Data security is on everyone’s minds, especially with the General Data Protection Regulation, which has been in effect since May 25th, 2018 as well as recent hacks of high profile companies such as Uber and Equifax. The increase in data from big data is forcing companies to rethink their vision of securing data. In fact, data protection is one of the main tasks of every company.
Ensuring data protection for its customers is one of the vehicles that promote trust today. The trust that drives the customer relationship and the customer experience. While they are the tools for data security. Many think of the cloud or private servers but can still think of the blockchain.
Although intended for crypto-currency exchanges, the blockchain has above all its will to restore confidence. This same trust that a customer must have with a company. The purpose of the blockchain can be divided into three sections:
- Sentiment Surrounding Data Security
- Data Transmission
- Commercial exchanges
With these three factors in mind, we must ask, does the blockchain effectively secure the data of an individual or a company?
How does the Hilynk hub help secure data
In order to explain Hilynk’s the blockchain’s data security, you have to understand how this technology works. As its name suggests, the blockchain is a chain composed of several blocks. These different blocks are the grouping of information on exchanges between two persons or entities.
This information contains all the exchanges that may have had what makes them transparent since they can not be modified. Once this information is processed, ultra-powerful servers validate or not the transfer of data.
We can see through this infographic the path that a transaction or data makes. So there is a validation network for each step. Each of these steps are cryptographically secured which allows the securing of data and transactions. This demonstrates the security aspects inherent in this solution. Moreover, as the blockchain is a collaborative technology, each user validates or not the blocks.
Therefore the blockchain is a technology for securing data. Transferring files or sharing them will help build a relationship of trust between you and your customers. Hilynk adds an added layer of data security whilst providing corporates/individuals exclusive offers to earn rewards and gain equal benefits.
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