Problem - Sensitive Data Management
In blockchain architectures, managing sensitive data, particularly biometric information, is a complex challenge. The immutable nature of blockchains ensures data integrity and security against tampering. However, this permanence can conflict with privacy requirements and the dynamic nature of personal data governance, necessitating innovative solutions to balance security and flexibility.
Proposed Solution
The PoY AI Token system resolves this challenge by incorporating encrypted methods specifically for handling biometric data. It employs advanced encryption to protect this sensitive information while employing a privacy-enhanced system design that provides mechanisms for controlled chain updates to ensure compliance with evolving privacy laws and user consent. Thus, the PoY AI Token system effectively safeguards personal biometric data, guaranteeing user privacy without compromising the integrity and adaptability. In this system, only digested information is ever stored on the blockchain, which ensures that sensitive data remains confidential. Users retain control over their digital footprint with two privacy-preserving options: they can opt for anonymity, disconnecting their bio-code from any transactional visibility, or if transparency is not a concern, they can utilize the unique non-fungible nature of PoY AI Tokens to openly assert their transactional activities and asset ownership.