Data443 Risk Mitigation, Inc., a leading data security company and current Early Stage Exhibitor at the 2018 RSA Conference, announced today that its award-winning data classification, governance, and eDiscovery product ClassiDocs™ supports advanced regulations like the General Data Protection Regulation (GDPR) and privacy legislation for the growing blockchain ecosystem.
As the use of blockchain technology continues its rapid push beyond cryptocurrencies and into realms where personal data is stored and shared, the organizations that use the technology will be subject to data privacy regulations and additional international compliance requirements. ClassiDocs is able to apply classification capabilities for personally identifiable information (PII) and other information sets within a blockchain, which enables discovery, response, and remediation based on compliance mandates.
“The future of data is of course distributed and immutable,” says Jason Remillard, CEO and founder of Data443 Risk Mitigation, Inc. “Distributed data technologies enabled by blockchain capabilities add a level of complexity when it comes to data privacy and regulatory compliance. ClassiDocs™ addresses this complexity with customized and explicit PII recognition capabilities coupled with enhanced enterprise data classification and extending enterprise data protection and digital rights management capabilities. It’s truly a first-of-its-kind solution for the blockchain ecosystem.”
Data443 launched public and validated “Validator” services in February 2018 to support the function and transactions of Ripple’s ecosystem. But distributed ledger is only one segment of the rapidly growing blockchain-enabled marketplace. With Data443’s ClassiDocs™, organizations and entities that use blockchain technology to store and share personal data, such as health records or taxpayer information, can enable compliance capabilities and data security requirements with GDPR and Payment Card Industry (PCI) data security standards.
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