“The 2010s was the decade of Big Data.
The 2020s will be the decade of privacy.”
Big Data has changed people, now people change big data.
- People are not Luddites. People love what online and the cloud can offer.
- Connected data is more than just convenience: health, genome-driven precision medicine, AI and autonomous systems, industrial internet, …
- But not at all costs:
- No one wants to feel exploited
- The threats are real. It is not just an annoyance. More than just money will be lost.
- Cloud services often mean “lock-in” for businesses – giving away your trade secret might just not work for all.
- And policy changes, too. GDPR is just the beginning.
A stack of technologies was just invented that finally does the trick:
- Homomorphic encryption and zero-knowledge proofs for privacy preserving computation
- Federated learning to train models decentralized for privacy preserving AI
- True peer-to-peer networks as data infrastructure without a single point of failure.
Technology is ready
- Researchers at Microsoft, Intel, IBM, and others have defined standards and opened homomorphic encryption for broad application.
- Zero-knowledge proofs have been working flawlessly in cryptocurrencies such as zCash and Monero for years
- Federated learning has been pushed to be ready by the AI and chatbot wave.
- The blockchain offers true secure and trustable peer-to-peer interactions without intermediation.