Decentralized
Decentralized Solutions for Privacy and Security in Web3
Friday. January 3 at 8:00 PM
1 min. readDavid Holtzman, the chief strategy officer of Naoris, highlighted the risks of centralized systems in an interview with Cointelegraph. He emphasized the importance of decentralized identity solutions and data ownership in Web3 by 2025. Edison Chen, CEO of CUDIS, also stressed the significance of selective disclosure through decentralized identity solutions to empower users to control and monetize their data. Chen emphasized the need for privacy, especially in healthcare, where AI advancements pose threats to confidentiality. Holtzman further warned about the vulnerabilities of centralized data repositories and the risks posed by AI and quantum computers. He suggested that decentralized blockchain technologies and quantum-resistant cryptography could mitigate these threats. Tether CEO Paolo Ardoino proposed localizing AI models on devices to enhance user privacy and security. These decentralized solutions aim to safeguard sensitive information and protect against potential breaches in the future.