Are you ready for GDPR? EU Could Fine U.S. Companies for Not Complying

ShoCard gives users control of their data On May 25, 2018, the EU’s GDPR (General Data Protection Regulation) takes effect. This regulation requires businesses (both inside and outside the EU) to change the way they store personally identifiable information (PII) on EU individuals.     This regulation applies to ANY company processing and holding the … Continue reading “Are you ready for GDPR? EU Could Fine U.S. Companies for Not Complying”

Are you ready for GDPR? EU Could Fine U.S. Companies for Not Complying

ShoCard gives users control of their data

On May 25, 2018, the EU’s GDPR (General Data Protection Regulation) takes effect. This regulation requires businesses (both inside and outside the EU) to change the way they store personally identifiable information (PII) on EU individuals.

 

 

This regulation applies to ANY company processing and holding the personal data of persons residing in the European Union, no matter where the company is located or where its data is processed. In addition, these rules apply to both controllers and processors; meaning ‘clouds’ are not exempt. This is especially relevant since the EU will issue regular audits and tough fines of €20 million or 4 percent of global annual revenue to companies that don’t comply.

 

The Data

GDPR compliance encompasses any information related to a person, including data you might not expect.

Name

Email

Bank Info

Photo

Location

Cookies

Biometric Data
Medical/Genetic Data
RFID Tags

Social Media Activity

Demographic Data

IP Address

GDPR is designed to give prospects, customers, contractors, employees, etc. more power over their data and less power to the organizations that collect and use such data for any purpose.

 

Our Identity Solutions

ShoCard and ShoBadge Identity Management (IM) solutions do exactly that. Our turnkey blockchain-based IM platform gives users control over their data and helps your company toward GDPR compliance by allowing you to:

 

  • Authenticate your users without storing their PII data. Say goodbye to usernames and passwords; they’re not required!
  • Reduce requests to access, erase, and correct user data
  • Obtain definitive proof of consent for permission-based user data

 

With our solutions, your users’ mobile devices are the only systems that store the authentication PII data, including their biometrics, and they’re locked under a private key. We use the blockchain only to verify a user’s claim of their identity; and do so by populating the blockchain with non-PII, verification signatures. As a result, your users’ data is highly secure.

 

Instead of trying to stay one step ahead of hackers by incorporating more factors into your authentication, checkmate them with ShoCard by removing the need for usernames and passwords altogether.

 

More on how ShoCard can help with GDPR

 

Request a demo of ShoCard products

 

Follow us on Twitter: @getShoCard

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team.

Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.

Author: Armin Ebrahimi

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team. Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.

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