Concerns around data privacy are rising, and blockchain is the solution
A decentralized future, with Web 3.0 and blockchain at its core, will provide the best practices in users’ privacy and data protection. Today’s consumers are willing to trade their data for personalization but have fast-growing concerns about data privacy. In a survey from a digital security and credential issuance company Entrust, only 21% of the respondents trust established global brands to keep their personal information secure.As data privacy pressure on Big Tech increases, these companies are starting to make significant investments in security solutions.Regulations around the world....
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One of blockchain’s greatest challenges that’s yet to be solved is the lack of confidentiality and privacy of data. It’s a challenge that needs to be addressed though, because until a solution is found then blockchain will always be out of the question for enterprises that put a premium on data privacy above all of […]
A new blockchain system will be used to manage and track COVID-19 exposure among students and staff in multiple charter schools across California state. The new applications and measures being implemented by public health authorities across the world during the COVID-19 pandemic have sparked debate over how to balance biosurveillance with individuals' right to the privacy of their personal information.In California, the Collaborative Charter Services Organization, which provides administrative support services to charter schools, has chosen to roll out a pandemic management system that....
The confusing, user-unfriendly format of Bitcoin addresses has turned off many possible new users in the past, but Onename has been working on a solution to this ease-of-use issue for quite some time. Although the ability to link a Bitcoin address to a Onename username has been available for a while now, a newly released API will allow bitcoin users to share one easy-to-understand name with their friends and work colleagues. Privacy Concerns Remain. Although Onename allows users to map their username to a static Bitcoin address, there are a few issues with the current setup. Reusing....
Privacy is still one of the most important features of cryptocurrencies for traders according to data. To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges. The 2021 Privacy & Trust on Cryptocurrency Exchanges report examines the drivers behind user trust and activity surrounding blockchain transactions and exchanges.Download the full report here.The 404 participants in the survey all....
The initiative wants to set clear boundaries for the personal data accessed by third parties. Oasis Labs, the commercial venture closely related to the Oasis Protocol blockchain, announced a new data privacy project built in collaboration with BMW Group.Announced on Wednesday, the collaboration between the two companies aims to build a new method of accessing personal data that would place clear restrictions on what information can be obtained and how.Oasis refers to this constrained approach as “differential privacy.” It’s an attempt to provide guarantees that aggregated data cannot be....