Privacidad en Web3: Buenas Prácticas para cuidar la información

Web3 and the Privacy Challenge

Web3 is based on the possibility of interacting with users who wish to keep their identity anonymous. However, understanding the regulatory frameworks of the different countries in which your project might be based is essential, as they clash with this principle.

Blockchain and Privacy

Blockchain is known for its cryptography and immutability of information. Each transaction recorded on the blockchain is transparent and cannot be modified or altered, which guarantees the veracity of the data. However, this immutability may clash with regulatory frameworks that seek to protect personal data.

The Dilemma between Transparency and Privacy

The transparency inherent in blockchain technology often conflicts with user privacy. Users have a right to protection of the information they share, especially in Web3 projects.

Impact on Regulatory Frameworks

Web3 projects may face various regulatory frameworks that establish personal data protection methodologies. For example, a specific regulation could require how the protocol database containing users' personal information must be generated, guarded and safeguarded.

Case Study: Argentine Legislation

A concrete example is the Argentine legislation, which has its own personal data protection regulation under Law 25.326. This law guarantees the right of access to information, the possibility of data rectification and data deletion. However, blockchain technology does not allow the modification or deletion of data.

Adherence to Local Regulations

For Web3 projects based in Argentina, it is crucial to understand and comply with these regulations to ensure personal data protection. Despite the global capability of blockchain technology, regulatory frameworks are always local.

Best Practice Guidelines

User consent is essential, and transparency is mandatory. Therefore, jurisdiction-specific best practice guidelines need to be followed to build trust with users. These guidelines may include database protection, encryption of information, and the ability to rectify data, even if it cannot be modified on the blockchain.

Share your Knowledge

As an exercise, we invite you to share in the comments of this video the personal data protection legislation in your country and how you think it may influence the development of your Web3 project. Understanding and complying with these regulations is critical to success and sustainability in the Web3 world.