Privacy and Security of Web 3.0: Interview with Dr. Kurt Nielsen of Partisia Blockchain – Korea IT Times


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The unprecedented COVID-19 outbreak has resulted in expanding the cyber domain in our daily lives and in all industries. In this situation, the lack of confidentiality and privacy across the web is creating increasingly serious problems. In response to this situation, it has become required, not optional, for most organizations to build a private and secure computing infrastructure.

Today Korea IT Times sat down with Dr. Kurt Nielsen, President of Partisia Blockchain discussed ways to build a private and secure computing infrastructure and the future of Web 3.0, which can revolutionize security and privacy and how to manage cryptography in network security that has become a part of our daily lives.

Kurt Nielsen 

Q: Why, in your view, has built a private and secure computing infrastructure never been more important?

Building a private and secure computing infrastructure has never been more important as the lack of confidentiality and privacy across the web has become increasingly pertinent. Every day we see new data breaches, whether it's Facebook releasing the sensitive personal information of millions of users, or Zoom violating users’ privacy rights. The ongoing developments of blockchain technology represent a large collective effort to provide a more secure platform for the internet economy. While existing blockchains have provided significant advancements in the realm of data security, they still present a lack of privacy. The implementation of Multi-Party Computation (MPC) technology in combination with blockchain can help to alleviate these concerns by allowing for large pools of data to stay encrypted while permitting information to be extracted from those data pools. This is why Partisia Blockchain is creating a more secure, private infrastructure that combines MPC technology with blockchain to utilize the best of both worlds. 

Q: How will privacy and security shape the future of Web3.0?

Recent data found that breaches exposed 36 billion records in the first half of 2020 alone. Indeed, hacking, data breaches and identity theft happen on a daily basis. Although the internet has brought with it many benefits, the increased exchange of data across the web has opened up users to greater risks. Web 3.0 will see the seamless integration of the physical world and the digital world, meaning we will become ever more reliant on the internet to conduct our daily lives. As we enter this next stage, it is essential that privacy and security remain at the forefront of our concerns. 

Web 3.0 can provide a more neutral platform that empowers individuals over the companies, putting their privacy and security first. However, without true privacy, blockchain’s potential to disrupt the use of intermediaries and third parties is limited. MPC solves for confidentiality through a network of computation nodes that compute directly on encrypted data with zero knowledge about the data. The merging of these two technologies has the potential to truly revolutionize security and privacy in Web 3.0. 

Q: What role does cryptography play in everyday life and why do we need it?

Whether we realize it or not, cryptography is a part of our day-to-day lives. From online purchases to withdrawing cash, cryptography is everywhere. In simple terms, it is a tool that plays an essential role in network security by authenticating people and devices, and assuring that the integrity of the data is accurate. It also combines a number of techniques for disguising data, ensuring that it is kept confidential. In essence, it is a computing technique that protects information and communications through the use of codes, so that only those for whom the information it intended can read and process it. 

MPC is a form of cryptography, which, unlike blockchain, solves for confidentiality through a network of computation nodes that compute directly on encrypted data with zero knowledge about the data. In a world where privacy is of increasing importance due to the high instance of high-profile data leaks, the benefits of MPC in combination with blockchain are endless. 

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