Private blockchain systems often present a binary state of security which either enables the visibility of all data or no data. In instances when specific data is required authorization, private blockchains provide no more security in comparison to secure sharing tools. Gospel Technologies provides an enterprise data platform that allows companies to fully control and monitor their data on a granular level. This enables companies to collaborate with ease and share their data with superior vigilance while providing access to relevant data. Using the practical Byzantine Fault Tolerance (pBFT) consensus mechanism, a private permissioned blockchain, Gospel builds a flexible mechanism to aid data sharing between companies and their supply chains.
Gospel’s revolutionary innovation will boost economies with a new dynamic of data sharing. Redefining companies’ relationship with their data, this technology will enable companies to share their information with collaborations and not worry about the security of their data and the trust built with the collaborating companies.
Gospel Technologies provides an enterprise data platform that allows companies to fully control and monitor their data on a granular level
While companies have historically protected their data with multiple layers of security and restricted them to their silos, the value they gain out of their data libraries would often be restrictive and a fraction of the data’s true potential. These layers are bypassed by employees to ensure better collaborations and thus place the data in a vulnerable position, while also elevating the risk factor associated. Gospel’s platform built on blockchain ledger technology ensures that the data recorded on the private ledgers are not tampered with unless there is an aggregated agreement from other nodes in the system. With enhanced security and selective sharing of data, companies can boost their inter-company communication with ease.
Gospel currently works with a global aviation and defense company that has collaborated with three other firms. Gospel helps these companies overcome their challenges associated with traceability and compliance with its innovative platform. The platform demonstrated its speed and agility by lowering the difficulty associated with tracing and locating parts information stored in disparate internal and external systems, while remaining compliant to border export controls.