Data runs the world. From analyzing financial trends to recommending a movie, it permeates all aspects of life. For years, databases and memory units have been used to store this data. Because of this, data has become highly centralized – living primarily in the databases of large corporations and governments. Over time, individuals have lost the ownership of their digital footprints, and the rights to its privacy. The existing structure has led to the monopolization of data, and has considerably decreased the privacy, security and anonymity of individuals.