Data breaches like the recent Equifax and Deloitte
hacks have brought bright attention to the fact that personal data is
not secure. In a host of areas, data is at risk from breaches that would
result in the loss of privacy and perhaps finances.
The Harvard Business Review (HBR) thinks that Blockchain technology has to power to keep data safe for consumers and businesses alike. Because Blockchain provides a secure and immutable ledger, HBR says it represents the key to taking back privacy of data. According to the article:
“You can keep certified copies of identity documents, biometric test results, health data, or academic and training certificates online, available at all times, yet safe unless you give away your key. At a whole system level, the database is very secure.”