According to Cointelegraph, David Holtzman, chief strategy officer of Naoris decentralized security protocol, said that centralized data systems are vulnerable to abuse by countries and companies due to their single point of control.
Holtzman noted that advances in artificial intelligence and quantum computing further threaten the security of centralized systems. Decentralized AI and quantum-resistant algorithms can mitigate these threats.
Data decentralization has become a key security issue, with quantum computers potentially able to undermine encryption standards for digital finance, banking and military intelligence.
Avidan Abitbol, project director of Data Ownership Protocol, said that institutions will not accept Web3 without privacy. Selective disclosure of zero-knowledge proofs is a solution to protect data.
Decentralized AI developers at Onicai believe that decentralized AI is essential for self-sovereignty to ensure that AI products serve individuals rather than large companies.
Evin McMullen, co-founder of Privado ID, stressed that selective disclosure of biometric data enables sensitive data to be controlled by the data owner only when needed.