Neo’s founder says the next generation Internet will break the data silos of the technology giants


Most of today’s Internet landscape is controlled by a few technology oligarchs like Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of the Neo blockchain platform.

During Unitize’s blockchain conference, Hongfei said these companies have divided the Internet into several fragments by creating their own data silos.

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He raised concerns about how these companies intentionally use these data silos to prevent competition and, at the same time, abuse user privacy for both commercial and political purposes.

According to Hongfei, the best way to curb these problems is to lay new foundations for a more user-centred and decentralised Internet infrastructure.

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Explaining the important features of the new Internet infrastructure, Hongfei said it should be modular so that „everyone can build a part of it and then each part can be integrated to create a larger application.

In addition, he said it should be an option and promote interoperability. These features would allow people to freely choose the applications they want to use and the rules they want to obey when doing business.

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He stressed that interoperability is a crucial aspect of the next generation Internet that will help applications communicate with each other.

Hongfei also said that for free innovation to occur on the new Internet, it must remain Iq Option unlicensed and adaptable.

In conclusion, Neo’s founder said the Internet will create business opportunities for innovators to build a better infrastructure for privacy and governance and to create applications for business adoption.