Privacy is not benefit tradeoff based on blockchain?
Reviewing and compile blockchain industry topic, updating market references and research environment.
Today, we are picking up personally and private saving data protection against current data dominances.
CCPA, California Consumer Privacy Act is requiring the companies, operating inside or outside of the U.S. that process the personal data of California city dwellers and receive a minimum of $25 million annually will have to comply.
It resembles the moving with GDPR in Europe, even less strict in comparison to them, becoming more privacy oriented running regulation in consequences for data using business.

Although, technology drives the economic impact within not only startup ecosystems, but also real businesses, growing the concerns with cybersecurity issues. Data privacy remains at the center of the sector’s worries, with 87 percent of tech CFOs expressing a high or moderate concern about the issue. It also ranked third in the list of companies’ biggest business priorities this year, after scaling the business (37 percent) and product or service innovation (34 percent), according to the 100 U.S. tech CFOs surveyed in BDO’s 2019 Technology Outlook Survey.
Nebula Genomics uses the technology to log its DNA testing data. Last month, the firm launched an anonymous genetic testing service to give consumers peace of mind that identifying information is not shared.
The solution uses an MPC-based ‘collective encryption key’ which means that data is protected unless all nodes have their keys stolen. A researcher can make a query to discover if relevant information is available without seeing it, thanks to homomorphic encryption.
Accenture, looking to use blockchain technology for multi parties data compatible operations. Traditional trust architectures are incapable of solving unique problem of data sharing because they do not protect companies against the extended consequences it presents; the risk gap remains too large when considering sensitive data.
The consulting giant is strongly expecting with data protection, privacy primary focus, yet the nascent blockchain technology, extended use cases and implementations.
Data privacy and protection is the factor to drive new technical solution penetrations.
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