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Singapore’s JEDTrade touts data safeguards on platform

Jul 17. 2019
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By The Nation

JEDTrade, a Singapore blockchain startup, claims its newly launched Jupiter Chain is a consentable data exchange platform that enables the use of data analytics without compromising users’ privacy.

Jupiter Chain allows users to keep their personal data private by encrypting the data and requiring consent before other parties can access the necessary information to conduct Big Data analytics projects. The team behind it envisions a future where users can get customised healthcare plans from their aggregated medical data, while the data remains secure and private to them. Assessors only gain permission to analyse the relevant data when individuals give consent, and are unable to access the raw data.

The company said healthcare business owners will also no longer have to be custodians to user data, avoiding hiccups in securing sensitive data. At its full potential in the healthcare ecosystem, this eliminates the risks of data sharing and increases the benefits to consumers and researchers.

“With Jupiter Chain, JEDTrade hopes to fundamentally change the way we handle data. From day-to-day interactions to large-scale processes, enterprise blockchain technology will change the way we live, with new industries hungry for solutions. We are ready, and look forward to delivering them," said Dr Ernie Teo, CTO of JEDTrade.

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