Sovereign Storage Vault

Application developers are empowered to store user-generated data within the confines of the user's device, as opposed to relying on a private database vulnerable to cyber-attacks or a public data system like IPFS, which compromises user privacy.

Healthcare example:

Consider the scenario in a healthcare application where a user's medical record, once generated, is transferred and stored in the user’s sovereign storage vault. This data is exclusively tied to the generating application, with read and write permissions limited to said application. Subsequently, other applications may access the data stored in the vault, subject to user consent for read privileges. For instance, an insurance application may request access to medical records, enabling the user to submit claims.

This paradigm of user-controlled, centralised yet fully autonomous data storage markedly enhances data security and portability across the internet. It results in diminished security risks for companies, elevated user trust, and a more enriched data interaction due to the facilitated, risk-reduced storage of personal information across diverse applications.

Conceptually, this feature is akin to having all personal certificates, diplomas, event tickets, employment contracts, and more stored digitally and verifiably within one's mobile device rather than in a remote database.