Part 11/15:
- Asset management and custody: enabling more secure and transparent record-keeping.
However, he was cautious, noting that not all blockchains are equal. Many face limitations, including security risks, privacy concerns, and governance issues. For instance, public, permissionless blockchains offer resilience and censorship resistance but pose privacy challenges and may not be suitable for all financial transactions.
Privacy, Security, and the Future of Data on Blockchains
Antonopoulos acknowledged that blockchain transparency introduces security and privacy dilemmas. For example:
- Private keys are central to security: Losing these could lead to catastrophic loss or theft.