Privacy and Decentralized Finance

“If we step back for a second and identify the problem… it’s very weird if you think about it, because companies do whatever they can to attract more and more data, and users on the other side don’t really do anything to protect their data. It seems that the two sides of the same coin end up valuing something – the data – in a completely different way. ”

This week on P3, Luca Cosentino, DeFi Lead at The Oasis Network, explains how decentralized finance, often referred to as DeFi, can help address the growing concerns over how digital companies collect personal data.

According to Investopedia, decentralized finance is a concept where financial products are available on a public decentralized blockchain network making them open to anyone to use rather than going through a middleman like banks or brokerages. How can DeFi and the use of blockchain impact personal data collection and data privacy? Tune in to find out!

The episode is available now on Apple Podcasts, Spotify and everywhere you listen to your podcasts. Subscribe to the show to never miss an episode!

In this episode, you’ll learn:

– How blockchain technology offers a new vision for data privacy
– Current issues companies like Facebook & Google face with data collection
– How decentralized finance and data tokenization allow people to take control of their data

Show Links:

– Learn more about The Oasis Foundation
– Follow them on Twitter
– Follow them on LinkedIn

– P3 on Spotify
– P3 on Apple Podcasts

Learn about our solutions for data privacy and privacy compliance here.