Amber Baldet on her thought on Monday said that Blockchain
"maximalism" will not solve internet privacy concerns.
Amber Baldet the former JPMorgan blockchain lead made
the comments during a talk on the "Internet of Value" and delivered
to MIT Technology Review's Business of Blockchain conference.
"The maximalism that we have to do everything in a
decentralized way is a bit of a fallacy," she said, going on to explain:
"If you want private, secure communications,
[you should] almost never use a blockchain. You want something that is
ephemeral, not immutable."
Baldet instead suggested that hybrid disclosing networks could
offer a better solution. Likewise, she claimed that the blockchain is not a
privacy solution, but rather "fundamentally an information
security product."
Her speech highlighted the wide
variety of blockchain and distributed ledger technologies and emphasized that
there is no single correct approach among the various versions. She also
commented that "given the trade-off between privacy and convenience,
people have always chosen convenience."
Baldet, who oversaw the
development of JPMorgan's permissioned blockchain, Quorum, left the Wall Street bank earlier this month to start
her own venture. She has not yet revealed any further details on her plans.
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