Data protection in the blockchain room
Data protection in the blockchain room
Manta, a blockchain layer to protect the privacy, set out to design a blockchain architecture that supports data protection that can be used over several chains and which protects the privacy of the user. Before the team started building, it initially carried out a survey of 400 people and teams in the blockchain area to determine whether this was actually necessary. The results of the survey were revealing and showed Manta that around 75 % of all respondents had concerns about data protection concerns to carry out blockchain transactions.
What is the perfect data protection system?
According to Manta "When we began to think about the architecture, the design and workflow of a perfect data protection system, our idea began to develop on a technical side from an overriding concern to an executable plan that can be implemented a fair, decentralized solution."
"As the next step we applied for a scholarship between the Web 3 Foundation. It was accepted and we started to work to build the project. Although we believed in our project and our ability to solve the data protection problem in the chain, we are very much from its growth and the entire support of the Community impressed. “ data protection may not sound particularly sexy, but it is certainly an area that gives cause for concern, since the blockchain area expands and grows and the amount of TVL that is enclosed in the various defi apps grows. astonishing things happen, and that was exactly the case with the latest deficon podium discussion, in which some of the leading architects of web3 and data protection projects discussed the future of data protection. Kenny, the founder of manta , a level to protect privacy that focuses on the privatization of parachain assets in the ecosystems of Polkadot and Kusama; Jakob from obscure Smart Contract platform to protect privacy; Kai from Railgun Allows existing intelligent contract chains; and carter wetzel from Style = "Font-Weight: 400;">, A non-profit foundation for privacy as a public good. everyone agreed that the industry was still in its infancy, but it is time to incorporate data protection into the core technologies. This discussion is the result of a successful fundraising round, in which Manta collected $ 5.5 million, whereby the funds directly help to improve data protection in the blockchain through the decentralized financial apps. The funds were collected from a collection of over 30 different donors, led by Coinfund and Parafi Capital. Other participants in the increase were Longhash Ventures, CMS Holdings, Divergence and Spartan Group. Other donors were people of crypto companies such as Digital Currency Group, Consensy and Bitcoin.com, which may indicate the value of a data protection layer like the Manta network. so do we, like Nakomoto, strive for a blockchain future with absolute anonymity? According to Kenny, there is a difference between privacy and anonymity, and with Kyc and AML they try to get rid of the anonymity. You cannot do things anonymously, but at the same time it is not without privacy, because even after AML KYC there can still be a level of privacy. can. “ If data protection is already important, what will happen in five years if the networks and apps are busy? According to Kenny, "I am glad that we are now dealing with the problem."
What happens when the experts come together to discuss data protection?
The importance of privacy, as shown by fundraising
end effect
Source: Crypto-news-flash.com
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