Identity theft can be reduced with blockchain from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Identity theft is a pervasive problem in today's digital world. With the increasing number of online transactions and the amount of personal information stored in databases, individuals are at risk of having their identities stolen. This can lead to financial loss, reputational damage, and emotional distress. Traditional methods of protecting identities, such as passwords and security questions, are no longer sufficient in the face of sophisticated cybercriminals. Blockchain technology offers a promising solution to the problem of identity theft. By creating a decentralized and immutable ledger of transactions, blockchain can provide a secure and transparent way to verify identities. Each user on the blockchain has a unique digital identity that is cryptographically secured and cannot be altered or tampered with. This means that individuals have more control over their personal information and can choose who they sh...
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