Security & Compliance
A blockchain is a series of blocks or transactions that records data with cryptographic hash functions and timestamps so that the data cannot be changed or tampered with. As data cannot be overwritten, data manipulation is extremely difficult thus securing data and eliminating centralized systems that cybercriminals often target.
However, securing data as it is loaded into your blockchain application technology or accessed by the application or users is another matter. Secure processes and procedures must be developed in order to turn your blockchain application into a complete solution that solves real world problems.
Regulatory compliance is another critical factor to be considered in the development of your blockchain application. The General Data Projection Regulation will become law in the US in May 2018 and bring with it specific security requirements and substantial fines for breaches of the Regulation.
Contact Welford for blockchain network security issues as we guarantee effective compliance with security of data and eliminating centralized systems that cybercriminals often target. We can help ensure your application meets the requirements of GDPR and avoid fines up to 4% o of global turnover or 20 million Euros.
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