One of the most disruptive technologies to come along and change almost every industry for the better has been blockchain technology. Not only has its capabilities and functions been sought after in the financial banking world and healthcare, its features now might have a place in online privacy and security for the mobile world, revolutionizing and protecting our futures.
Since its introduction as a supportive technology with the announcement and use of Bitcoin, Blockchain has become a solution technology solving many problems. Giant tech organizations such as Microsoft, Samsung, IBM, and Amazon have all launched their own competitive blockchain services, reflecting its potential.
Blockchain indeed has tremendous potential. However, many questions and concerns still create obstacles in its adoption on a mass scale, more extensive than we have seen thus far. Blockchain has the capability to protect private and personal data, and this feature is what could be the driving force, pushing it into the mainstream.
Blockchain is a secure ledger that works behind most cryptocurrencies. However, it has multiple uses beyond securing management of digital currencies because it creates an immutable ledger of information that makes it fraud-resistant. These features mean blockchain can be used to prove the authenticity of almost anything it tracks. This can help to build the bridge between the trust gap that most consumers fear, but how can this work?
Bridging the trust-gap
With the advancement of blockchain in the sue of data protection and mobile security, many technologists believe it has the potential to one day replace essential credentials such as usernames and passwords and instead provide everyone with personalized encrypted identities that we can use to manage everything that requires online information or personal data, including records.
Blockchain will be able to track and store all this data securely thanks to its nature of not being able to tamper with the ledger. The ledge is also not controlled by any governing body, making it an independent body, again making it more secure. This is, in theory, what a personal privacy protection blockchain could look like in the future.
However, many still question if the technology will be able to keep personal information safe as almost all the technology we have today to help keep your personal data secure is and has been in some way manipulated.
Privacy vs protection
When building a privacy protection blockchain, one of the most significant issues is how different privacy and protection are for one another. Data protection is focused on securing data from unauthorized access, and data privacy is about defining access to the data. Data protection is a technical issue, and data privacy is a legal issue, and both do not ensure the other. Privacy is the user’s right, and protection is the responsibility of the data gathered or the user. Both are very important in today’s day and age, but blockchain does one part immaculately.
Due to the nature of blockchain and its ability to be unchanged or manipulated, users will never be able to erase a part of their history of a privacy protection blockchain in place. However, this does, in fact, define the EU’s General Data Protection Regulation which claims that all users have the right to be forgotten. What this means is, if data has been put on the blockchain, there is no way of getting rid of it but making it great for security. This will help to make it suitable for security but bad for privacy, making its adoption as a personal privacy technology more ubiquitous.
In this way, blockchain could be used to supercharge mobile pay as users can fully be confident in the technology connected to their phones. Currently, many users are opting for the use of VPNs. Therefore, the use of blockchain technology combined with a VPN could be the ultimate force that consumers need to use the online domain with full confidence.
Although the connection of using blockchain for mobile privacy is possible, playing today doesn’t mean that it is not possible. Likewise, although blockchain is not immediately effective at protecting personal privacy in the way that we use it today, it doesn’t mean things will not change in the future.
As we continue to grow in the space of technology and we learn new ways of adopting technology for our everyday needs, there is a chance we will be able to implement blockchain in a new way that hasn’t been imagined today, making it even more versatile than it is today. As we live in a continually connected world, the need for new mobile privacy technology is needed, and the appetite for it is growing alarmingly. There is no doubt that the next five to ten years will be a totally different ball game compared to today in the world of privacy and protection for mobiles.