Protecting consumer data should be at the top of the priority list for just about any company in the world. A recent study by the GDPR shows how Europe alone will need at last 28,000 data protection officers in the coming years. Technology will play an integral role in this process as well, and distributed ledgers will be of great value.
Data Protection Requires Technology And Manpower
Consumers all over the world are concerned about data protection these days, as database hacks and leaks are becoming far too common these days. Most of these breaches can be attributed to lackluster security measures, outdated technology, and not having enough staff on hand to step up overall security.
That will be coming to a change in Europe over the next few years, although it will require at last 28,000 data protection officers who will need to be hired. This plan will not come to fruition overnight, as the hiring process would only begin by 2018. However, companies who take data protection more seriously may want to start training or hiring staff to fill this role in the future.
The General Data Protection Regulation will initially only require public authorities and profiling entities to appoint data protection officers. However, the hiring process by these organizations alone will result in several thousands of new jobs across Europe, which should give the economy a healthy boost in the years to come.
It has to be said, however, that data protection can come in many ways. Additional jobs is one way to tackle this issue, but there is another solution around the corner. Technology is often blamed for the current data threat, but new technological solutions have come across in recent years which can help tackle this problem.
Distributed ledger technology – also known as the blockchain – can be used to create synchronized and distributed records of data. This would actually remove the single point of failure, and prevent data loss. Although the blockchain as most people know it does not seem suited for this type of functionality, companies such as Factom are building the foundation of data protection in the future.
Source: Computer Weekly
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.