Blockchain technology is ready to assume the lead in general data privacy assurance in the domain of different sectors. Along with its decentralized character and security, it is the best solution to many privacy challenges that businesses and individuals face today. As more and more organizations are exploring and adopting blockchain-based solutions, it is not long before we will see a major change in the way data is managed, protected, and shared.
Nevertheless, the process of adoption of blockchain technology for data privacy will involve the conquering of technical, legal, and regulatory hurdles. However, blockchain is still a vital technology, and to boost the effort, as well as the potential of the blockchain, NSB should join forces to use the blockchain in a better way.
