The Current Landscape

In today's digital landscape, personal data is a valuable commodity, yet users often have little control over how their information is collected, used, and monetized. Large corporations, including Facebook, Google, and Amazon, maintain significant control over personal data, leveraging it for their own benefit while offering minimal transparency or compensation to users. This centralized control introduces several risks, including privacy breaches, data misuse, and an unequal exchange of value.

Recent incidents illustrate the severity of the issue. For example, in 2022 alone, the number of data breaches worldwide reached approximately 1800, with over 400 million individual records compromised (source). Another incident occurred when several major companies, including Uber and T-Mobile, suffered breaches exposing sensitive user data to malicious actors (source). In response to this escalating threat, Scannit will implement an alarm and notification system to inform users in real-time if a service they use or have used has been breached. This allows users to take immediate action and secure their data.

Scannit aims to address these critical issues by empowering users to reclaim ownership of their data and ensuring a fair, transparent exchange of information. Without a platform like Scannit, the current trend of data exploitation and control by big corporations will likely continue, leading to increased security vulnerabilities and the erosion of personal privacy. The stakes are high: without intervention, users will remain at the mercy of tech giants, who prioritize profit over privacy and transparency. Scannit offers a viable alternative, promoting a decentralized, user-centric approach to data management that prioritizes user rights and equitable value distribution.