Blockstack coming after Steem

Steemians,

I wanted to share an article that caught my eye earlier today. It was posted on May 10, 2018. Surprisingly, I have not seen anything about this on Steemit. I am hereby breaking the news, albeit 12 days later.

The short story: "the Blockstack Public Benefit Corporation is taking a stand and committing $1,000,000 to support social network dapps that rewrite the fundamental basis of how we connect."

The whole thing:
https://blockstack.org/blog/a-1m-request-for-social-networks

What are we thinking ? A future/viable alternative to the upcoming apps powered by SMTs? Healthy competition?

Thanks for your feedback and comments.

Lio

For easy reference -

About Blockstack

Blockstack is the new decentralized internet.

With Blockstack, users control their data and apps run on their devices. There are no middlemen, no passwords, no massive data silos to breach, and no services tracking us around the internet.

The applications on blockstack are server-less and decentralized. Developers start by building a single-page application in Javascript, Then, instead of plugging the frontend into a centralized API, they plug into an API run by the user. Developers install a library called blockstack.js and don't have to worry about running servers, maintaining databases, or building out user management systems.

Personal user APIs ship with the Blockstack app and handle everything from identity and authentication to data storage. Applications can request permissions from users and then gain read and write access to user resources.

Data storage is simple and reliable and uses existing cloud infrastructure. Users connect with their Dropbox, Google Drive, S3, etc... and data is synced from their local device up to their cloud.

Identity is user-controlled and utilizes the blockchain for secure management of keys, devices and usernames. When users login with apps, they are anonymous by default and use an app-specific key, but their full identity can be revealed and proven at any time. Keys are for signing and encryption and can be changed as devices need to be added or removed.

Under the hood, Blockstack provides a decentralized domain name system (DNS), decentralized public key distribution system, and registry for apps and user identities.

Source: https://blockstack.org/faq/#what_is_blockstack?
Learn more here: https://blockstack.org/