Centralized companies leaking data has become somewhat commonplace in recent years, and that is only slated to only get worse. With more and more of our lives online, we need systems in place to protect our digital information. Using blockchain technology, our data could be much, much safer.
Centralized companies leak information more often than you may think. Simple errors in network configurations or access privileges result in millions and millions of peoples passwords, usernames, and emails getting leaked on a regular basis.
Websites such as haveibeenpwned.com allow you to enter your email and see if you’ve been a victim to a data breach. If you use the same password on multiple sites and one leaks it, your login credentials are out there for anyone to find.
You’d hold a private key on your device that is tied to your identity. Open the app with a fingerprint, scan a QR code, and you’ve just proved your identity without having to fill out any forms. The app would send you alerts in real-time when your identity is used, allowing you to monitor any fraud as it happens.
It could also be extended to things like medical records, allowing you to select what you want your doctor to see while your extended history stays encrypted on your phone.
As hacks become more and more common, consumers will seek out systems that offer protection and safety online. Using blockchain technology is one way we can take back our privacy.
Would you like to see blockchain tech used for data privacy? Do you have any ideas on how it could be used? Let us know in the comments below!
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