while most Blockhain benefits are often time highlighted in the computing power, quality data, financial transactions etc...
I don't think it too early to start discussing its benefits in the social media world.
I see STEEM trying to bridging this gap beyond what we have now.
Most people have raised concerns about control, security and privacy during its early adoption, but come on guys; how about these concerns while you facebook, instagram, whatsap, snapchat amongst others.
Facebook coughing out some over 100 million dollars here for breach of data/privacy rule .. https://mobile.nytimes.com/2017/05/18/technology/facebook-european-union-fine-whatsapp.html
Infact, Steemit gains its security from a delegated proof-of-stake algorithm, first developed for Larimer's BitShares project, which is a variation of proof-of-stake. A true proof-of-stake algorithm, such as peercoin, relies on those who hold the currency to verify transactions. -Coin desk
While we all enjoy the incentives and rewards of sharing our writings and curating, I root STEEM to a the lead.
We love this space, we love this community.