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RE: Personal Data - Code of Fair Information Practices

in #data7 years ago

I sure hope that blockchain will help those principles be held up. It would be awesome if they were hard coded into a blockchain or perhaps into rules for smart contracts.

I read something today about oracle. Here is shortened flavor: "It's something that has the ability to go out on the internet, collect a key piece of data, confirm that it is accurate, and then feed that information back. An oracle is critical to enabling smart contracts to be executed."

I think there are big underlying issues that over the next years there will be blockchain solutions companies that come out piece by piece and solve the issues until one day we have a solid technology that will enable some incredible things for data.

The CEO of Binance spoke at a conference in January and I watched a replay. He said one day there will be millions of blockchains for all kinds of uses. I'm so excited about what this technology is going to do for security, privacy and for creating endless opportunities for people.

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