With blockchain technology, Xooa merges innovation with the app development process to enable businesses to rapidly build digital transformation projects that have inherent trust and security. Rest assured that apps built on Xooa will stand the test of time.
Unlike in a typical database, data recorded on a blockchain ledger cannot be deleted; it can only be appended. This ensures a proof of record since you can trace back all of the modifications made to the data on your ledger. With blockchain, you can protect your apps against cyber shakedowns, rogue employees, honest error, and countless other adverse events.
Blockchain's security benefits contribute significantly to its trust enablement advantages as businesses can always determine if and when data-tampering took place. Xooa gives businesses the unique option of transitioning to a distributed network that involves other external parties. When a business makes this transition, they control what parties have access to the network as well as what data is shared. This creates a robust multi-party trust model and offers new avenues for collaboration that can generate significant business value.
Digital Transformation can require countless extra steps for capture and storage of sensitive data. Businesses spend hundreds of billions of dollars each year on this compliance process and are dealing with an increasingly complex regulatory environment. Blockchain natively maintains proof of records while offering real-time access to pertinent data for all relevant parties. Whether you need to protect personally identifiable information as required by HIPAA or enhance your KYC process for OFAC and FCPA regulations, these concerns are taken care of by design with the Xooa platform. Overall, this means reducing the time, cost, and effort of your compliance process while improving its quality, accuracy, and confidence.
