Blockchain Application in Information Ecosystems : The Right to Privacy in Cyberspace

This chapter explores whether blockchain technology and its core operational principles – such as decentralisation, transparency, equality and accountability – could play a role in enhancing the protection of human rights in the application of financial information retrieval ecosystems. In this chapter, the legal analysis of such an application focuses on data protection, specifically privacy. Thus, it first discusses how blockchain technology application plays a vital role in realising and challenging data protection. In essence, the chapter seeks to establish how such technological enhancement will securely facilitate governmental and business operations in dealing with data/information from a human rights perspective.