Blockchain Technologies & Data Privacy Discussion
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For digital business models, data is the most crucial assetthis calls for increased awareness of appropriate privacy protection measures. The European Union General Data Protection Regulation is a consequence that followed the discussions and now forces organizations to ensure that their information ecosystems comply with the law. There is currently an emerging trend to apply blockchain technologies to business models that rely on data exchange because the technology promises to make a centralized data authority redundant. In this week’s research discussion, we are looking at an effort of some researchers in providing insights that will help decision-makers select a suitable blockchain configuration that complies with data privacy regulatory requirements. The research results can potentially be generalized to assess any other blockchain configuration. This research discussion will explore different aspects of blockchain technology by reading and analyzing paper 20 (page 299).
Please read the paper carefully and watch the video which discusses these issues. Then, address the following question and support your discussions with other academic resources:
- What is your overall evaluation of the morphological box as a ‘data privacy assessment tool’ for the blockchain configuration Hyperledger Sawtooth? Only 200 words!
- How promising the everyday use of blockchain technology is and will be? Only 200 words!
- Which one of the methods to achieve an acceptable level of protection of personal data is better, in your opinion, which could be auditable? Why? Only 100 words!
- PROFESSOR’S GUIDANCE FOR THIS WEEK’S RD:
The answers to the questions mentioned above require understanding of the paper in focus, in addition to watching the video included in this week’s resources.