Amber Baldet: Blockchain Alone Isn't A Privacy Cure-All

Blockchain "Maximalism" will not solve internet privacy concerns, Amber Baldet said on Monday.

The former JPMorgan blockchain lead made the comments during a talk on the "Internet of Value" and delivered to MIT Technology Review's Business of Blockchain conference.

If you want private, secure communications, [you should] almost never use a blockchain.

She claimed that the blockchain is not a privacy solution, but rather "Fundamentally an information security product."

Her speech highlighted the wide variety of blockchain and distributed ledger technologies and emphasized that there is no single correct approach among the various versions.

Baldet, who oversaw the development of JPMorgan's permissioned blockchain, Quorum, left the Wall Street bank earlier this month to start her own venture.

Correction: The headline of this article has been updated to better reflect the intent of Amber Baldet's remarks.

Further, this report has been updated to correct the name of MIT Technology Review's Business of Blockchain event.

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