Seamlessly integrating into any existing data infrastructure, ULedger’s new blockchain tool enables GDPR compliance quickly and cost effectively
ULedger, a leading blockchain solutions provider, today announced new tools that will allow any company to easily become GDPR (Global Data Protection Regulation) compliant ahead of the regulation going into effect on May 25, 2018. Plugging into a company’s existing data infrastructure, ULedger’sGDPR Compliance tool gives any organization an instant blockchain upgrade, ensuring that the new requirements around data control and data security are met.
Josh McIver, ULedger CEO said, “Many technology systems in their current form are not capable of meeting the regulatory requirements of GDPR, and as with other regulations, compliance can sometimes be ttime-consuming expensive, and confusing. Our GDPR tool is designed to leverage ULedger’s API in a way that provides companies with immediate GDPRcompliance, and allows them to realize the many benefits that come with blockchain technology such as security and transparency of data.”
ULedger’s Blockchain GDPR Compliance tools allows organizations to create and maintain a complete, immutable history of the company’s data, including email communications, photos, bank details, and any other data type pertaining to a person’s private, public or professional data. Its GDPR product also includes robust querying and reporting capabilities for compliance audits and proof, as well as breach notification, privacy by design, and data portability.
This new product follows ULedger’s recent initiative that will offer its services free of charge to all universities and non-profits that wish to adopt blockchain technology for greater data protection and security. ULedger additionally services a Big 4 accounting firm, the City of Boise, a global shipping company, a big data company, and many more entities across various verticals and use cases.
Global Banking & Finance Review
Why waste money on news and opinions when you can access them for free?
Take advantage of our newsletter subscription and stay informed on the go!
Banking2 days ago
Open banking: Shaping the future of FinTech and Finance
Top Stories2 days ago
France’s Eramet and Suez pick Dunkirk for EV battery recycling
Technology3 days ago
It is a certainty that new roles will be created as a result of AI – we just don’t know what they are yet
Technology2 days ago
Unravelling the potential of large language models