6A-
1. Regulatory opportunity
Perfect Online Privacy:
I found this article based on the article I reported about a debit card being stolen through an online phone call. The trend of online shopping, filing, banking, payments, etc. mean that many people store very sensitive information on their internet accounts, and with the right tools one can easily access this through a hack. Information from Technologyreview.com states that a perfect form of online privacy may exist. I believe this opportunity exists based on evidence regarding crypto coding. The tool is an emerging cryptographic protocol called a zero-knowledge proof. Though researchers have worked on it for decades, interest has exploded in the past year, thanks in part to the growing obsession with cryptocurrencies, most of which aren’t private. The prototypical customer would be many young people, who are leaning more toward the trend of doing most of their transactions online. Even many older people who are following this trend set by companies that consider it safer, easier, and more accessible to do many things online. This opportunity is relatively easy to exploit, due to the fact that the companies who use the cryptographic protocol could promote this new more reliable way of keeping personal information secure.
Identifying Opportunities in Economic & Regulatory Trends
1. Regulatory opportunity
Perfect Online Privacy:
I found this article based on the article I reported about a debit card being stolen through an online phone call. The trend of online shopping, filing, banking, payments, etc. mean that many people store very sensitive information on their internet accounts, and with the right tools one can easily access this through a hack. Information from Technologyreview.com states that a perfect form of online privacy may exist. I believe this opportunity exists based on evidence regarding crypto coding. The tool is an emerging cryptographic protocol called a zero-knowledge proof. Though researchers have worked on it for decades, interest has exploded in the past year, thanks in part to the growing obsession with cryptocurrencies, most of which aren’t private. The prototypical customer would be many young people, who are leaning more toward the trend of doing most of their transactions online. Even many older people who are following this trend set by companies that consider it safer, easier, and more accessible to do many things online. This opportunity is relatively easy to exploit, due to the fact that the companies who use the cryptographic protocol could promote this new more reliable way of keeping personal information secure.
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