ULedger has just announced new contrivance which will allow companies to easily become Global Data Protection Regulation (GDPR) compliant. This news comes at the right time just ahead of new regulations which is set to be implemented by the agency on May 25th, 2018.
ULedger’s GDPR Compliance tool will add the company’s already existing data infrastructure. This new tool gives any organization instant blockchain upgrade while ensuring that the new requirements around data control and data security have been met. Through this solution, clients can create a permanent and independent multi-party record of any data type.
With this tool, organizations can create and maintain an immutable history of the company’s data which will include email communications, photos, bank details or other data types which can correspond to an individual’s private, public or professional data. The product also includes vigorous inquiry and reporting capabilities for agreement of audits and proof.
Josh McIver, the CEO of ULedger said:
“Many technology systems in their current form are not capable of meeting the regulatory requirements of GDPR, and as with other regulations, compliance can sometimes be time-consuming, expensive, and confusing. Our GDPR tool is designed to leverage ULedger’s API in a way that provides companies with immediate GDPR compliance, and allows them to realize the many benefits that come with blockchain technology such as security and transparency of data.”
This product has followed ULedger’s recent enterprise that will offer its service free of charge to universities and non-profits that wish to adopt blockchain technology to improve their products and services. The company even offers services to huge accounting firms including City of Boise and many more establishments across assorted verticals.