Categories: CryptoNews

Stepping Up Data Protection Through New Jobs and Blockchain Technology

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 Most of these breaches can be attributed to lackluster security measures, outdated technology, and not having enough staff on hand to step up overall security.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.

Related Post

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

Images credit 1,2

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.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago