Wemark Policy of Balance Between Privacy and Transparency
As we know, there are two main types of blockchains. There is the public ledger and the private ledger. For you to build your own blockchain, its costly and also, for the purpose of transparency when dealing with the public, the issue of private blockchain doesn’t just cut it.
When dealing with the public, they have to be aware of everything going on. That is the breakthrough the bitcoin blockchain brought about which has been built upon and development wherein today we have smart contract functionalities and the other breakthroughs such as interoperability etc.
Based on this knowledge that there has to be utmost transparency in dealings and also considering some information may not be able to be put out on the public blockchain. Such information as personal records, it amounts to violation of privacy to find your personal information in the public domain. Therefore, Wemark has adopted a privacy policy which is focused on two things.
Utmost Transparency: Here, Wemark knowing full well that public must demand accountability in financial dealings, has opted to build the Wemark platform on a public blockchain. The Ethereum blockchain.
This is enable everyone to access every data is needs to make good judgment and also to ensure that no false transaction occurs nor fraud in the system. Every movement of economic benefits can be easily monitored on the blockchain. Next is,
Utmost Privacy: Privacy is an important thing which no one jokes about. Understanding the privacy needs of people while considering how best to be transparent, Wemark has adopted a way of preserving the private information of persons by encrypting the information or data and only allowing those who holds rights to access the information to access it. Wemark does have at heart the well being of Content Creators.
More Resources Below
Telegram Community: https://t.me/wemark || Official Website: http://wemark.com/ || Ann Link: https://bitcointalk.org/index.php?topic=3347524.new#new
Nicely written article. Would definitely look into the project and read more
Great project, I will watch to see how this great will develop in the future. looking forward to the full adoption, Great project, great idea.
I like this project... I will check it out