How does Web3 address the issue of data privacy?
Answer:
Web3 addresses the issue of data privacy through decentralized systems and encryption protocols. In Web3, user data is stored on decentralized networks like blockchain, giving users more control over their data and reducing the risk of centralized data breaches. The use of encryption techniques ensures that data is secure and only accessible by authorized parties. Smart contracts and decentralized applications (dApps) on Web3 platforms enable users to interact directly without relying on intermediaries, further enhancing data privacy. Additionally, the concept of self-sovereign identity in Web3 allows users to manage their digital identities and choose what information to share, enhancing overall data privacy and security in the digital realm.