Increased use of technology in businesses has led to growth of new kinds of risks such as data loss and cyber crime. For a data loss to happen through the online transactions, there has to be a computer utilized and it largely happens in a cyber space. Data loss mainly happens through hacking which is the illegitimate larceny or robbery of info from a computer. Hacking largely affects the identity theft where a person steals another persons or organization info or data and uses it for defamatory activities or financial gains.
In business firms, data and information is the contemporary source of competitive edge. If a business is operating in an aggressive/competitive business environment, the important and decisive data about the firm’s operations can describe the share market they will end up with. This makes the confidential data of the business to be important not only to the firm but to its rivals. With the cybercrimes problems, Clarity aims at guaranteeing that the data kept is secure and safe. With this in mind, Clarity wants to empower small firms with a decentralized platform that will guarantee that the firms are able to manage their data effectively. With this there will be enhanced security, privacy, and on time enhanced transactions.
Clarity
Clarity is a decentralized platform that utilizes the smart contracts and the blockchain technology in guaranteeing that the data is safe and secure. Clarity will provide a decentralized data exchange and a secure digital communication where there will be a better storage and transfer of data for small businesses. The unlawful users will not be able to access files or data without the consent of the authoritative manager. With the decentralized platform, the clarity users will be able to grow their businesses without the fear of losing their assets. The companies will also be able to trace their transactions and rectify any errors that may affect their performance.
Conclusion
Cryptocurrency has ensured better transfer of funds through the use of blockchain empowered platforms. This has made the buyers to exchange physical products to digital assets by the use of escrow. As an entrepreneur, I believe clarity project will be important to the small business owners as it will help them to effectively manage their data. Clarity provides a secure digital communication where the financial operations and cryprocurrencies can function faster and effectively.
REFERENCES
For more in-depth information, please visit the sites below.
Website - https://clarityproject.io/
Whitepaper - https://www.clarityproject.io/wp-content/uploads/2018/07/whitepaper-v2.5-min.compressed.pdf
ANN thread - https://bitcointalk.org/index.php?topic=4479431
Twitter - https://twitter.com/theCLRTYproject
Facebook - https://www.facebook.com/theCLRTYproject/
Telegram - https://t.me/theCLRTYproject
Author: Gitagiajose
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2303447
Ether Wallet: 0x1547fB0fBb1dA830af27F4D015E6f5f2F4F00c7c