The Proven Growth Strategy in Tech

Blockchain and Decentralization

PALM BEACH, Florida, June 21, 2018 /PRNewswire/ --

Marketnewsupdates.com News Commentary  

Disillusionment with traditional and centralized social platforms is growing. People are increasingly aware of the drawbacks of huge and powerful centralized social platforms such as Facebook, as the recent Cambridge Analytica scandal highlights. These companies are now worth hundreds of billions of dollars, yet none of that value has trickled down to the people who made it possible in the first place; the users. According to Statista, youngsters are leaving the social media platform, and this trend is expected to continue through 2018. As such, blockchain companies such as International Business Machines Corporation (NYSE:IBM), Social Reality Inc. (NASDAQ:SRAX), Global Blockchain Technologies (CSE:BLOC) (OTC:BLKCF), BTL Group Ltd. (TSX-V:BTL), and HelloPal International Inc. (CSE:HP) (OTC:HLLPF) are ushering in a new business model for social platforms.

The Danger and Inequality of Centralized Social Platforms 

There's no denying the impact and influence that social platforms have on people's lives nowadays. Much of this influence has been positive, as witnessed by how such platforms have been used to bypass repressive authoritarian censorship and even foment real political change previously thought impossible, such as the Arab Spring of 2011.

But it hasn't all been roses. The amount of user data that these social platforms have access to is staggering, and dangerous.

There is also the issue of rising inequality exacerbated by the tech giants of today. Facebook has a market cap of well over $500 billion, yet the users who made this possible have seen none of this value. Take all this into account and it's easy to see why there is a growing disillusionment with the current business model of giant tech companies that feed off the users and give little back in return.

HelloPal: New Age Peer-To-Peer Socialization  

The advent of blockchain technology has been dubbed as the 'fourth industrial revolution', and its decentralized model has the potential to upend the traditional social platforms' business model. This is the reason why HelloPal International Inc. (CSE:HP) (OTCPK:HLLPF), a mobile social application which allows its 3 million registered users from all over the world to help each other with language learning and travel arrangements, is moving its platform to blockchain.