Decentralized and digital identification systems using blockchain technology can be key in the battle against the growing problem of identity theft, with a reliable ecosystem resulting in both personal and economic benefits, the chief technology officer of German cyber security provider DGC.org said.
The Flensburg-based organization supports the development of regulations supporting these ID systems can increase social and economic contribution, and consequently promote self sovereign identity, which are digital identities managed in a decentralized manner; data monetization, the process of processing data to obtain economic benefit; and the right to data portability, which allows people to obtain and reuse their personal data for their own purposes across various services.
"Your data is your most valuable thing, but it can also be used against you. Privacy is one of the most important topics we are dealing with. Anywhere where data is being stored, it can be stolen," Eva Gattnar said at the Fantom Developer Conference in Abu Dhabi on Wednesday.
Continue reading:
https://www.thenationalnews.com/business/technology/2021/10/28/blockchain-decentralised-systems-can-play-big-role-in-fighting-identity-theft/
The Flensburg-based organization supports the development of regulations supporting these ID systems can increase social and economic contribution, and consequently promote self sovereign identity, which are digital identities managed in a decentralized manner; data monetization, the process of processing data to obtain economic benefit; and the right to data portability, which allows people to obtain and reuse their personal data for their own purposes across various services.
"Your data is your most valuable thing, but it can also be used against you. Privacy is one of the most important topics we are dealing with. Anywhere where data is being stored, it can be stolen," Eva Gattnar said at the Fantom Developer Conference in Abu Dhabi on Wednesday.
Continue reading:
https://www.thenationalnews.com/business/technology/2021/10/28/blockchain-decentralised-systems-can-play-big-role-in-fighting-identity-theft/
