Bitcoin technology can completely transform the way you switch between email accounts, at least that’s what Vitalik Buterin, the founder of decentralized applications platform Ethereum thinks. Vitalik believes that the concept of decentralization behind the Bitcoin technology could actually provide ownership of the email accounts to the users and not to the service providers.
A speaker at the recently held FutureFest in London, Vitalik says that, “A blockchain is this magically decentralized computer that’s going to keep running your program faithfully as long as it exists. You have no ability to change it. Wouldn’t it be a bit safer if we had our identities on a platform like that?” He goes on to add that, “Building a decentralized service is the strongest way for an application developer to pre-commit not to be a jerk.”
The blockchain technology facilitates peer-to-peer interaction without a need for the third party. On a similar basis, a distributed email system or an identity system can be created on the blockchain without handing over the controlling power to a third-party such as Google, Yahoo, and etc. This essentially means that if Google were to halt its email service Gmail tomorrow, you wouldn’t have to worry about losing the emails because you can easily change your email address as you will be the real owner, i.e. your identity will no longer be dependent by your Google login but by the blockchain.
However, Vitalik doesn’t expect the ride to a decentralized email system to be easy and short. He thinks that the journey of decentralized tech is “complicated” and that it will involve a comprehensive analysis of the decentralization technology to figure out what works and what doesn’t.
This could be a great development for multiple email account users who always fear losing their important emails. The reality may be far, but it’s definitely worth waiting for!