Shivom and the Blockchain Integration

bitcoinfilter (54)in #blockchain • 6 years ago

Blockchain has indeed changed the way businesses of different industries and focuses areas operate. It digitizes the way these players play. The main benefit that this technology offers to businesses is that it allows them to smoothly manage their data transaction and storage at ease. This main capability of blockchain has opened so many new opportunities for businesses of different ventures, as it does not limit its use only to certain industries.

As we speak, the blockchain technology has even spread its wings into the genomics and healthcare industry. The entrance of the technology into this scene has actually been many, as the technology brings a feature that becomes the very core of this industry; data management.

A much better management indeed, if it is being handled professionally and in a correct manner of course. However, while it is quite hard to determine whether the technology is being wisely and correctly used or not, it is much easier to analyze how this integration of blockchain technology could help Shivom achieving the next level of its development.

Blockchain Overview

Blockchain technology is becoming that one technology that more and more businesses are putting their concern over. This technology has opened a whole new world in which users could easily access and manage online data through strict data security and protection coverage.

In the midst of a world full of online fraud and threats, blockchain technology could serve the sought-after security in data management by allowing access to various data and information stored in its database, practically to anyone through any gadget connected to the internet.

By having the data accessible to anyone, there is a great amount of transparency being applied to each data submitted to the system. Through this process, anyone could be alerted if any change is applied to any data so that everyone could tell if a data is being fairly modified or not. This could significantly reduce the potential of having the data being manipulated by irresponsible parties on their own interests.

The integration of the blockchain technology also helps businesses to effectively carry out data transaction. This is basically because the technology provides a feature called the smart contract which bounds the parties involved in the transaction with a strong and legal contract so that the transaction could have effective legal standing for the best outcomes out of it.

How the Technology Backs Up Shivom’s Growth

As a platform that focuses on dealing with genomics and healthcare data and information, Shivom definitely needs the data protection feature of blockchain technology. We are well aware that genomics data are really confidential thus needs extra protection from any potential fraud and threats.

Any single irresponsible modification towards the data and it just become useless. That being said, it is integral to keep the data safe and keep any threat and attack at the shore. By providing a secure system for the platform to carry on, blockchain indeed allows Shivom to reach all of its potentials.