Why Data Privacy is Important for Users in the Web3 Ecosystem

Gabriel Mangalindan

Into tech, AI, startups and blockchain

This interview is with Daniele Marinelli, CEO and Founder of DTSocialize. We will discuss data and data privacy.

Hello there! What is your name, and what exactly do you do?

I am Daniele Marinelli, Founder, and CEO of DTSocialize. My global career as a new tech business advisor has come full circle in his creation of the DTCircle, a parallel digital ecosystem that reallocates the financial value of human identity in the web economy, bringing transparency, equity, and security to the universe of Big Data by disrupting the strategic value of connection and privacy in FinTech. 

How did you get into the blockchain space?

Everything we have witnessed in recent years has led me to reflect: what are the real inventions of the last decades? The answer is probably only the internet since all the rest are evolutions rather than actual inventions: the smartphone is an evolution of the telephone, just as computers are an evolution of the calculator. In that sense, web3 is the evolution of the internet, with blockchain technology being the backbone of it.

How have best practices in data privacy changed over the years?

There has been a shift in recent years in how we perceive data privacy. Currently represented by our DTSocialize community, users have started to realize that the time has come to change their status from being a target and source of data to become the owners and beneficiaries of positive data-derived outcomes, both practical and economical.

Why is data privacy important for users in the Web3 ecosystem?

We have just emerged from a pandemic that has changed our way of life to find ourselves catapulted into war. A war fought not with weapons but with data-based economic levers. All this has contributed to creating general mistrust on the part of web users, and not only of social networks. Web 3.0, which is based on blockchain technology and decentralized systems, could certainly help to rebuild the trust system that existed when the internet involved us as its main source of information.

The users must understand that the time has come to change their status from being a target and source of data to being the owners and beneficiaries of its positive outcomes, both practical and economical. In the DTSocialize ecosystem, users enjoy a “your data, your freedom” mentality since our company is building the first web3 social fintech ecosystem based on decentralized technologies. The ecosystem allows our community to transact and communicate seamlessly across interconnected platforms in a regulated, secure, and transparent way.

In fact, we don’t sell personal data, but we provide benefits if a user chooses to share it. We aim to disrupt the existing finance and IT landscape, transforming it into the first web3 digital-social Fintech ecosystem where users can choose how their data is used.

Do you believe users should be able to monetize their data?

I truly believe that. I founded DTSocialize on this base: our users choose how to use and monetize their data: and each user can decide how much they want to share of their digital footprint. Nothing, part of it, or all of it – and they have rewarded accordingly with direct benefits.

Why did you decide to build DTSocialize?

I created DTSocialize to make my dream, and every other user’s, come true. It is time to take back control of our data. It is not only a way to give back freedom to people, but it’s a wider vision. It’s a mission that should become a movement. Freedom was a trend already in people’s wishes before the Pandemic, but now it’s a true need.

What were your biggest challenges when building DTSocialize?

Still being the biggest challenge, not only for DTSocialize but for the whole Web3 ecosystem – adoption has to be it. It’s funny to say that for a technology that has been around for about 14 years, we are very much still in the infancy stage, but the whole ecosystem requires the public’s trust to thrive. The trend is positive, more people are joining the cause, and predictions are bright, but it does not make the here and now any less difficult.

How do you envision DTSocialize integrating with other software products?

We offer a growing and interoperable suite of services with today’s leading technologies to ensure data privacy and confidentiality. Joining any DTSocialize service offers easy access to the complete ecosystem.

What is your long-term vision for DTSocialize?

Right now, we are in the process of rebuilding and restructuring our center of focus with the aim of expanding our reach. It is hard to imagine what DTSocialize will look like in the near future, let alone in the long term.