A naukri.com initiative
Dev
4w
165
Image Credit: Dev
Learning Web3 From the Ground Up: Understanding Selective Disclosure
- Selective disclosure in Web3 allows individuals to share only necessary information, promoting a balance between privacy and transparency.
- It is a privacy-preserving technique aligned with the concept of rational privacy, ensuring data control and regulatory compliance.
- Benefits include enhanced privacy, data minimization, user empowerment, reduced data misuse risk, and lower operational overhead.
- Challenges of selective disclosure include complexity in implementation, verification difficulties, and interoperability issues.
- Use cases range from digital identity verification to healthcare and financial transactions, highlighting its versatility.
- Midnight Network utilizes selective disclosure through Compact smart contracts, enabling privacy and regulatory compliance.
- Selective disclosure empowers individuals to control data sharing, balancing privacy with necessary information disclosure.
- Practical applications include financial platforms, healthcare systems, access control, and digital identity verification.
- Midnight's approach to selective disclosure embodies rational privacy, allowing for controlled data visibility when necessary.
- Overall, selective disclosure offers a dynamic and effective privacy solution for Web3 applications.
Read Full Article
9 Likes
For uninterrupted reading, download the app