Everyone gives lip service to security's requirements, but investors and regulators want more than lip service. They want verifiable evidence that the right steps have been taken. And blockchain can be a valuable tool for providing that evidence.
Xage is one company providing blockchain-based accountability and verified compliance for organizations. Duncan Greatwood, CEO of Xage, describes one of the key benefits blockchain brings to accountability: Because of blockchain's nature of recording and verifying every change that occurs, "the blockchain gives you the opportunity to audit or do forensics if something goes wrong."
Blockchain's ledger architecture makes it a natural fit for those looking to have audit support for security and infrastructure management. While it's not impossible to spoof blockchain verification, the effort required makes it more affordable, in most cases, to simply do the work required to be in regulatory compliance.
(Image: HAKINMHAN VIA SHUTTERSTOCK)