Data is The World’s Most Valuable Resource
User data is the core value of all consumer facing apps. Centralized platforms mine and productize data for their own agendas, leaving control in the hands of a few companies. At dock.io we believe in this value being shared between users and apps to create a more connected and decentralized internet.
The Consequences of Closed Networks
A person’s profile and information lives on hundreds of apps which are all closed networks and centralized sources. These apps control data at their will, while users and other companies are left with limited opportunities.
Users Have Limited Opportunities
- Inconsistent information
Most people have dozens of profiles online, many of which haven’t been updated in years, resulting in inconsistent information floating around the web.
- Lost value and opportunities
The inability to transfer value in the form of experiences, reputations and reviews, means losing out on opportunities.
- No control
Apps own and control user information within their platforms. They change rules constantly at their consent and even share user data via partnerships without user’s knowledge. Users have little to no control over what centralized apps do with their data.
Companies Are Stifled From Innovating
- Cold start challenges
Building a product in this space is extremely difficult due to the "cold start" factor. Every platform relies on the same data, and is required to build their own source from zero.
- Centralized platforms dictate the rules
Platforms have full control over the information they store, and are increasingly making it harder for third-party apps to access.