"Imagine a global database (or a set of global databases) that every application plugs into. That’s the general idea behind the Shared Data Layer. As the name suggests, it’s a data storage layer that is decentralized and open to everyone."
The Blockchain Application Stack →
"Companies like Ebay, Facebook and Uber are very valuable because they benefit tremendously from the network effects that come from keeping all user information in centralized in private silos and taking a cut of all the transactions. Decentralized protocols on top of the blockchain have the potential to undo every single part of the stacks that make these services valuable to consumers and investors."