wordpress blog stats
Connect with us

Hi, what are you looking for?

#NAMAPrivacy: Blockchains and the role of differential privacy

Note: #NAMAprivacy Bangalore is next week. Apply to attend here. In a system like blockchains, where all the parties involved are know all the information for a transaction, is it even possible to have privacy? If so, what kind of data should be left out of the system? #NAMAprivacy participants discussed the implications of such a system. We all know that blockchain is the underlying technology for cryptocurrencies and bitcoins. It’s a distributed ledger where everyone in the system who has access to the blockchain knows exactly what is happening on each other's ends. But first, it is important to distinguish a distributed database and a decentralized ledger system. Ananth Padmanabhan, a fellow from the Carnegie Endowment for International Peace  (CEIP), explained that a distributed database could very well be where there is a central authority which holds the data and multiple copies of that data is there for others to view it. "A classic example of that could be a central government database – say with the taxman, the RBI and others in a governance framework. But that really is not blockchain," Padmanabhan said. "In a situation where different actors do not trust each other, what you do normally is that you would set up an intermediary that you all trust. The classic example being currency; 'I don’t know if the currency you have given me has any value, therefore, the RBI authenticates or certifies that it has value.' That is the centralized intermediary concept. In the blockchain situation, you are creating…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Microsoft has partnered with Indian institute iCreate to select AI innovators under the iMPEL-AI programme. Under this, 100 startups from across the country will...

News

Back in June 2023, Reddit had changed its application programming interface (API) policy introducing a new premium access point to Reddit’s Data API for...

News

Given that Apple itself admits that no threat is currently posed by quantum computing, this move might seem like too much too soon, but...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ