Ownership and Control:
Self-Sovereign Identity: Web3 allows users to own and control their digital identity and data. Instead of relying on centralized platforms that own and monetize user data, individuals can choose who to share their data with and under what terms.
Data Privacy: Blockchain technology can ensure that data is encrypted and stored in a way that is accessible only by those authorized by the user.
Decentralized Data Storage:
Instead of storing data in centralized servers (controlled by a single company), Web3 uses decentralized storage solutions (e.g., IPFS, Filecoin) that distribute data across a network of computers. This reduces reliance on large tech companies and prevents data monopolies.