponsible usage of consumer data for financial gain. By offering their service for free, they are given nearly free-reign to misuse information they track about their consumer-base.
But as is often the case with companies on the blockchain, some startups are working to rectify some of the injustices they perceive using decentralized technologies. Tron, known by the ticker TRX, is attempting to create a new platform through which content can be delivered to consumers. It functions by storing information and data on the platform, which is then stored on personal computers belonging to network members. This is in stark contrast to the traditional way of media storage, in which the data is stored privately on company servers.
In order to use this decentralized platform, consumers will need to have a stock of the Tron currency, known as TRX. In theory, this will give both functionality and worth to the coin while furthering the interests of the community Tron seeks to create.
Is it Possible?
This is one question which continues to be debated within the crypto community. In theory, it is entirely possible to have a network of information which is stored privately on consenting computers. There seem to be no structural barriers to this sort of system, and it actually closely resembles existing methods of data storage in countries where access to an unedited internet is somehow restricted.
But at the same time, the larger question appears to be, will this be an effective way to achieve what the service seeks to achieve? The answer is still up in the air. It is possible that Tron will gain enough traction to have a legitimate rival to the traditional internet. The political climate is rife for many to transition into a less centralized version of the traditional internet.
But only time will tell is Tron is able to achieve this enormous feat for the blockchain and the internet. In order to truly change the way we share information, Tron doesn’t just need the technical capabilities to do so. They will also need an unprecedented amount of participation, interest from even more major corporations, as well as adoption by several large international agencies.
Still, the nature of the blockchain lends itself to dreams. And for Tron, the dream of a decentralized and free internet seems to be one worth fighting for.