2.3 Prospects of Blockchain Technology in Social Networking

With the rapid development of the Internet, social media has become an indispensable part of people's daily life. However, traditional centralized social platforms face problems such as data privacy leakage and opaque content auditing, which bring many troubles to users. The emergence of blockchain technology has brought brand new possibilities to the social field, mainly in terms of data security, content realization and decentralized management. Its prospects in the social field include:

Data ownership and privacy protection: with blockchain technology, users can have complete control over their data, preventing data leakage and misuse.

Transparency and non-tamperability: The transparency and non-tamperability of the blockchain ensures the authenticity and traceability of the content and reduces the spread of false information.

Decentralized management: social platforms can achieve decentralized management through smart contracts, reducing excessive intervention of the platform on user behavior and increasing user freedom.

Content Realization: Blockchain supports a variety of realization methods, such as NFT, cryptocurrency bounty and decentralized advertisement sharing, which enables content creators to gain revenue in a more equitable way.

Globalized and hassle-free payments: With cryptocurrencies, users can make hassle-free payments and transactions globally, breaking the limitations of the traditional financial system.

Banana3, a next generation social platform based on MEME culture and blockchain technology, incorporates these trends and prospects into its ecosystem to provide users with a more secure, innovative and fun social experience.