Kiwi tech firms deliver blockchain pilot to NZ government
- 05 December, 2017 17:20
Traditional data-sharing practices place a huge tax on large organisations, requiring massive resources to maintain the security and integrity of data.
A partnership between Cambridge-based advanced software company Nyriad and Spark-owned cloud provider Revera will pave the way for New Zealand government departments to manage sensitive data using blockchain ‘digital ledger’ technology.
Three years in the making, the pilot was launched this week and will see government organisations test data sets using Nyriad’s real-time blockchain software platform delivered from Revera’s AoG-certified Homeland Cloud.
The pilot is part of a move to provide next-generation IT platforms to help government agencies simplify the management of trusted information.
Blockchains are inherently resistant to data modification, providing an open, distributed ledger that records transactions between two parties in a verifiable and permanent way.
Revera CEO Robin Cockayne says government agencies faced growing risks as they delivered more data-rich services.
While encryption had largely closed the door on criminal activity such as identity fraud and manipulation, he says blockchain technology made breaches from within or without the system all but impossible.
“Traditional data-sharing practices place a huge tax on large organisations, requiring massive resources to maintain the security and integrity of data,” says Cockayne, in a statement.
“Blockchain protocols are the building blocks of smart data, introducing a secure system to automate sharing when certain conditions have been met. It may even allow citizens to manage their own information kept by government.”
Nyriad founder and CEO Matthew Simmons says his company’s real-time blockchain storage technology was the first platform in the world that enabled public organisations to prove they were handling information in a way that satisfied strict security standards and facilitated real-time data sharing, openness, and collaboration.
“We believe this pilot will demonstrate that IT trust can be built with our real-time Blockchain File-Systems,” he says.
Simmons says the company had fielded enquiries from several European governments looking for technology that supported auditable international data exchange and inter-governmental collaboration.
He says interest in the technology stemmed from EU legislation called the General Data Protection Regulation (GDPR).
GDPR aims primarily to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
Send news tips and comments to email@example.com