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Blockchain has been acknowledged as a way to solve fair information practices, a set of principles relating to privacy practices and concerns for users. [5] Blockchain transactions allow users to control their data through private and public keys, allowing them to own it. [5] Third-party intermediaries are not allowed to misuse and obtain data. [5]
The technical committee has working groups relating to blockchain terminology, reference architecture, security and privacy, identity, smart contracts, governance and interoperability for blockchain and DLT, as well as standards specific to industry sectors and generic government requirements.
A decentralised application (DApp, [1] dApp, [2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [3]
Examples of existing privacy enhancing technologies are: Communication anonymizers hiding a user's real online identity (email address, IP address, etc.) and replacing it with a non-traceable identity (disposable / one-time email address, random IP address of hosts participating in an anonymising network, pseudonym, etc.).
Secure multi-party computation (also known as secure computation, multi-party computation (MPC) or privacy-preserving computation) is a subfield of cryptography with the goal of creating methods for parties to jointly compute a function over their inputs while keeping those inputs private. [1]
A research paper from the University of South Australia suggests blockchain technology needs to be refined so it can better protect privacy and the EU's "right to be forgotten."
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Relationship between entities, identities and attributes / identifiers Decentralized identifiers (DIDs) [1] can be used to enable self-sovereign identities.. Self-sovereign identity (SSI) is an approach to digital identity that gives individuals control over the information they use to prove who they are to websites, services, and applications across the web.