NEW YORK--(BUSINESS WIRE)--Following the earlier announcement of ASX’s new Distributed Ledger Technology (DLT) as a Service platform, Synfini, One Creation and ASX are collaborating to further build upon privacy as a service as the foundation for the digital data economy. Through this joint effort, One Creation’s Privacy Preservation solution will be available on the ASX marketplace as a layer for ASX and its ecosystem of apps to securely distribute any data output, while clients of ASX will benefit from data democratization and monetization opportunities.
Like ASX, One Creation uses DAML smart contracts to help organizations fully automate the control and enforcement of digital data rights, thus reducing regulatory and sovereignty barriers and also gives them the ability to collect customer data in a trusted and transparent way.
“We’re excited to join forces with ASX who is leading the way in distributed ledger technology and particularly, its efforts to make data use for common good a pillar of its future business model. The digital economy cannot progress beyond its current point, nor can Web 3.0, unless the concerns around controlling data privacy are addressed,” stated Zohar Hod, CEO of One Creation.
Paul Stonham, General Manager ASX DLT Solutions said, “We welcome One Creation to Synfini and look forward to them deploying their Digital Rights Enforcement and Management technology. We are excited about seeing it in the hands of customers.”
One Creation’s solution for privacy preservation achieves a secure and automated customer centric digital economy, putting control back in their hands. Customer data is collected and then encrypted and wrapped in proprietary DREAMTM technology (Digital Rights Enforcement and Management). Customers have transparency on the full life cycle of their data while organizations reduce the risk in using and distributing that data while building better business insights and increasing their level of trust with clients.