French company Pikcio will be showing its blockchain-based data exchange platform at GITEX Technology Week.
The Pikcio platform is intended to allow individuals complete control over their personal data, while giving them a means to share it, and even monetize it.
The Pikcio platform operates on a peer-to-peer basis, with personal data stored and transferred in a peer-to-peer fashion, not on the open blockchain, with only the hashes and validation on the blockhain platform.
The platform is GDPR-compliant. Data is sent to the PikcioChain platform allowing verification nodes to verify and certify the data and store a hash of this data on a permissioned blockchain; the PikcioChain. The data, or even just the certification of data, can be offered on the PikcioChain data marketplace for (re)sale. This allows data that has once been verified to not have to be verified again and again, but still be used in a secure way.
Pikcio says that the technology is particularly suited to financial services, where it can be to provide verified Know Your Customer data to financial institutions, or the healthcare sector, where certified records and medical data can be exchanged.
French Tech pavilion stand D4-15