SXSW 2019

Rebuilding Consumer Trust & Credit with Blockchain

The number of data breaches hit an all-time high in 2017, increasing by 45% from the previous year. The severity and frequency of attacks are leaving consumers more vulnerable than ever to identity theft. Even after the Equifax data breach in 2017, which exposed the credit records of 143 million people, no meaningful corrective measures or industry-wide precautions for safeguarding personal data have materialized.

The meet-up idea we propose would explore how blockchain technology is being used to create a foundational infrastructure for trust and for safeguarding consumer data. Blockchain and the applications being built on blockchain offer an opportunity to restore ownership and control of personal data to consumers, while creating a new world order of trust.