Chatsworth client and chief executive of enterprise technology firm R3, David E. Rutter, tells Financial News why a decentralised ledger is the key to self-sovereignty over personal data and the answer to digitising the public sector.
With high profile data breaches still fresh in the minds of the public and confidence in the government at an all-time low, it is unsurprising and not unreasonable that many people have little faith in their data being held by governments.
But, with the government on a quest to digitise the public sector and a potential increase in its guardianship over our data going hand in hand with that digitisation, how can the public sector go digital without governments wielding immense control over our data?
The answer is through a purpose-built enterprise blockchain platform that can tackle this challenge, David writes.
Through such a platform, data can be revealed only to those who have a need – and a right – to know. If deployed by governments, this technology could transform the way that individuals own and control their digital identity.
Chatsworth was the first communications agency to focus on fintech. We’ve been building fintech reputations for 20 years, steering start-ups through launch, growth and onto corporate action, and protecting and enhancing established infrastructures.
Looking for intelligent, informed and connected fintech PR which delivers results and value?
Get in touch and let us help build your reputation and tell your story