Sentences with phrase «centralized identity information»
Privacy is another problem that centralized identity information storage suffers from.
https://thenextweb.com/ Not exact matches
«These centralized databases are central points of failure for your identity,» Lingham said, noting that in the case of a hack — as occurred with Equifax — all that information gets compromised.
«The consortium of 40 + banks (known as R3cev) which aims to do just that will inevitably develop something which: is permissioned (for users and developers like the apple app store), privatized, has fees, will not be entirely transparent to everyone, will not be open - source, it will definitely be inflationary to accommodate monetary policy of debasement and fractional reserve schemes, it will facilitate negative interest rates, central control of accounts for suspension / freezing of funds, bail - ins, bail outs, capital controls and transactions will include the identity of both sender and receiver and store that information in a centralized location for the convenience of hackers.»
The U.S. government forces nearly every centralized exchange, on day one of operation, to collect personal identity information about their users and to correlate trading activity with those identities.