‘Utilise Blockchain platform to overcome privacy issues’

Source: The Hitavada      Date: 09 Apr 2018 11:04:59


 

Business Bureau,

With the growing use of technology there are concerns about privacy. Most people are using technology to book cabs, buy products, transfer money, make payments and on various social media sites like Facebook, Whatsapp, Twitter etc.


“To overcome privacy issues companies should utilise Blockchain technology which sends data in cryptography form which is not readable by humans or machines,” said Rizwan Ahmed, President of Technology Delaplex while speaking on the topic ‘Artificial Intelligence, Blockchain and Bitcoin’ at the flagship TiEcon event organised by TiE Nagpur Chapter at Persistent Systems Limited, IT Park, Parsodi here in the city on Sunday. Ahmed said that Blockchain keeps track of transactions and treats debit or credit as a single transaction. “Start-ups should build their systems by utilising Blockchain technology. It is peer to peer network transaction without linking banks,” he pointed out.


He said that analyzing massive amounts of data, creating reports will be complex process. It will be impossible for humans to work on such massive data. It will require technology to make meaning of data. AI, IoT, IR are also changing the ways things will be done. This is where start-ups can innovate new disruptive technologies and create new markets and services.