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Company profile: Decred aims to deliver decentralized future

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Company profile: Decred aims to deliver decentralized future Sept. 9, 2019  | by  Bradley Cooper Image via iStock.com This is part of a new series profiling blockchain startups. Blockchain began as a tool for Bitcoin to deliver a decentralized future for the financial industry. Since then, Bitcoin has largely turned into a speculative investment and blockchain is increasingly being adopted by large financial institutions looking to boost efficiency. However, some companies are till aiming to keep Bitcoin — and by extension blockchain's original vision — by delivering solutions that create decentralized tools of governance for companies, people groups and governments. Blockchain Tech News spoke with Jake Yocom-Piatt, project lead at Decred to learn about his company and how it aiming to deliver a decentralized future. Q.  What's the background of Decred? A.  Decred was created by a group of former Bitcoin developers with two anonymous co-foun...
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The challenges of applying data privacy regime to blockchain

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The challenges of applying data privacy regime to blockchain Sept. 23, 2019 Image via iStock.com This is part three of a series analyzing privacy laws and blockchain. Click here for part one and here for part two. Regulators are still considering how blockchain implementations can comply with data privacy laws. One of the first to address this issue in a material way is the French data protection authority Commission Nationale Informatique & Liberté. We will discuss the CNIL's recommendations and views on a number of compliance issues below. Determining who is the controller and who is the processor One of the biggest challenges for privacy regulators is determining who is the controller in the case of blockchain and distributed ledgers. In these cases, there is typically no one person or entity that fits the definition and can readily exercise the obligations of a controller since many persons or entity may contribute and/or control the personal d...
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3 blockchain misconceptions and why they hold the tech back

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3 blockchain misconceptions and why they hold the tech back Sept. 30, 2019  | by  Photo via iStock.com. Everyone from news anchors to CEOs are talking about blockchain regularly, but many still hold problematic misconceptions about the technology. These misconceptions are in many ways holding the technology back and preventing smaller parties from jumping in. Some of these include: It's all about Bitcoin While not a lot of people know about blockchain, Bitcoin has become a household name. I've heard people from age 18 to 80 talking about wishing they had invested in the virtual currency during its huge value spike in late 2017. However, by making it all about Bitcoin, we can really miss the power that blockchain has to offer. Also, due to Bitcoin's seedier past, many are turned off by crypto technology completely, because they think it's that "weird, techy thing that criminals use." It's all about banking Many of the top banks and fina...
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