Encryption

Blockchain technologies use Public and Private key to record the data in blocks securely and semi-anonymously.

As Data is kept on networks, its important data is secured by Encryption algorithms else it will hamper Data Privacy.

Advantages

1. Data privacy using Encryption ensures large organisations with data concerns can be part of networks.

2. Only the participants concerned will get to see transaction values.

Disadvantages

1. Multipoint for hackers to attack.

2. If Encryption algorithms are not strong enough, data privacy will be compromised badly