ULedger, a blockchain based infrastructure turn provider today announced new tools that will allow any company to easily become GDPR (Global Data Protection Regulation) compliant ahead of the regulation going into effect on May 25th, 2018.
Plugging into a company’s existing data infrastructure, ULedger’s GDPR Compliance tool gives any organization an instant blockchain upgrade, ensuring that the new requirements around data control and data security are met.
ULedger has developed a solution that enables clients to create a permanent, independent multi-party record of any type of data.
“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.”
ULedger’s Blockchain GDPR Compliance tool allows organizations to create and maintain a complete, immutable history of the company’s data, including email communications, photos, bank details, and any other data type pertaining to a person’s private, public or professional data. Its GDPR product also includes robust querying and reporting capabilities for compliance audits and proof, as well as breach notification, privacy by design, and data portability.
This new product follows ULedger’s recent initiative that will offer its services free of charge to all universities and non-profits that wish to adopt blockchain technology for greater data protection and security. ULedger additionally services a Big 4 accounting firm, the City of Boise, a global shipping company, a big data company, and many more entities across various verticals and use cases.