"Every few weeks, Americans get another letter in the mail that starts the same way: "We're writing to inform you that your personal data has been exposed." A retailer gets hacked. A hospital. A supermarket. A travel site. It never ends. Most of us feel like we've lost control over who has our information and how it's being used. But a new kind of privacy technology, one that lets companies confirm what they need to know without ever seeing your personal details, may finally offer"
"In an age defined by apps, AI, and digital payments, our data has become both currency and collateral damage. But we may finally be reaching a turning point. And the solution that's emerging didn't come from Silicon Valley or Washington; it came from an unexpected place: cryptography, the science of using math to secure information, and the foundation of blockchain technology."
Americans routinely receive breach notifications as retailers, hospitals, supermarkets, and travel sites are hacked, producing a pervasive sense of lost control over personal information. Personal data has become both currency for modern apps, AI, and digital payments and collateral damage from frequent breaches. Cryptography-based zero-knowledge proof technology enables entities to confirm necessary facts without accessing underlying personal details, offering privacy without surveillance. Major financial institutions are testing blockchain-based trading, settlement, and tokenization of assets, including treasuries, money-market funds, and tokenized stocks. Tokenization is moving beyond experiments, though one major barrier remains on public blockchains.
Read at Fast Company
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