[ad_1]
HONG KONG, December 17, 2018 / PRNewswire / – It is easy to lose sight of the underlying purpose of any new technology when the hype reaches a level reached by the blockchain. To put the term "hype" in perspective, it is expected that the global blockchain technology market is worthwhile $ 20 billion by the end of 2024.
Hype Cycle for Emerging Technologies
iTrue Limited
Within the blockchain world, there are many market segments and industries that technology
- aims to destroy. The industries that have the highest level of investor expectations include:
- IoT (Internet-of-Things) platforms
- Deep neural networks
- biochips
- Smart Workspace
- Virtual assistants
Gartner has recently published a chart of some emerging blockchain technologies and its relative point on the "hype cycle": some results are quite interesting.
Data security that receives the advertisement in the Blockchain community
Data security, on the other hand, is currently increasing the cycle of hype as investors and companies are realizing the importance of using blockchain technology and distributed ledger to protect confidential data and ensure complete privacy of users . This is due to the numerous large-scale data leaks and hacks that have occurred over the years.
How does Blockchain improve data security?
- Blockchain is decentralized
- Blockchain offers encryption and validation
- Blockchain is virtually impossible to hack
ITrue's blockchain-based data storage
While public blockchains have grasped the first titles and applause to allow anonymity, it is possible to create private blockchains that restrict access to specific users. You still get the benefits of a decentralized peer-to-peer network, but anyone accessing a private blockchain must authenticate their identity to gain access privileges and may be limited to specific transactions.
iTrue is entering this space with its state of the art Stone deposit solution, a unique data storage feature where personal information is stored separately from your transaction record and can be divided into different levels and phases. This allows users to decide what information to share with the party in question, thus maintaining complete control of sensitive information.
In addition to blockchain-based data storage, iTrue is bringing data security to a higher level by securing information using biometric technology. This means that users can successfully verify their identity by scanning their face, iris eyepiece or other facial feature to access stored data. iTrue and its large team of developers are committed to working closely with the community to unlock the next generation of secure data storage solutions.
Contact with the media:
Max Tkachenko
[email protected]
+852 2202 200
SOURCE iTrue Limited
