Jupiter Chain, a blockchain specialist firm, has partnered with Deloitte in an effort to implement a blockchain-based data exchange in Southeast Asia, according to a press release, September 18.
Protecting Your Personal Information
Designed to alter the way data is handled, shared, and monetized, Jupiter Chain’s newly developed platform will give way to more secure exchanges, promising to protect the privacy of the an individual’s personal information. The Singapore-based firm asserts that data owners will then have greater control over their data, acquire better access to tailored services and get rewarded directly for their data contributions.
The strategic collaboration aims to monetize data in a “fully transparent” way by connecting with businesses on the blockchain. The partnership will also reportedly leverage the toughness of Jupiter Chain’s blockchain solutions along with the breadth and depth of Deloitte’s technology and regulatory risk management services created to improve business capabilities in the areas of technology, risk, governance, compliance and regulation.
Jupiter Chain CEO Daphne Ng said:
“We look forward to work with a globally renowned and respected brand such as Deloitte to elevate our platform solution. I strongly believe that this strategic relationship will fuel the development of not only Jupiter Chain but the adoption of blockchain technology on a wider scale,”
Both companies has also worked together on a research and technical collaboration component that targets to make Deloitte one of the validating nodes of Jupiter Chain’s network, making it the first of its kind.
Deloitte Backs Up Jupiter Chain
On the technical front, Deloitte will be reviewing Jupiter Chain’s blockchain architecture, design, and processes. It will also advise on important regulations like data laws and potential GDPR that should be considered for the data exchange model.
Eden Spivakovsky, Deloitte Singapore Risk Advisory Director, who leads this relationship for Deloitte in Southeast Asia stated that they view blockchain as “an important enabler with potential to exponentially change the way markets operate.”
“We are excited to team with Jupiter Chain and together build blockchain capabilities and deliver quality solutions to clients in Southeast Asia. Our combined expertise will allow us to drive innovation through the use of blockchain technologies and solve complex business problems for companies in the region.”
Last August 28, Deloitte revealed that the growing interest on blockchain made about 40 percent of executives in the telecom, media, and technology (TMT) industry want to invest in blockchain research.
Deloitte also reported that 70 percent of 1,053 senior executives from 10 different countries claim to be experts when it comes to blockchain. The 2018 Global Blockchain Survey also discovered how these industry professionals see the blockchain technology and where it’s headed.
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