Coin Rivet spoke with Ontology’s head of ecosystem partnerships – Gloria Wu – who explained “the EU’s efforts to increase data privacy and protection through legislation such as GDPR and the European Commission’s recent endorsement of Digital Identity, position the region as a key hub for privacy and innovation, therefore making it a core focus for Ontology”.
“Europe is a global leader in tech, and Berlin sits at the forefront of the landscape, having received over $13 billion investment since 2016,” she said.
When talking about the blockchain, Wu believes there are “endless benefits”.
“Blockchain can solve key issues like trust in a network and, with it, an organization can become completely decentralized, meaning there is no need for a centralized authority, thus improving the system’s transparency,” she explained.
“Blockchain ensures advanced security compared to other platforms, meaning that data is encrypted and much harder to breach.
“This can be applied to everyday life in healthcare, in government legacy systems, and in digital finance.”
Wu added blockchain could also contribute significantly to protecting citizens’ personal information.
“As we have seen in recent years, there has been an influx of data breaches; user IDs and passwords are notoriously vulnerable to theft and hacking,” she said.
Continue reading: https://coinrivet.com/blockchain-has-endless-benefits-says-ontologys-gloria-wu/
“Europe is a global leader in tech, and Berlin sits at the forefront of the landscape, having received over $13 billion investment since 2016,” she said.
When talking about the blockchain, Wu believes there are “endless benefits”.
“Blockchain can solve key issues like trust in a network and, with it, an organization can become completely decentralized, meaning there is no need for a centralized authority, thus improving the system’s transparency,” she explained.
“Blockchain ensures advanced security compared to other platforms, meaning that data is encrypted and much harder to breach.
“This can be applied to everyday life in healthcare, in government legacy systems, and in digital finance.”
Wu added blockchain could also contribute significantly to protecting citizens’ personal information.
“As we have seen in recent years, there has been an influx of data breaches; user IDs and passwords are notoriously vulnerable to theft and hacking,” she said.
Continue reading: https://coinrivet.com/blockchain-has-endless-benefits-says-ontologys-gloria-wu/
