Jordan Fischer, assistant teaching professor of law, was quoted in a Central Penn Business Journal article, published on July 21, about potential data privacy risks with blockchains.
“[I]f I conduct a transaction with a cryptocurrency, it is always going to be there in a way that I can look back and validate the transaction. But the problem also is that you can’t change it,” said Fischer. “That means that, if I later have a privacy concern with that information, I do not have the capability to change or delete that transaction.”
Fischer then went on to discuss the overall benefits and risks that come with blockchains, which, she says, may prove valuable to many industries, beyond their use in cryptocurrencies.
“There is a lot to be understood with digital currencies and a lot of potential downfalls. But I personally think that a lot of good can come from blockchain, generally. I just don’t know if in the cryptocurrency space it is going to become the end all, be all,” said Fischer.