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Digital Anonymity in Decentralized Environment

In: The Convergence of Artificial Intelligence and Blockchain Technologies Challenges and Opportunities

Author

Listed:
  • Ashish Seth
  • Kirti Seth

Abstract

Privacy has become a huge point of contention in recent days with tech organizations, such as Google and Facebook, which make a great deal of revenue from monetizing user data, coming into conflict with regulatory bodies such as the European Data Protection Board. So, there may be two research questions that can be raised in terms of privacy and user experience. First, what are the tradeoffs when using efficient and integrated centralized systems in exchange for giving up vast amounts of personal information? Second, how does this apply to cryptocurrencies and blockchains? In blockchains, each person has a set of identities with which they interact with the blockchain. This means that a user’s privacy will be reduced if their virtual identities can be linked to their real one. Hence, one can increase their privacy through anonymity, masking their identity; can gain access to some service while minimizing how much information they reveal about their real identity.

Suggested Citation

  • Ashish Seth & Kirti Seth, 2022. "Digital Anonymity in Decentralized Environment," World Scientific Book Chapters, in: Sam Goundar & G Suseendran & R Anandan (ed.), The Convergence of Artificial Intelligence and Blockchain Technologies Challenges and Opportunities, chapter 15, pages 325-351, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811225079_0015
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    Keywords

    Convergence; Blockchains; Artificial; Intelligence; Big Data; Multi-Agent Systems; Internet of Things; 5G; Cloud Security; Mobile Computing; Social Media; Collaborative Governance; Swarm Robotics; e-Government; Supply Chain Management; Smart Contracts; Cryptocurrencies; Industry 4.0; Tamper-Proof Technology;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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