Privacy In Blockchain Technology by samest

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· @samest ·
$0.44
Privacy In Blockchain Technology
Internet have been in existence for a long time now with different users making use of internet to perform their daily activities. With the rate at which the world is advancing especially in technology aspect, internet is now widely use and very important to most individual and even companies. They all find joy backing up their data and information while making use of the internet for future use. The more internet advance, the more information are leaking out due to lack of adequate security. Hackers are now rampant and they monitors internet users activities or steal their personal information which can be used to scam or do all sort of negative things, not only that, some organizations betray users by using their data without them knowing or without an honest agreement.

 <center><sub>![image.png](https://img.whaleshares.io/wls-img/smtshares/0da257590fb8f95da0f075c0ca042b78e4d84d89.png)
**Pixabay**: [Blochcain Privacy](https://cdn.pixabay.com/photo/2017/03/23/12/56/security-2168233__340.jpg)</sub></center>
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This is one of the main reasons blockchain came into existence to eradicate the issues of data and information leakage and bring in a secure privacy to the users. Making use of the blockchain technology is really interesting because it doesn’t require name, email or any information pertaining to the user, all you need is to note down your passphrase which is very important and start sending and receiving the cryptocurrencies. This isn’t beneficial to individual alone but also to the corporations that have their personal data stored manually because each identity is hidden behind cryptography which make it very difficult for people to identify the real owner of the account.


### HOW BLOCKCHAIN CAN HELP ENHANCE INTERNET PRIVACY

* *Safety*

Blockchain bring decentralization to the world which will eradicate centralization or third parties. Moreover  all information are interconnected and there is transparent transactions, this make it nearly impossible for hackers to gain access to the blockchain technology and steal data. Blockchain datas cant be remove or add without it being recorded. 

* *Protecting Identity

Self-key are being issued on the blockchain technology, this keys are encrypted and this give the users the right to only decided who to share their information with and can only link out the necessary information they want to give out to the third parties because they can’t have access without your permission

### Weakness of Blockchain Privacy

* It lack flexibility when it come to allowing or removing access to information or details

* Information on the blockchain are permanent, it can’t be remove or destroy

Privacy is what everyone desire, presently blockchain enthusiasts are now looking for ways to increase blockchain privacy, ownership of data and with time this will be possible. 


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<div class="pull-right"><center><img src="https://s3.us-east-2.amazonaws.com/whaleshares/samest/b22516334dc99a52fd179b41563537a6634ddc8e.png"><br><br><a href="https://wallet.bitshares.org/"> <sub>https://yensesa.com</sub></a></center></div>


![](https://s3.us-east-2.amazonaws.com/whaleshares/samest/18b40c7b0205b5ec1c8fd81e98ef1e304c450f41.png)

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@wafrica ·
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