PrivyCycle Exposes Ethereum’s Health App Privacy Gap—Why Decentralization Still Falls Short
Your fitness tracker knows your heart rate. Your blockchain doesn’t care.
PrivyCycle’s latest audit reveals Ethereum’s dirty little secret: health apps still leak data like a sieve. Despite years of 'decentralized solutions,' sensitive biometrics end up on-chain—visible, permanent, and ripe for exploitation.
The Privacy Mirage
Zero-knowledge proofs? Mostly theoretical. Permissioned sidechains? A Band-Aid on a bullet wound. PrivyCycle’s team found 68% of health dApps store at least partial user data in plaintext—because gas fees beat proper encryption.
Regulators Are Watching
HIPAA fines don’t disappear because you slapped 'Web3' on your pitch deck. The SEC’s new crypto health taskforce already subpoenaed three projects. 'Compliance costs will kill more startups than bear markets,' whispers one VC—while writing a check for HIPAA-as-a-service middleware.
The Cynic’s Take
Meanwhile, ETH whales keep buying JPEGs of monkeys. Priorities.