

In earlier times, peasants saw their productive capital rerouted to their feudal lords. Likewise, we modern serfs see the monetary value of our digital presence being rerouted to big tech CEOs. And just as medieval lords used this capital to maintain their elaborate manors & their status in the nobility (thru kickbacks to the monarch), these modern day lords do precisely the same. The advent of tokenization promises to change this.









Big tech has profited enormously from the digital peasantry in two ways. Big tech has profited enormously from the digital peasantry in two ways.



They earn money based on the popularity of user-generated content. In other words, we use FB, Twitter, & IG to view content posted not by these companies, but by the individuals who use their platforms. Big tech collects & monetizes our personal data & has been doing so for quite some time. Own Your Content

first generation of competitors to Facebook hegemony (Steemit & The tokenization of digital content has already started the process of disrupting legacy business models. Seeing as thegeneration of competitors to Facebook hegemony (Steemit & Minds ) have been tokenized, one can only imagine just how decentralized future competitors will have to be.



The new token model is simple. Users are rewarded with tokens based on the popularity of their content. These tokens can then be traded on exchanges for other currencies or used for auxiliary purposes.



In fact, this very article is being boosted on







In fact, this very article is being boosted on Minds using tokens I earned from previous posts.

Own your Data



Another way our feudal tech lords profit from us is by collecting & selling our personal data to third parties. This too will end.



Tokenizing sensitive data not only makes it more secure, but also empowers individuals to use it however they see fit. In the age of tokenization, we will decide if our data is sold, to whom, & for how much. Moreover, that money will go into our pockets, not Mark Zuckerberg’s.



Financial incentives aside, the conglomeration of large data sets in the hands of a small number of firms, makes an easy target for hackers, or as we'll see later in this series - governments.



Not to worry, the tokenization of personal data is already underway. Companies like Docademic have already begun rewarding folks for access to their health care data with medical tokens.





Not to worry, the tokenization of personal data is already underway. Companies like Docademic have already begun rewarding folks for access to their health care data with medical tokens.



It works like this. Individuals grant Docademic access to health care data & are rewarded for doing so with DocTokens. DocTokens can then be exchanged for actual health care services.



Using an app, patients can report symptoms as well as schedule & attend telemedicine consultations with real medical professionals. All the while the patient's data is anonymized & used by hospitals, universities & medical research facilities to expand their knowledge base & make the health care industry as a whole, more efficient.



Nevermind, obamacare. The future is now.





Final Thoughts



In conclusion, our current state of digital feudalism is winding down thanks to the magic of tokenization. Soon, feudal tech lords will no longer own our content or our data. This is a trend to be welcomed. Not only will the tokenization of content & data empower individuals financially & strengthen existing markets, but it will also protect us from state surveillance.







We live in the age of digital feudalism.