Data integrity is crucial for some of the world‘s largest industries, such as manufacturing, healthcare, insurance, and finance. The global data integration and integrity software market size stood at USD 7.92 billion in 2018 and is projected to reach just over USD 20 billion by the end of 2026, while the global zero-trust security market size is projected to grow from USD 19.6 billion in 2020 to USD 51.6 billion by 2026, recording a compound annual growth rate (CAGR) of 17.4%.
Blockchain technology will soon be used by the majority of enterprises around the globe and one of the key use cases of the technology will be to provide data integrity.
- Too complex
Today, blockchain networks are still too expensive and slow to work as a solution for data integrity to large-scale global enterprises. Let us give you an example: It would take you approximately 23 days and cost you USD 40,000 to store a million data records to the Ethereum network. Not only that, the integration of such a solution would be a big undertaking for the company. Blockchain technology is still too complex for an average person to understand and handle.
Authtrail changes that.
Authtrail is a highly scalable service that eliminates the need for corporations all around the world to engage in the complex development effort of building ledger-like applications. With Authtrail, data change history is immutable – it cannot be altered or deleted – and using cryptography, companies can easily verify that there have been no unintended modifications to their data.
HOW DOES IT WORK?
Authtrail is a bridge between local data sources and blockchain technology. It is deployed on a cloud, stores data, and periodically anchors its fingerprints to the blockchain. This is how it ensures data integrity while increasing performance and decreasing transaction costs.
It‘s fast, affordable, simple, and ultra-scalable – just what global enterprises need to ensure data integrity and adopt blockchain technology into their day-to-day operations.
The financial, healthcare, manufacturing, pharmaceutical, and other industries. Where there is the need for data integrity, there is a need for Authtrail.
Demonstrate compliance with various data protection standards and reduce costs of internal and external audits.
When managing electronic health record (EHR) data, one must be sure that it is protected and regularly audited. Authtrail provides a simple and affordable alternative to standard SIEM solutions.
Provide state-of-the-art traceability and share your product data with your customers and partners to avoid future disputes and empower your product life cycle (PLC) management.
GDPR compliance is a must-have for every online shop providing services inside the EU. Authtrail provides a way to create a secure and immutable audit trail and reduce costs on external audits.
Today telcos are becoming the main providers of IoT solutions. For some critical information (e.g. public security and emergency applications), it is crucial to lock important data at a high scale and prove its integrity.
Provide a complete view of product data with extended traceability and proven data integrity. Share important information with your customers and provide a full audit trail of your production events and parameters.