Report: Technology BlockChain basic digital economy in the face of cyber threats

Jun

30

2016

New report from consulting and technical global company, “Booz Allen Hamilton” Booz Allen Hamilton that “Block Qin” techniques new BlockChain and emerging are essential to support the achievement of the digital economy in the Middle East, at a time when ensures effective protection to confront the growing threats to the security of the data and Crime e.

The report, issued under the title “Block Qin Technology – Can the digital economy to flourish without it?” And recommends that as governments in the Arab Gulf countries to develop some of the smartest cities in the world amid a culture of innovation, can “Block Qin” technology provides a means of smooth and effective to protect the smart cities and allow its development, and encrypt digital transaction systems and the development of new environmental payment system to the economy towards growth.

And help, “Qin Block” technology which was known record of Bitcoin transactions, to maintain lists of tamper-resistant in the growing data records constantly, and allows a safe exchange of material value Kalomwal shares or data access rights. Unlike traditional trading systems, no need for a central mediator or a recording of the follow-up traffic exchange system, but based on all sides to deal directly with each other.

Said Shehadi, Executive Vice President and Managing Director of Booz Allen Hamilton, the Middle East and North Africa and the co-authors of the report: “the economies of the Middle East and North Africa live a phase of rapid change where governments diversification away from based on oil assets and devise new sources of resources with focus on new technology as a nucleus for that orientation. But the opportunities are accompanied by challenges, and with the emergence of smart cities to support national programs, Governments should be ready to face threats ranging from piracy and cybercrime, and here lies the Block Qin technology’s role in helping these cities to achieve the objectives of the digital economy while ensuring maximum network security degrees. ”

And it supports “Block Qin” technical capability to the application in the real world across a range of sectors from healthcare to automotive and financial sector, and help regional governments to extract significant value from the massive amounts of data that can be used to meet the changing requirements of consumers constantly additional costs minimal.

It is expected to reach the value of the global digital services market to 1.2 trillion US dollars in 2018 from 768 billion in 2013, while expected to contribute to the transition to digitization support gross domestic product by $ 5.5 billion in Dubai alone in the same period.

With the growing concentration of the Arabian Gulf countries on technological innovation in line with the growing prevalence of online services, make it easier, “Qin Block” technology to provide infrastructure that guarantees high through their ability to measure performance and adapt to the rapid deployment of the digital economy and change.

Mail security in the digital economy

With the growing digital economy, e-risk tended to centralize goals. Annual Valkhosarat companies worldwide resulting from developments on the internet attacks exceeded the 7.7 million US dollars a year on average for each company as indicated by the Bnimon Institute.

I have encountered governments in the Arab Gulf countries, the introduction of electronic programs Kalthdid national public and environmental infrastructure major that rely on eye-hand fingerprints data to ensure information security threats. While these initiatives have proved highly effective against those threats, it has been breached in the event of a single link in the chain of digital basic, it is likely to lead to implicate the entire system.

The nature of the simple and effective “Qin Block” technology removes the layers of complexity while supporting security element and reduce the risks associated with digital certificates and certification authorities.

Maher said Nayfeh, senior vice president at Booz Allen Hamilton, the Middle East and North Africa and the co-authors of the report: “In the process of converting data into the currency and enhance its value, it seems that it is indispensable Block Qin technology for its ability to remove concerns related to security, adopted by the argument institutions to justify failure willingness to disclose information, while encouraging the adoption of participation data initiatives and environmental payment system can determine the value of data over time. ”

Key sectors:

Health care: Health care is a crucial sector at the heart of the development of Smart City. “Qin Block” technology is able to prevent a data breach in the healthcare sector through the development of reliable and multi-function signatures and encryption. And the adoption of “Block Qin” technique, patients can develop and share their records and accessed by many parties without risking the health and security of the data breach.

Through this technique, patients can use your signature in addition to the signature issued by the hospital to gain access to a range of data in different situations. “Qin Block” technology is also useful in the process of insurance and billing, where he managed technical patients, insurance companies and the Department of the bills in the hospital management of payments through a single platform ease of repetition across the sector.

Transportation: cars has become an interactive component in the transportation network related growing. In addition to software and diagnostics that improve the safety and performance of the car, now allows technical developments for the cars to monitor traffic patterns and benefit from the grooves and emissions and fuel consumption.

In the transport sector, “Qin Block” technology that helps mitigate the internet security risks by providing a reliable and secure platform, where the reservation data safely in the collective accounts book distributor can be public or private, according to use and statements.

Financial Sector: Technology “Block Qin” According to the financial system by providing a live environment, effective and safe for transactions to exchange one set of financial instruments of stocks, bonds and cash currency, wages and benefits and airline miles.

While “Qin Block” technology linked Bitcoin technology, characterized by technical change applications can increase the performance of transactions and reduce costs and eliminate the need for existing systems as companies and financial clearing.

“Block Qin” Technology is also helping governments in the Arab Gulf countries to promote the safety of the financial system by ensuring and facilitating transactions in the rapid growth of the Islamic capital market, and improve reliable spacious access the base for investors, helping to request loan process for Islamic Banks and through the issuance of clever agreement extractor and documented and refined over the network, and management of identity theft and providing smart funding approval.

A start -up companies: to support emerging companies accelerated and ecosystems is essential for the growth of the digital economy in the Arab Gulf countries. And “technical” Qin Block “is able to carry a prominent role in the ecosystem to embrace the emerging companies through facilitating measures such as registering the company and secure funding and registration of intellectual property.

Technology capable of enabling individuals to access for pre-approved parties involved in the network data Kaljhat responsible for the registration of companies, patents and funding, while at the same time provides an update of the data in real time. This alleviates the need to repeat the information and facilitate procedures for applicants and reduce the time and some associated with the launch and operation of any activity costs.

The Persian Gulf countries are beginning to see the benefits. Global IT Council is “Block Qin”, founded by Dubai Museum Foundation for the Future began encouraging embrace emerging companies and the development of the potential impact of technology on business and financial sector, as well as his role in facilitating transactions across sectors. The first pilot project focuses on the exchange of Bitcoin, House Oasis, applied by Dubai Multi Commodities Centre to ensure flexible offices and procedures for registration agreements using the accounts “Qin Block” book.

He concluded Shehadeh said, “the potential for technology applications within the Block Qin’s quest for innovation Arabian Gulf countries are complex. By providing leading solutions for the development and availability of embracing digital capabilities, proving “Qin Block” technology as a very valuable tool for the region with ambitious smart structure. “

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