Imagine a world where medical records are part of a blockchain. They're decentralized, secure, publicly available, encrypted, and only shared with interested parties.

Now imagine someone finds a flaw in the software that a company uses to access the data in the blockchain. The 200K records "United Valor Solutions" has access to are read by an attacker and leaked on to the internet.

How is the Web 3.0 version better? If someone can access the data in the blockchain then an attacker can use that same mechanism and the legitimate access credentials to exfiltrate data if it's not secure. There is no magic solution to this problem.

>> Web3 is coming and these problems are being solved

This has always been the case, and we've been consistently wrong about what "web3" is. IDk if you remember "semantic web," for example.

These aren't easy problems to solve, and at this point, path dependency is a huge factor. The juiciest parts of the software industry are highly, if not totally dependent on proprietary & exclusive data. Even if blockchain-like technology was capable of being an everything data store, why would FB, Google, etc adopt it?

I would love the concept to have my private data encrypted but still accessible from everywhere....until quantum computing kicks in...NEVER give data in more hands then it needs to be.