Southeast Asia Gets Jupiter Chain and Deloitte to Setup Blockchain Data Exchange in New Partnership
Jupiter Chain And Deloitte To Set Up Blockchain Powered Data Exchange In Southeast Asia
Jupiter Chain, a firm based in Singapore, in conjunction with Deloitte, yesterday declared their partnership which is meant to assist in the implementation of an innovative data exchange in Southeast Asia. The data exchange will have the responsibility of offering consumers with an entirely crystal clear channel through which they can monetize their data by connecting with commercial entities on blockchain.
The collaboration will go a long way in leveraging the strong points of Jupiter Chain’s blockchain solutions in conjunction with Deloitte’s know-how and supervisory risk management services. The services are meant to augment corporate competences in the areas of governance, regulation, acquiescence, and technology.
The Next Wave Of Data Mining
This particular type of exchange is viewed as being instrumental in the next wave of data mining, especially due to the advent of data scandals which have involved the certified utilization of data. In many ways, the industry has also witnessed very stringent regulations especially surrounding data possession and transferability.
With the intension of changing the way in which data is shared, monetized, handled and stored, the data exchange platform to be set up by both partners will permit a secure exchange of data, in which an individual’s private information is protected. This will go a long way in ensuring that data owners have greater control over their information, as well as improved access to custom-made services.
On its part, Deloitte will be charged with the responsibility of advising on the appropriate regulations such as data laws as well as prospective GDPR concerns for the data exchange model. On technical aspects, Deloitte will help in reviewing Jupiter Chain’s blockchain substructure, policy as well as procedures.
Research And Technical Partnership
The relationship between the two firms also has a component which includes research and technical partnership. This will ensure that Deloitte becomes a key validating node on the network owned by Jupiter Chain. In many ways, it will be the first of its kind between Deloitte in the entire Southeast Asia and on a blockchain technology.
According to Eden Spivakovsky, the Risk Advisory Director at Deloitte, Singapore, the firm is currently spearheading technological revolution for corporate expansion. In this way, it views blockchain as a vital enabler with the capacity to exponentially alter operations in the market.
Deloitte is thrilled at teaming up with Jupiter Chain to establish blockchain capacities and offer quality solutions to customers all over Southeast Asia. The collective expertise will permit both firms to drive innovation through the use of blockchain technologies, thereby solving difficult corporate challenges for firms in the whole region.