The technology is seemingly so simple and robust in its design that many experts wonder why such a concept hadn’t been developed before. Such an approach allows organizations to save time by preventing manual workarounds. It also eliminates data breaches and prevents errors caused by human errors. Accidental data loss and threats posed by malicious activities are also prevented. All these factors pose a significant threat to financial data, confidential customer information, intellectual property, and other corporate sensitive information. Gospel’s scalability makes it suitable and easy to integrate into organizations while the system remains highly resilient, secure and promote trust in unsure environments.

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.