Securing Data Privacy in Blockchain Networks

Abstract

In this chapter, we tackle the significant obstacles linked to closing the information gap on blockchain technology adoption, promotion, and use between small and medium-sized enterprises (SMEs), businesses, organizations, government agencies, and the general public. We specifically concentrate on the two most important issues: data privacy and cybersecurity. Through an examination of data security management systems, regulatory frameworks, and legitimate encryption techniques, we put out a strong blockchain-based storage plan. This strategy promotes confidence and accountability across multiple industries by enabling safe digital transactions when paired with smart contracts. To improve openness and efficacy in data management, our study includes components including pseudonymity, transaction traceability and data leakage and privacy enhancing techniques.