So, let's take all of our personal info that is being harvested by many organizations and further defragment & centralize it by giving it to one organization?

So, let's take all of our personal info that is being harvested by many organizations and further defragment & centralize it by giving it to one organization? What could go wrong? I like the idea of getting it out of control of the current harvesting orgs, but what makes this group more trustworthy? They seem great now, but when you are dealing with a corporation, things can change - their situation andmor leadership changes and the formerly trustworthy organization is now extracting everything they can from you. A much better model would be to store the data locally with your equipment (maybe offering e2e encrypted cloud backup such that they can't read it), and their service provides a hub controlling the gathering & distribution of info according to your rules/permissions. EDIT Typo in 1st line