Will Blockchain Stop Personal Data Leaks? By Cointelegraph

Will Blockchain Stop Personal Data Leaks?

If you are one of the 2.4 billion active Facebook (NASDAQ:) users, the probability that your data has been leaked is around 17%, given the recent news of 419 million accounts being exposed. This means that, unless something changes, every sixth active user could lose control over their personal data. 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. But what are the fundamental problems of centralization and how can we rescue our data from criminals, greedy marketers and corrupt governments?

The last two weeks have brought us tremendous news about leaks. The most recent concerning the aforementioned database of 419 million Facebook accounts was found available to download on the internet and complete with details such as names, phone numbers, gender and country of residence. A while ago, Mastercard (NYSE:) officially reported about 90,000 exposed accounts to European Union authorities.

1. Governments themselves cease centralizing personal data. 2. New privacy regulations impose such high standards for personal data storage and third-party fines that storage will become economically unfeasible.Continue Reading on Coin Telegraph

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