Blockchain and Data Privacy

Data privacy has always been a branch of data security concerned with the proper handling of data – consent, notice, and regulatory obligations. More specifically, practical data privacy concerns often revolve around: Whether or how data is shared with third parties. Blockchain is decentralized, encrypted, and cross-checked which allows the data to remain strongly backed. As blockchain is fully loaded with nodes and to hack most of the nodes concurrently it is impossible. Being one of distributed ledger technology it's most fundamental attributes are data immutable. Blockchain transactions allow users to control their data through private and public keys, allowing them to own it. Third-party intermediaries are not allowed to misuse and obtain data. If personal data are stored on the blockchain, owners of such data can control when and how a third party can access it. Wealth Secrets host, Nana Kay, in partnership with Blockreview.net and Blockcast.cc brought you this segment on "Blockchain and Data Privacy". Our guest speaker is Kohei Kurihara. He will share some insights with all of you.