• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Decentralized Blockchain and Biometric Data: Solutions and Risks

user avatar

by Giorgi Kostiuk

9 months ago


The collection of biometric data in the tech industry introduces many risks for users and substantial costs for companies. Evin McMullen, co-founder of the decentralized identity project Privado ID, shared insights on how decentralized blockchain can alleviate these concerns.

Biometric Data Risks and Decentralized Solutions

McMullen pointed out that biometric data often passes through a complex web of service providers, increasing the risk of exposure to third parties. She suggests that data should be shared on a 'need-to-know' basis and remain on the device without connecting to the internet. McMullen recommended the use of zero-knowledge proofs to limit the exposure of biometric information and ensure user control over data access.

Cybersecurity Threats and the Cost to Companies

Handling biometric data is a costly venture for companies, including costs for cybersecurity and compliance with regulations like GDPR. The decentralized nature of blockchain technology minimizes central points of failure, prime targets for cyberattacks. McMullen noted it is economically beneficial for businesses to avoid storing biometric data due to complexities in handling deletion or amendment requests. Decentralized identity solutions offer more secure data handling, reducing such risks.

Need for Decentralized Blockchain Solutions

McMullen raised concerns about the potential misuse of centralized biometric databases in human rights violations, citing historical events where data was weaponized against ethnic minorities. This underscores the importance of decentralized blockchain not just as a technical solution but as a safeguard for human rights.

Implementing decentralized blockchain systems for managing biometric data can reduce risks and costs for companies while protecting human rights.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Fraudulent Deepfake Video Targets XRP Community

chest

A fraudulent video featuring Brad Garlinghouse misleads XRP users about a nonexistent reward program.

user avatarGiorgi Kostiuk

Overview of Altcoins: BlockDAG, SEI, Cardano, and Hedera Show Potential

chest

Altcoins BlockDAG, SEI, Cardano, and Hedera are showing significant growth. This article discusses their key features and current trends.

user avatarGiorgi Kostiuk

Charles Schwab Adds Bitcoin and Ethereum to Its Platform

chest

Charles Schwab, managing $10 trillion in assets, begins Bitcoin and Ethereum trading, signaling growing interest in cryptocurrencies.

user avatarGiorgi Kostiuk

21Shares Files for Two Crypto Index ETFs: Opportunities for Investors

chest

21Shares has filed for two crypto index ETFs tracking the top 10 cryptocurrencies, excluding Bitcoin.

user avatarGiorgi Kostiuk

21Shares Takes Steps Towards New Crypto ETFs: Filings for Products Tracking FTSE Indexes

chest

21Shares has filed for two regulated crypto ETFs, offering investors access to top assets. Learn about the significance of this initiative.

user avatarGiorgi Kostiuk

Genius Act: Trump Takes a Step Toward Regulatory Control Over Stablecoins

chest

President Trump has signed a new law impacting the stablecoin market, providing clearer regulations.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.