Strictly Confidential: Blockchain-based Solutions for Securing User Data
In today's reality, the basic way for a server to authenticate a client is through a system of logins and passwords. We are all familiar with this system, alright. Using any website or a platform for the first time we create a pair login-password to confirm our further visits. It looks pretty simple, however, this system has a number of disadvantages, which we all are aware of. These disadvantages, e.g. weak passwords, the complexity of password management, the need to keep a separate password for each platform or website, high chances to lose or forget passwords, create a breach in the....
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In this day and age, no source of information is safe from prying eyes and hackers attempting to breach databases. Every so often, a company will accidentally leak confidential data, to great chagrin of affected individuals. In the case of a London HIV clinic, the leak of patient data could prove to be quite costly. There is no better time for decentralized record-keeping solutions and blockchain technology it seems. Imagine being a HIV patient, and finding out your personal details have been leaked “on accident” by the clinic you entrusted the information to. Data leaks do not occur....
Blockchain technology provides information sharing with high transparency and reliability, without management by a specific trusted organization. Financial trading applications, however, have operational issues related to safely executing trades, such as key management. Document management applications bring issues in creating a system that limits which people are allowed to reference information recorded in the blockchain. Fujitsu Laboratories of America, Inc. and Fujitsu Laboratories Ltd. have developed blockchain-based technologies to securely handle confidential data among multiple....
Using the latest cryptography, Blockstream has created Confidential Transactions designed to improve Bitcoin’s user security by keeping the amounts sent visible only to participants in the transaction, or other specified parties. Many have tried to improve on Bitcoin transactional security, with Darkcoin/Dash being the most notable example through their own altcoin. With the innovations inside chain technology, Blockstream has created Confidential Transactions (CT). Using the latest cryptography, Confidential Transactions is designed to improve Bitcoin’s user security by keeping the....
The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge Mastercard” giving privacy advocates peace of mind.
Edge Reveals Privacy-Centric Crypto Mastercard
The digital currency firm Edge has announced the launch of the Edge Mastercard, a loadable crypto debit card that doesn’t collect KYC data. Edge revealed the Mastercard on Twitter and....
In a first-of-its-kind, new partnership records market-data on the Blockchain. By securing any market feed onto the bitcoin blockchain, Brave New Coin and Smartbit hope to revolutionize markets in several important ways. Today Brave New Coin (BNC) and Smartbit http://www.smartbit.com.au officially announce their partnership and the securing of the world’s first Price-Index on the Blockchain. The ability to offer ‘provable market data’ has previously been impossible or extremely difficult. The partnership will be the first to engage in ‘Market-Chaining,’ the process where financial data....