71% of users demand share of big tech profits

A recent survey conducted by Consensys and YouGov reveals significant concerns among users regarding the influence of big tech companies and the misuse of artificial intelligence (AI). 

The survey indicates that 71% of respondents feel entitled to a share of the profits generated from their data. 

Additionally, 78% expressed a desire for greater control over their online identities, while only 46% reported trust in current social media platforms. 

Concerns regarding AI-generated misinformation are prevalent, with 76% of participants worried about fake news produced by AI technologies. 

Interestingly, 60% believe that blockchain could help address these issues. 

The report highlights that countries with a stronger familiarity with blockchain, such as Nigeria and South Africa, show higher levels of concern about AI-related fraud. 

In Nigeria, 86% of respondents expressed anxiety over AI's potential to create misleading content, followed closely by South Africa at 85%. 

Conversely, Japan reported the lowest concern at 58%. 

The survey also notes a growing acceptance of blockchain and cryptocurrency in emerging markets compared to more developed regions. 

For instance, 84% of Nigerians reported owning a crypto wallet, while two-thirds of South Africans indicated similar ownership. 

Overall, approximately 37% of respondents believe that the international banking and money transfer systems would benefit from decentralisation. 

This sentiment is particularly strong in Nigeria (25%), Indonesia (23%), and the Philippines (23%), while only 7% of respondents in South Korea share this view. 

The findings suggest a shift towards a more equitable digital landscape, where users seek ownership and control over their data and online presence. 

“The critical role of blockchain and decentralization in enhancing privacy, trust, and transparency for how our data is managed cannot be overstated,” stated Joseph Lubin, co-founder of Ethereum (CRYPTO:ETH) and CEO of Consensys.