Blockchain technology to play a key role in advancing data privacy

ALANKAR SAXENA
CO-FOUNDER & CTO, MUDREX

“Organizations need a proactive approach to cybersecurity education. Regular training, phishing simulations, and gamified learning can improve awareness. Clear policies on password security and multi- factor authentication should be reinforced. A security-first culture led by leadership ensures employees take responsibility for data protection. AI-driven threat detection tools can also help by spotting suspicious activities early, reducing reliance on human vigilance.

STRIKING A BALANCE BETWEEN DATA PRIVACY AND DATA COLLECTION

Companies must approach by implementing anonymization, differential privacy, and data minimization. Clear communication about what’s collected and why builds trust. Opt-in features give users control while still allowing valuable insights. Decentralized storage adds security. The key is ethical, consent-driven data practices that improve services without compromising privacy.

A MOVE TO STRENGTHEN COMPLIANCE FRAMEWORKS

Governments across the globe will continue tightening data privacy regulations, compelling businesses to strengthen compliance frameworks to mitigate risks of fines and reputational harm. Companies that prioritize data privacy will stand out, as consumers increasingly seek privacy-focused services. Furthermore, Blockchain technology is set to play a key role in advancing data privacy, leveraging its decentralized and secure architecture.”