LedgerDomain Insider: Decision 2020 & Privacy

Politicians come and go, but in the digital world, privacy is an enduring value. The California voters have now spoken and approved CalPrivacy 2.0 by a substantial margin, and today’s news about Zoom reinforces the need for everyone to hold their own keys. With privacy becoming the New Third Rail of American politics, we feel validated in our decision to invest heavily in developing a blockchain platform that not only performs, but delivers on GDPR, HIPAA, and CalPrivacy promises.

CalPrivacy 2.0

Proposition 24, the California Privacy Rights Act (CPRA), ushers in greater privacy protections for one in eight Americans on par with the EU’s GDPR.

What does “CalPrivacy 2.0” mean for blockchain? The need for a secure and encrypted distributed ledger has never been greater, while traditional enterprise “deathstar” systems (comprised of e-mail, APIs and relational databases) fail the security litmus test, making data sharing between organizations a nightmare. One shot from a rebel in just the right place, and the whole system gets blown up.

Remember when you were in school and the janitor had that huge keyring? He was able to unlock anything. That’s the deathstar model at work — if the sysadmin can access it, other people can too. In this new world of health data, no one should have that level of access. If a data breach spills your personal heath data onto the dark web, there’s no UNDO button.

eXtended Authorized Trading Partner (XATP) Pilot

Back in July, we joined our fellow FDA pilot participants in a round-robin,the results of which will be covered publicly on December 8th. We demonstrated a blockchain solution that could run at high security, high speeds, and high fidelity, but that begged the question: how do community members authenticate themselves and each other as “Authorized Trading Partners”?

To address this final puzzle piece, we’ve joined forces with several of the FDA pilot participants and key stakeholders in the manufacturer and dispenser communities on an exciting new pilot. We’re not ready to share anything yet, but if you’re a pharmacist that wants to be part of the solution, please email us at info@xatp.org.

We discussed these and other challenges yesterday on the Health Unchained Podcast. Tomorrow, we’ll pick up the thread as part of a panel at CONV2X led by former HHS CIO Jose Arrieta, the leading blockchain visionary in the Federal domain. (Registration is free and we hope to see you there.)

Stay in touch and stay well, for everyone at LedgerDomain,

Ben Taylor, CEO
LedgerDomain