BDO USA and IntraEdge released a blockchain-based answer referred to as GDPR Edge, to aid the General Data Protection Regulation (GDPR). This solution is being supported by Intel and Microsoft.
GDPR data protection rules will practice to all of the organizations operating inside the EU, despite the fact that they do now not have any bodily presence inside the EU. Any agency that shops or strategies non-public data approximately European citizens within or outdoor EU states will need to comply with GDPR.
The GDPR will be effective from 25th May 2018, and the organizations who leave out compliance deadline will be fined up to €20 million or 4% of annual revenue. GDPR Edge is a ready-to-install answer which can help businesses to operationalize a few factors of compliance.
It has been particularly designed for businesses which have particularly complicated environments with the great quantity of facts sources, consumer contact points, and more than one point-of-sale systems.
The new solution will combine GDPR into the business tactics, mitigate the risks and streamline the compliance efforts on an ongoing basis. Organizations may be able to view all the transactional statistics at a centralized vicinity while offering external consent mechanism to consumers.
GDPR Edge will permit the end-users to review their personal information accumulated by means of the businesses. They will be able to alter the statistics or even ask for elimination.
“This centralized repository may be made to be had to records safety government, auditors and facts governance experts, as well as some other statistics collector or processor, meaning increased accountability, statistics transparency, accuracy, efficiency and auditability,” says Stephanie Giammarco, Partner and National Leader of BDO’s Technology and Business Transformation Services exercise.
It will run on Intel Software Guard Extensions (SGX), and may be integrated with Azure cloud and Microsoft Business Intelligence services. The Intel SGX is a structure extension which increases the safety of application code and data.
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Furthermore, the GDPR Edge leverages dispensed ledge technology of Hyperledger Sawtooth to enable relied on governing events, and provide consumer access and transparency. BDO has contributed its information governance, privateness and auditing competencies to the brand new solution.
Originally posted 2018-08-06 15:10:40.