Will Blockchain Stop Personal Data Leaks?
Oleksii Konashevych's original article for cointelegraph.com reduced by 71%
Again and again, no matter the government or the company managing personal data or how secure their systems are, personal data leaks happen all the time. The concept is as follows: Users store personal data locally on their devices, thereby contradicting the current paradigm of state-managed cloud-based registries with partially restricted access. In many cases, the data should not even leave the user's device or be disclosed - but when disclosed, the agent receives only a fraction of the personal data required for the interaction in question.
There are many ways and schemes on how to protect identity, but the core idea is that all data should be under your control - in most cases, you shouldn't have to disclose your data at all and in some cases, you only need to partially disclose. First of all, governments must cease storing personal data. "PDPR" must become the second step after General Data Protection Regulation, where "P" stands for "Personal." While the U.S.
and other countries are trying to recover from GDPR, the concept of "Personal Data Protection Regulation" is already being discussed in the EU.A major factor in this is that politicians must have the courage to adopt the strictest rules and impose the highest fines that can be applied. There is only one purpose for this: Whenever any company, bank or public servant wonders if it is a good idea to store someone's personal data, they need to think very carefully about whether their reasons suffice, because we know that whenever personal data is centralized, it will inevitably be exposed someday.
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CN [too long; didn’t read]
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