Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after a review of the technical documentation describing the Libra protocol and its planned ecosystem, I believe the company left out the foundational components of user security. Protection of the private key Proof of user consent Decentralized compliance Global privacy
It is our job as technical leaders to provide a vision and architecture for integrating real protections and evidence into the consumer experience; to deliver a new model for provable compliance that reduces cost and sets the stage for global automation. The “Internet of Money” must support a primary goal of ensuring all transactions on the Libra network are purposeful, intended and compliant. I envision a future where the quality of recorded intent for an online transaction is just as strong, if not stronger, than the quality of physical in-store purchases.