Nicholas Zaldastani, a former Oracle director, discusses the growing importance of data ownership, privacy, and security in the digital age. During his tenure in the late 1980s, he recognized the strategic significance of data management, and he notes that the value of data has surged, influencing various sectors, including targeted advertising and artificial intelligence. He co-founded CESS, a decentralized data storage network, which aims to empower data owners by addressing the shortcomings of centralized storage, where users often lose ownership of their data. Zaldastani emphasizes data sovereignty, arguing that individuals should have control over their data's storage and security. Decentralized networks like CESS enhance security by breaking data into encrypted segments and distributing them across multiple nodes, making unauthorized access extremely difficult. This approach not only protects data from breaches but also presents unique potential for other sectors, such as non-fungible tokens and AI. Zaldastani's insights underscore the critical need for innovations that prioritize data sovereignty and security in an increasingly data-driven world.

Source 🔗