Published on April 19th, 2017 | by bitcoin0
the unbreachable data made available with bitcoin and ethereum blockchain, here’s how much
MyBit, a Berlin-based startup, is utilizing the Ethereum and Bitcoin Blockchain networks to solve data manipulation.
For decades, large-scale corporations in the industries of healthcare, finance and technology have struggled to secure, store and process data in a secure ledger.
The drawbacks of private Blockchain
For a start, any centralized server, database or platform is vulnerable to data breaches and hacking attacks.
This is where startups like MyBit can offer unique propositions to corporations looking for immutable technologies for data storage and transfer.
Once data is recorded to the infrastructure of MyBit, it autonomously transfers data into the Bitcoin and Ethereum Blockchains thus removing trust and offering immutability to users and companies.