Secure multiparty computation (MPC) is a holistic end-to-end data protection solution ideal for a data driven economy. In fact, the MPC system makes it possible to achieve two otherwise conflicting objectives:
- To ensure decentralized control and privacy to citizens and organisations
- To gain central value by combining and computing data across distributed data sources
Hereby, MPC allows the continued use of highly valuable, sensitive information by services that can benefit individual citizens, companies, and society as a whole. A third way that allows sensitive data to be used without violating fundamental rights to privacy or the “bargaining positions” of individuals and companies.
Here we show how MPC is aligned with data protection rules and strategies such as General Data Protection Regulation (GDPR) and EUs data strategy related to the use of Artificial Intelligence (AI). In particular, we focus on how the so-called PBC Platform that combines blockchain technologies and MPC and allow for any balance between transparency and privacy.