Blockchain technology for protecting data

Blockchain technology become more needed in data protection field. Fourteen European insurance providers have partnered with Stratumn and Deloitte, and launched a successful blockchain project test. It aims at creating a simple insurance and consumer credit system that takes into account the requirements of the European Union, General Data Protection Regulation (GDPR). It will also conduct processing of these consumers in accordance with the norms of the European Union's General Data Protection Regulations. Co-owner and CEO Stratumn, Richard Caetano said: "We are convinced that this technology, combined with innovative methods of cryptography, will help simplify the work processes in the interests of all parties involved."

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