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    ISO/TR 23244:2020

    ISO/TR 23244:2020

    ISO/TR 23244:2020 (EN) Blockchain and distributed ledger technologies — Privacy and personally identifiable information protection considerations

    ISO-TR-23244
    ISO/TR 23244

    In today’s digital age, data is constantly being collected and shared by companies and governments. This has led to concerns about the privacy and security of this information, which is why blockchain and distributed ledger technologies (DLTs) are so important.

    In this article on ISO/TR 23244:2020, we’ll take a look at some of the privacy issues that can arise when using blockchain and DLTs, as well as some ways to protect personally identifiable information (PII) using these technologies. We’ll also discuss how these technologies can be used to create tamper-proof records of transactions, making it easier to track financial flows and combat fraud.

    Why ISO/TR 23244:2020?

    There is a lot of hype around blockchain and distributed ledger technologies (DLT), with many people believing that they can revolutionize how we do business. However, there are also concerns that these technologies could have negative implications for privacy and personally identifiable information (PII). In this blog section, we will discuss some of the privacy and PII concerns that have been raised around blockchain and DLT, and review some of the solutions that are available to help protect user data according to ISO/TR 23244:2020

    What is Blockchain and distributed ledger technologies

    Blockchain is a distributed ledger technology that uses cryptography to secure the transactions and to prevent tampering. Each block in a blockchain is built on a transaction that occurred previously. Bitcoin, the first and most well-known blockchain, was created in 2009.

    Blockchain technology can be used for a variety of purposes, including tracking the movement of assets, managing contracts, and recording votes. It has the potential to improve transparency and accountability in many industries. However, concerns over privacy and Personally Identifiable Information (PII) protection have arisen with blockchain technology.

    Blockchain technology relies on cryptography to protect data from attackers. Whenever a new block is added to the chain, each node must verify the block’s contents before adding it to its own copy of the blockchain. This process requires solving a cryptographic puzzle. If an attacker were able to solve this puzzle, they could access the information contained in the new block without verifying it.

    However, because cryptographic puzzles are difficult to solve without knowing the correct information, an attacker would need access to a significant amount of data in order to successfully attack a blockchain system. Furthermore, nodes are not required to store all of the data in a blockchain system; they only

    what is the benifits of ISO/TR 23244:2020?

    Blockchain technology and distributed ledger technologies have a number of potential benefits for businesses and individuals. Some of these include improved security, transparency, and efficiency. However, before these technologies can be implemented, it is important to understand their privacy and personally identifiable information protection implications. Here are some key points to keep in mind for implementing ISO/TR 23244:2020:

    – Privacy: When using blockchain or distributed ledger technologies, individuals will have more control over their personal data. This is because the data is stored on a secure platform that is not controlled by any one entity. In addition, blockchain technology allows for tamper-proofing of data records, which protects against accidental or unauthorized alteration.

    – IDentity theft: One of the main concerns with blockchain technology is the potential for identity theft. As data is stored on a decentralized platform, it is difficult for thieves to steal identities or financial information. Additionally, blockchain technology allows for anonymous transactions, which makes it difficult for criminals to track down individuals’ personal information.

    – Data sharing: Another concern with blockchain and distributed ledger technologies is their potential for data sharing. Because these technologies are decentralized, businesses and individuals may have to share sensitive data in order to use these platforms. In addition

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