Can Blockchain Change Your Business?

Often Blockchain is associated with crypto and volatility but the real uses of blockchain are varied and powerful.

So, Blockchain offers what is essentially a permanent record of transactions, which creates an easy-to-follow paper trail for audits, both internal and governmental.

This guarantees accuracies and solves the problem of pulling in records from a number of disparate sources.

If you are in the legal, aviation, banking or IP sector where record of transactions is critical for your industry, you need to be using the power of blockchain to take your brand to the next level of growth.

Blockchain also has potential when it comes to quality assurance, especially when something goes wrong.

Since companies can link every facet of the supply chain, if there is the need for a recall or investigation into where something went wrong, blockchain offers a definitive, contiguous ledger to immediately identify the problem.

This is why Blockchain is critical for quality assurance and you need to be using the full power of this potential in your business.

As the global data privacy regulatory landscape becomes stricter, engineering teams in the Blockchain space are looking to use structured data to improve their products and AI models are being pushed to jump through plenty of hoops to stay compliant.

BetterData is aiming to help customers quickly generate representative, synthetic structured data so that technical teams can work with data in a compliant way without waiting for months to gain clearance to use actual user data or generate their own.

The company’s product helps generate the AI data in a secure way that allows clients to upload real user data and securely transmit and convert it without a copy of the data landing on BetterData’s servers.

User data is tokenized and stored on a blockchain which is only accessible with a user’s private encryption keys.

This makes the data transfer even more secure and compliant at all levels.

(To know more about how Blockchain can impact your business, message me today or join our Group for ongoing Business Discussions.)

(With Hussein M. Dajani - CCXP and Brijesh Chedayan during Gitex)