I am director of research for digital assets at Forbes and editor of Forbes CryptoAsset & Blockchain Advisor. Prior to this I was at Kraken, a cryptocurrency exchange based in the U.S.
Virtual Private Network s are marketed as a cloaking device to trick internet users into thinking they are anonymous online. However, it's an open secret that VPN s sell user data for money.“If you are not paying for the product, then you are the product.” Over the past two decades, “free” internet services like Google and Facebook have built giant innovative businesses by essentially selling their customer data to advertisers.
Since many people don’t value privacy enough to pay for it, VPNs sell customer data to fund operations, in addition to offering subscription plans. The latest entry into the virtual private network market is a Swiss-based blockchain startup called Nym Technologies. Its founder Harry Halpin says his new NymVPN doesn’t need to sell customer data because blockchain technology will be used to create “self-sustaining economics.
After supporting protesters by helping them get set up with various VPNs during the Arab Spring, Halpin went to work for Sir Tim Berners-Lee, inventor of the World Wide Web, to help make web browsers like Google Chrome more secure. His next epiphany came following the Edward Snowden revelations in 2013.
“The closer we can get the packet exchange down to bare metal, the more secure it is, the faster it is,” says Manning, referring to the efficiency that comes with hard-coding programs directly onto silicon chips as opposed to running software programs to accomplish tasks atop generic hardware.
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