"To many privacy professionals, a 'user-centered internet for individuals' would only exist in a perfect utopian world," writes Duff & Phelps Regulatory Consultant Seth Litwack, CIPP/US, CIPM, CIPT. "Yet, as the blockchain ecosystem matures, individual control, trust and security are consistent themes that blockchain and cryptocurrency platforms are attempting to tackle. In the not-too-distant future, a cryptographically secured digital identity may allow us to 'trustlessly' complete transactions that would have previously required the exchange of personal data and layers of verification." In this second of three installments on blockchain, Litwack explores the notion of a blockchain-based, decentralized web that removes centralized file storage, the data middleman, and potentially curbs massive data breaches.
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