Ethereum: Can you store personal information in blockchain?
When it comes to storing personal data, many assume that this is not possible due to the decentralized nature of blockchain technology. However, there are ways to safely resolve private personal data such as medical cardboard.
What is Blockchain?
Blockchain is a public book that records transactions on the computer network in a safe and transparent manner. Each block on the chain contains a record of all transactions within it, allowing the monitoring of what it has, when and where.
Can you store personal information in blockchain?
Technically, yes, but with some warnings. Blockchain technology can be used to store private data, but not without certain limitations and security measures.
One popular solution is to use solutions for storage based on private keys that allow users to encrypt their data using their own private keys. These private keys are then stored on blockchain, which allows access to encrypted data, while holding public information outside the chain.
Examples of safe solutions to store personal information:
- Medibloc : a company specializing in storage of medical documents and was built on Blockchain platform. They use a unique encryption method called “encryption based on hash” to protect user data.
- DOCUSIGN : A well-known e-mail solution uses a platform based on blockchain to store and manage sensitive documents such as medical data and financial data.
- Hashicorp Vault : A safe storage solution that allows users to encrypt their data using different encryption methods, including those built on top of Ethereum blockchain.
Why is it challenging to store personal information in blockchain?
There are several reasons why storage of private personal data in blockchain may be ticklish:
- Security : As mentioned earlier, Blockchain technology is decentralized and open to anyone who has access to the network.
- Consensus mechanisms
: blockchains require consensual mechanisms such as proof of work or evidence to check transactions, which can lead to security vulnerability if they are not applied properly.
- Data integrity : ensuring the integrity of data on blockchain requires complex cryptographic techniques to prevent unauthorized and unauthorized access.
Can you handle private personal data with Ethereum blockchain?
Yes, it is possible to store personal information in Ethereum blockchain using safe storage solutions such as Medibloc or Docusign. However, these solutions usually require additional infrastructure, such as dedicated servers and safety measures such as dual -factoric authentication.
In short, although there are ways to store private personal data in Blockchain, it is crucial to understand the limitations and security questions involved. With the right implementation and expertise, it is possible to create safe storage solutions that protect sensitive data, while providing its integrity and accessibility.
Conclusion
Saving personal data in blockchain requires careful consideration of safety, complexity and decentralization. Although potential solutions, such as Medibloc and Docusign, are available, it is crucial to weighing the benefits and disadvantages before implementing any solution. Always consult experts and thoroughly evaluate risks and benefits before storing sensitive data on blockchain or any other decentralized platform.
References
- “Ethereum 2.0: New Era for decentralized Finance” Coindesk
- “Medibloc: Safe storage of medical documentation on Ethereum”
- “DOCUSIGN: SOLUTION FOR EUTHOCIST BACKED ON BLOCKCHIN”
- “Hashicorp Treasury: Safe storage solutions on top of Ethereum blockchain”
I hope this article helps! Let me know if you have any additional questions or you need an additional clarification.