For instance, you can use encryption. It is the process of converting information or data into a code. Especially, to prevent unauthorized access. It turns your personal information into “for your eyes only”.
Many companies are striving to improve the privacy and security that they offer their users and customers and are continually investing in better encryption software and techniques. One of the most recent advances in technology that offers a significant advancement in privacy and security is blockchain.
Private data on the blockchain is protected by cryptography. And it is stored using decentralized LEDGER technology (DLT) as opposed to being centrally stored. Breaches of centrally stored data have been making headlines over the past few years. In 2018 alone, the 10 biggest 10 data breaches affected 2.438 Billion personal accounts.
More detailed information on these data breaches here: on Avast Blog
To conclude, I propose that the greater concern is not the hacks that we know about. No, not that. It is how third-parties use our personal data that we don’t know about and have no control over.
The decentralized nature of blockchain coupled with cryptography provides varying degrees of anonymity and confidentiality. As well as privacy and greater security. This enables the protection of your personal information while still allowing the required elements of your data to be used by providers of goods and services.
This article was assisted in part, by correspondence with Biz, Lead Developer of The Blur Network.
Previously, Altcoin Buzz covered the introduction of TokenTuber and Swipe.io.
