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Recently published the second installment of the Blockchain Perspectives series: bit.ly/2TnaMUX
Key Takeaways:
Key Takeaways:
1. Privacy is not secrecy. It is the option to selectively reveal the minimum amount of information necessary for the shortest duration required.
2. Legislation will force companies to drastically change the way data is handled. This push for change will require the application of new technology and business models. This presents a unique opportunity for teams integrating privacy preserving technologies.
3. Privacy technology allows for data to be utilized but not revealed. Data is often used to answer a question; it is not necessary to know and retain the data used to derive that answer. This approach will become increasingly necessary for existing data driven use cases.
4. Pseudonymity is not acceptable to most corporations, and privacy preservation is required for many blockchain use cases to gain adoption. Increased usage and connectivity is the goal, but is a potential double-edged sword if privacy technology is not utilized in tandem.
5. In addition to the obvious, privacy preserving technology also offers solutions to interoperability, transactional scalability (500 TPS on Ethereum already possible), computational scalability (changes the dynamic from each and every network participant completing all...
...computation individually, to all network participants being able to quickly verify a small proof that all computation was done correctly), and allows for anyone with a mobile device to act as a full node. All of this without concessions to the Blockchain Trilemma.
