Web3 Executives Sound Alarm on Centralized Threats to Individual Privacy

According to David Holtzman, chief strategy officer of the Naoris decentralized security protocol and an experienced military intelligence specialist, centralized data systems are vulnerable. Holtzman clarified in an interview with Cointelegraph that “the whole problem with centralized systems is that there is a center.”

He emphasized how centralized systems’ one point of control makes them susceptible to misuse by governments and businesses. These weaknesses are made worse by emerging technologies like artificial intelligence (AI) and quantum computing, which seriously jeopardize vital industries like banking, healthcare, and even military intelligence.

To counter these challenges, Holtzman advocates for decentralizing AI through blockchain, which introduces human oversight. Additionally, quantum-resistant algorithms can safeguard sensitive information. Yet, he warns, institutional power remains a looming threat. “I think humanity is due for a bit of a shakeup because we’ve given too much power to institutions in the last 50 years,” he said.

Blockchain and Privacy as Solutions

Advancements in blockchain and privacy-preserving protocols are seen as vital to mitigating future threats. Holtzman’s views align with Avidan Abitbol, director of the Data Ownership Protocol, who stresses the importance of selective disclosure through zero-knowledge proofs. These proofs allow individuals to control their data while maintaining privacy on the blockchain.

In November 2024, decentralized AI developers at Onicai also voiced concerns about AI products from big tech companies. They emphasized that decentralized AI is essential to protect self-sovereignty and ensure AI tools serve individuals rather than corporate interests.

Evin McMullen, co-founder of Privado ID, added to these observations by highlighting the dangers of biometric data vulnerability via centralized third-party service providers. McMullen supports the selective release of biometric identifiers, making sure that only those who need to know may access critical information.

Decentralized systems provide a buffer against the disruptive potential of AI and quantum computing as they develop. Decentralized solutions create a more secure and just technical environment by empowering people and protecting their privacy.