Blockchain Data Exchange For The Southeast Asian Market Planned By Jupiter Chain, Deloittebr>
Singapore-based blockchain startup Jupiter Chain has teamed with audit and consulting giant Deloitte to implement a blockchain-based data exchange in Southeast Asia.
The new data exchange will combine Jupiter Chain’s blockchain solutions with Deloitte’s technology and regulatory risk management services, which are designed to improve business capabilities in the areas of technology, risk, governance, compliance and regulation. The exchange aims to provide consumers with a fully transparent avenue for monetizing their data by connecting with businesses on the blockchain.
“Set to change the way data is handled, shared and monetised, the data exchange platform developed by Jupiter Chain will allow exchanges to happen securely, protecting the privacy of the individual’s personal information,” Jupiter Chain said. “Data owners will have greater control over their data, gain better access to tailored services and be rewarded directly for their data contributions.”
Deloitte will advise Jupiter Chain on relevant regulations such as data laws and potential European General Data Protection Regulation (GDPR) considerations for the data exchange model. The consulting giant will also review Jupiter Chain’s blockchain architecture, design and processes.
“We look forward to work with a globally renowned and respected brand such as Deloitte to elevate our platform solution,” said Daphne Ng, CEO of Jupiter Chain. “I strongly believe that this strategic relationship will fuel the development of not only Jupiter Chain but the adoption of blockchain technology on a wider scale.”
The partnership will also see Deloitte become one of the validating nodes on Jupiter Chain’s network, the first of its kind between Deloitte in Southeast Asia and a blockchain company.
Deloitte Singapore Risk Advisory Director Eden Spivakovsky said that being at the forefront of technological innovation for business growth, Deloitte views blockchain as an important enabler with potential to exponentially change the way markets operate.
“We are excited to team with Jupiter Chain and together build blockchain capabilities and deliver quality solutions to clients in Southeast Asia,” Spivakovsky said. “Our combined expertise will allow us to drive innovation through the use of blockchain technologies and solve complex business problems for companies in the region.”