people say you can’t put important encrypted data on chain …
people say you can’t put important encrypted data on chain because keys might be cracked later. They ignore ability to encode in 2D, split data composition across transactions to not be reassembled with only a transaction key.
Replies
The use case decision point is to share information or not share, to keep it private/secret. Nothing is different: If you give something out, you no longer control it
The idea that public blockchain is deficient in regard to data sharing is a non-starter
Especially where so many systems operate in cloud. You give external party encrypted file with a pre-shared secret. They open in a VM hosted in cloud, with the text is sitting physically operated by company Z. Company Z is watching every data access
people need to be told to get their head out of their rear about security perimeters - reasonable risks vs unreasonable risk, instead of nerdy self-indulgence in know-it-all competitions
Add- the value of information degrades exponentially with time. Much Proven research
If a data security professional is prioritizing or equal-foot worrying about 10-30 years over worrying about the next 5 minutes to next month, that’s foolish
The incumbent model is Cloud.
Corporations have already handed over their security to a centralized depot. In the cloud one hack a year inside a credentialed storage API exposes TB of data, mass violations to millions.
Is public blockchain deficient? no