4 ms·

True audits are really good way to keep companies in check but what about a company like TikTok or companies in other countries where you are not sure if the au

• bborud 5y ago
  Naturally you can only perform meaningful audits if you can have them performed by a party you trust and you have the ability to impose sanctions due to non-compliance. That's not going to be true for all companies, but it will be true for many companies. Especially if they have any form of economic activity within some jurisdiction. Then it is up to the users to choose services that are under some acceptable regulatory control. The fact that it can't be made perfect with one move doesn't matter. If things can incrementally be made better for the users whose data is used to generate immense revenue, that's a step in the right direction. Decentralized models are interesting, but surprisingly hard to do, let alone do well. Not only from a technical point of view, but from a business point of view. There is also the challenge that just about every incumbent today has a vested interest in making sure these ideas do not get traction as it would rob them of what makes companies valuable.