Understanding blockchain on confidentiality

Every digitally connected technology comes with the cost of security challenges, and these challenges can be about privacy exposure, confidentiality breaches, identity theft, and much more. Blockchain technology is a computing technology that runs over a digital ecosystem and hence it becomes important to pay attention to its fundamental security challenges. Every size of business connected globally allocates an annual budget for cybersecurity so that they can keep their information and critical assets confidential. Let's understand the extent of confidentiality in the current blockchain model and its future roadmap.

Confidentiality in the existing model

As we already know, blockchain technology was introduced with Bitcoin. However, it was never made to be restrictive in nature, as anyone with client software can participate in the block generation process, or mining in the case of Bitcoin. Confidentiality with respect to the blockchain is simply...