Safeguarding the Unseen: a Study on Data Privacy in DeFi Protocols

doi:10.55092/blockchain20230009

UM > Faculty of Science and Technology > DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE

Residential College	false
Status	已發表Published
	Safeguarding the Unseen: a Study on Data Privacy in DeFi Protocols
	Zhuangtong Huang; Jiawei Zhu; Zhongyu Huang; Yixin Xu; Jerome Yen; WANG YE
	2023-11
Source Publication	Blockchain
ISSN	2959-1260
Volume	1 Issue:2
Abstract	The financial sector’s adoption of technology-driven data analysis has enhanced operational efficiency and revenue generation by leveraging personal sensitive data. However, the inherent characteristics of blockchain hinder decentralized finance (DeFi) from accessing necessary sensitive user data. To address this challenge, we introduce a protocol that both safeguards user privacy and ensures data availability through the incorporation of homomorphic encryption and zero-knowledge-proof techniques in blockchain technology. This novel protocol helps mitigate privacy risks caused by sensitive data leaks while improving the capital efficiency of the DeFi market. Furthermore, we explore the applicability of these privacy-preserving methods in on-chain ecosystems and cross-border financial applications. Our solution contributes to secure, user-centric solutions for DeFi while upholding principles of decentralization and privacy protection.
Keyword	Blockchain Decentralized Finance Data Privacy
DOI	10.55092/blockchain20230009
Fulltext Access	View Full-Text via DOI
Citation statistics
Document Type	Journal article
Collection	DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE
Recommended Citation GB/T 7714	Zhuangtong Huang,Jiawei Zhu,Zhongyu Huang,et al. Safeguarding the Unseen: a Study on Data Privacy in DeFi Protocols[J]. Blockchain, 2023, 1(2).
APA	Zhuangtong Huang., Jiawei Zhu., Zhongyu Huang., Yixin Xu., Jerome Yen., & WANG YE (2023). Safeguarding the Unseen: a Study on Data Privacy in DeFi Protocols. Blockchain, 1(2).
MLA	Zhuangtong Huang,et al."Safeguarding the Unseen: a Study on Data Privacy in DeFi Protocols".Blockchain 1.2(2023).

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