In the world of ICO, another company has appeared that collected millions of dollars to realize its idea. Startup Blockstack has successfully held ICO and plans to use the collected money to develop the concept of parallel Internet, which will exist regardless of the traditional writes Venturebeat. The essence of this idea is to give users power over all their data. In this network, which will develop parallel to the existing Internet, all user data will belong to him alone, he will store them himself. The creators of the concept believe that the approach is beneficial for both users and developers of applications and sites in this network. The first is sure of the safety of their data, the second is saving on the storage of user data, solves the problem of privacy. User accounts will be equipped with an API, through which they can share their data with applications that he trusts. The development of such a concept would mean that Facebook or Instagram would not store your data on servers. Such traditional information stores would be smaller. Instead, users kept photos and data about themselves on the laptop or in the cloud, and the application would have only a pointer to the data, not on them. Access to such a network will be through special browsers and mobile applications. As a result, people will be able to protect their privacy. Developers do not have to face the specifics of legislation in each of the countries.

The creators say that the network can be accessed through special browsers Blockstack and through applications. At the moment, 8 applications are already written for the platform, which are available for everyone who will launch the browser. The company's money goes including attracting developers. And in the near future the company expects to see in its ecosystem decentralized clones of GitHub, Twitter and Slack.

Original article: Blockstack startup attracted $ 52 million to create a parallel Internet.