You’re watching a top moment from the Web3 and Blockchain Battleground digital event.
Highlights
00:23 — Blockchain and privacy are broad-ranging topics. Many crypto stakeholders frame the discussion on privacy as being equivalent to the anonymity of financial transactions. However, anonymity is an edge case.
00:42 — There are many uses of personal data collected or processed by organizations that should be considered in any privacy discussion.
00:52 — Hedera has a privacy expert that has helped formulate a framework for companies to use. The framework focuses on three areas:
- Global privacy requirements — understanding essential privacy and data protection
- Architectural considerations — addressing emerging architectural patterns for deploying decentralized applications
- Inheriting trust via Hedera
01:50 — There are three privacy and data protection pitfalls to avoid:
- Identifying who is accountable for compliance
- Deletion of personal data from the blockchain
- The finality of smart contracts that are made in error
