P2PS Is the Only Answer to Data Breaches
Data privacy and security are the two biggest technological challenges faced by governments, banking or financial institutions, corporates and individuals. So far none of the initiatives to protect our private information have yielded positive results. Lately we have seen an increase in data breaches and several of them have been of enormous intensity. The private and sensitive information of hundreds of millions of people was leaked by a reputed social networking site very recently. End users are demanding increased security and control. However, due to factors seemingly beyond their control, there is not much that institutions are currently able to do, although the annual cost incurred by banks alone is in excess of a whopping $500 Billion.
According to P2PS, anything that you exchange digitally with anyone, anywhere, is not private by any privacy standards; including information exchanged on your “private” intranet corporate networks.
In this scary backdrop,P2PS, headed by its CEO Jameel Shariff and COO Dr. Waleed AlOriny, brings you a system through which you can exchange confidential digital assets or files with absolutely no interference from any third party – not even an administrator. This is in starkcontrast to companies, who not only seem to benefit from user data, but also quickly lose control of how their developers use it.
P2PS platform will be on the blockchain. This means it is completely decentralized. This is great for users as it ensures no administrator accessing(or seeing) the sensitive information or files you are sharing. Everyone needing information to be private could greatly benefit by P2PS global roll out, slated tostart with 49 countries. Platforms like P2PS today are simply nonexistent and P2PS has absolutely no comparable substitutes, alternatives or parallels.
Verdict: Banks, government organizations and companies are known to send, receive and share millions of pieces of private and sensitive information. Therefore, they could all benefit from the P2PS service, to ensure no huge data breaches take place.