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09 July 2018

Blockchain in action: Enabling data protection, compliance and workforce growth

The 21st century is increasingly proving to be a time of disruption. Technological innovations are at the heart of this, and its pace is staggering, leaving people, companies and governments scrambling to keep up with the change. The revolutionary concept of big data and the explosion of smartphone technology have created threats to individuals, businesses and states alike. Personal and enterprise data is increasingly susceptible to breach and theft, as mass data breaches in large companies have shown in recent years. Due to this development, the way data is managed and stored must be reassessed to safeguard individuals, businesses and states against threats and to prevent similar mass breaches in the future. 

EY’s article argues that an approach implementing a blockchain-enabled data storage and management system is the way forward for companies seeking to combat new-age cyber threats, but also because it can comply with proliferating data protection laws, as well as attract the new generation of workers.

Document ID: 2018-5837

 
 

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