Block.one Make investments $150 Million Into Voice, However Privateness Issues Linger

Block.one — the corporate behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media community, Voice.

Introduced on March 26, the funding contains $50 million in mental property property and $100 million. The injection is meant to present Voice the sources wanted to function independently from Block.One.

Voice is in closed beta

Voice is at the moment in closed beta testing and is completely out there to U.S. customers. The platform is constructed on high of the EOSIO protocol.

Customers should confirm their identification to make use of the platform, after which they’ll earn Voice tokens in response to their participation within the community. Voice customers should present their residence tackle, authorities identification, and pictures of themselves so as to be verified.

The Voice tokens at the moment usually are not listed on any exchanges and should not have a financial worth. All Voice tokens earned throughout beta testing will probably be reset when the platform launches.

Privateness issues encompass Voice

Regardless of comprising a cryptocurrency-powered platform, Voice has come underneath hearth for exhibiting vital privateness issues.

Not one of the posts or consumer knowledge is saved on the Voice Chain, with the blockchain solely containing hashes for all the platform’s knowledge.

U.Okay.-based agency, HooYu, will retailer all the precise knowledge for Voice. The agency reserves the best to share all consumer knowledge collected with its staff and contracted third events offering HooYu with knowledge processing providers.

HooYu gives a debt restoration service, via which consumer knowledge can be utilized to hint debtors by “revealing all connections to a person or enterprise; this enables them to find hidden addresses, associates, phone numbers and e mail addresses.”

Information collected by HooYu will also be used to “forestall and detect crime.”