Blockchain is the answer to 2019 EU payment authentication rules

Consumers who have become used to the convenience of contactless payments throughout their daily lives might be in for a shock next year. That’s because of a clause in the EU’s Second Payment Services Directive (PSD2) which will be enforced from September 2019. In essence, the clause states that consumers will no longer be able to constantly make contactless payments without any other form of security check or identity verification. In fact, the most likely scenario is that they will...

Cambridge Analytica: Using blockchain to prevent data breaches

Cambridge Analytica, blockchain and data breaches

The old adage stands: if you’re not paying for it, you are the product. By now, we’ve all heard the news of the Cambridge Analytica under-the-radar data mining efforts, resulting in the harvesting of over 50 million Facebook users’ accounts. This is exactly the sort of abuse of social media many have feared all along. For a growing number of people, it’s the use of personal information for microtargeting by political campaigns that breaks the camel’s back on this issue. ...