Regulatory landscape provides added incentive for enterprises to explore blockchain

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Regulatory landscape provides added incentive for enterprises to explore blockchain

The increasing emphasis on data privacy gained widespread attention last year with the enforcement deadline of the General Data Protection Regulation (GDPR). Regardless of your perspective on GDPR and its impact on enterprises, the need for organizations to provide more robust solutions to protecting customers’ data is only going to escalate as data sources continue to proliferate and the regulatory environment continues to evolve.

While many organizations remain in the early stages of determining if and how blockchain fits into their digital transformation plans, the role blockchain can play in driving toward improved data privacy in addressing regulatory requirements such as GDPR could serve as an additional factor in their considerations.

Blockchain is among the most disruptive of the high-profile technologies that are being used today to help enterprises transform, and it is certainly one of the technologies with the most intriguing outlook for enterprise security leaders. Blockchain brings a range of data integrity-enhancing capabilities that should be appealing to most information security professionals, such as the ability to manage the identify of users, leverage tokens to build trust among all parties and make it impossible for hackers to access a trove of information in a single repository due to the decentralizing recordkeeping.

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Regulatory landscape provides added incentive for enterprises to explore blockchain