Conversations around controversies surrounding Web3 Privacy are especially important. Let's understand the right roles and the right regulation when it comes to Web3 Privacy 👇
Privacy can exist on a spectrum. When it comes to this hot topic, it’s easy to think in absolute terms. But the unfortunate truth is that this is rarely a binary, even in real life.
These disclosures happen because that personal information is necessary to the other party and we expect to receive a service or good in return. For example, a company might need your financial information to process a payment or your identity in order to comply with KYC or AML. But now we’re at a place where we can digitally emulate real life when it comes to privacy. Web3’s infrastructure puts users back in a position where they can access company services while their information stays with them and not in a remote server. Zero-knowledge proofs even lets them prove claims without revealing any information at all.All of this leaves us with the question of who gets to choose what.
Still, there are certainly new lines to be drawn. But they should be in line with the right understanding of web3 technology. In terms of regulatory approach, the outlook on how to regulate the roles of individuals, businesses, and governments should be one of guaranteeing this “negotiability” of privacy.We should examine new developments around privacy in web3 and Arkham Intelligence’s dox-to-earn business model under this light.
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