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Facebook Data breach, sparks discussion on blockchain for social networks

26th March 20186th July 2018 BCTechreportbctech, bctech report, blockchain, blockchain advertising, blockchain data, blockchain data privacy, blockchain facebook data, blockchain regulations, blockchain social network, blockchain stock exchange, blockchain technology, blockchain technology news, blockchain value, Congress blockchain regulations, corporate blockchain, decentralized, distributed ledger technology, dlt, enterprise blockchain, facebook, facebook blockchain, facebook cambridge analytica, facebook data breach, investing, ledger technology, peer to peer network

Facebook’s data security breach has sparked discussions on a ‘permission-based’ decentralised blockchain for social networks. The recent data breach by Cambridge Analytica, a political consultancy that inappropriately obtained detailed information of over 50 million facebook profiles, has revealed how data can be exploited in the worst possible way.