Day 3 + 4 Flashcards
Define blockchain
Blockchain is a transparent, decentral and secure way for recording and sharing data and information without the need to involve third party intermediaries
How does blockchain work?
- no need to store information with third parties
- the records are interlocked on many computers which hold identical information
- if one computer´s blockchain updates are breached, the system rejects it
- hackers need to hack over 50% of the computers in the blockchain to make their information “right”
Why should blockchain support identity and access management systems?
-it is difficult to ensure, that the properties of physical assets, individuals, resource use and other relevant events are stored securely
How can blockchain support identity and access management systems?
- for IoT devices a private blockchain can be used
- a permanent record of device configuration and state is made
- record can be used to verify that a device is genuine and the device hasn´t been tampered with
FIPs
Fair Information Principles
What are the FIPs?
an established set of principles for adressing privacy concerns on which moder privacy laws are based
Name 4 FIP principles
1) Transparency principle
2) Security provision
3) individual participation principle
4) Accountability princiiple
Name the challenge in a non-blockchain world for the transparency principle
-without knowledge or consent of a consumer, intermediaries, such as CSOs may use private information for purposes that the consumer does not expect or understand
Name the challenge in a non-blockchain world for the security provision
-failure to protect PII and unintended or inappropriate disclosure
Name the challenge in a non-blockchain world for the individual participation principle
- a large proportion of data comes from passive data collection
- most users are not aware and do not notice that data on them is being captured
Name the challenge in a non-blockchain world for the accountability (Rechenschaftspflicht) principle
-the lack of audit trail means that accountability cannot be assessed
How can blockchain address the challenges regarding the transparency principle?
-ther is no custodian or steward of user data, data is controlled with private and public keys
How can blockchain address the challenges regarding the security provision?
-owner chooses what information to release to whom and what to withold
How can blockchain address the challenges regarding the individual participation principle
-smart contract connects a consumer with all the concerned parties and ensures that the consumer can explicitly participate
How can blockchain address the challenges regarding the accountability principle
-blockchain ledgers includes an audit trail to ensure that accountability has not been neglected
What is secondary data?
- These are data gathered and recorded by someone else prior to and for a purpose other than the current project
- historical
- already assembled
- needs no access to subjects
Advantages of secondary data
- Inexpensive
- Obtained Rapidly
- Information is not otherwise Accessible
Disadvantages of secondary data
- Uncertain Accuracy
- Data Not Consistent with Needs
- Inappropriate Units of Measurement
- Time Period Inappropriate (Dated)