'Privacy in Blockchain: Building A Surveillance Free World ' by BeldexCoin blockchaintechnology masternodes
The usage of the internet has grown tremendously. No one ever would have imagined it in the early ’80s or 90’s time. But within a very short period, the Internet has shown drastic growth. The use cases of the internet vary from person to person. Some use it for official purposes, while others for their personal use. The world runs on the Internet today.
We use the Internet for various kinds of applications in our day-to-day lives. Today’s applications in the Web 2.0 era require users to signup for an account using their personal information. Only when you provide this information, you’re granted access to the application. The few people who created these applications control them. They can access all our data and we trust them to do so.
essentially creating digital copies of us so they can analyze our interests and sell their products better. Data privacy is the most important thing in this digitized world. People should not pay for their privacy as the cost of using the Internet. What happens if our data ends in the hands of criminals or fraudulent individuals? Most of us don’t know if our personal information has beenor do not even care about its implications. Some people are lethargic and don’t think about what these corporations will do with their data. The sour truth is tasted only when it comes to fruition.
Blockchain-based apps do not collect any of your personal data to access your account. So you, the user, can truly stay private. Blockchain technology is not only used for building DApps but can be used for financial transactions too. But blockchains are inherently transparent. The details of the transactions are laid bare for everyone to see. The amount that was sent, and to whom it has been sent, will be recorded.
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