January 13, 2022

How Enterprises Can Benefit From a Trustless Decentralized Network

The last few years have seen both massive growth in data stored online, and a worrying trend of data centralization and control. Global businesses have evolved to rely on digital...

The last few years have seen both massive growth in data stored online, and a worrying trend of data centralization and control. Global businesses have evolved to rely on digital systems, but these traditional internet-based solutions now pose a huge security risk as we enter the era of the Metaverse. But zero-trust, decentralized networks can give enterprises a reliable, pioneering, and intuitive solution to today’s data security challenges. These solutions aren’t for the future: they’re for right now.

Workplace Locations Are Less Important

Even before the Covid-19 pandemic sent office workers home around the globe, we had been seeing a shift to online workplaces. All around the world, people work from kitchens, home offices, bedrooms, or coffee shops.

Flexible working, digitization, and online workplaces facilitate this way of living, and the knock-on effect is that employers have the chance to hire the best staff, regardless of where they live.

In the UK, before the pandemic, 1.54 million people worked from home for their main job. Ten years ago, that figure was just 884,000. And in the US, remote working rose by 173% between 2005 and 2018.

In fact, more than half of all companies worldwide have some capacity for remote working.

But the convenience isn’t all on the business side. A lot of remote workers say they are more productive at home than they are in the office. Working from home can make employees feel more empowered, more in control of their destiny, and better able to achieve a good work-life balance.

And one survey by Global Workplace Analytics found that businesses would save an average of $11,000 per year per half-time telecommuter.

The Issue of Providing Access From Multiple Locations

But while remote working can be great for employees and businesses alike, more than half of IT professionals think remote workers are a greater security risk than those in centralized offices.

Remote workers need access to data, but there are a lot of potential risk points, like accessing data through unsafe WiFi networks, using personal devices for work, or using unapproved software for file sharing.

Identity systems that are no longer fit for purpose are still being used, and third-party service providers add further security risks to the equation.

Every global business today relies on processes built in the digital world. This has brought amazing benefits, but today’s internet is dominated by global technology mega-players who control the vast majority of data storage and computing power.

As a result, data storage has become highly centralized and siloed, which brings with it single points of failure and a lack of interoperability.

The risks to businesses from this centralization of the internet are huge. Over the last few years, there have been some massive data breaches and misuse of data. LinkedIn and Facebook have seen 700 million and 533 million users affected by their own data breaches, respectively. And in April 2020, hackers stole and put up for sale 500,000 Zoom passwords.

But it’s not just data that is at risk. A DDoS attack could destroy an entire business by preventing remote workers from accessing services over the internet.

So, here’s the challenge: Businesses working remotely need employees to have secure access to data. Without it, they can’t do their jobs.

Secure Control with Zero-Trust Networks

We need a solution to give control back to businesses and eliminate security threats, making the most of decentralized technology.

Blockchain can remove the data monopolies and single points of failure that occur in centralized systems.

At its core, blockchain is a trustless network and by removing the need to trust third parties, enterprises can achieve new levels of confidence. Rather than placing blind trust in data controllers, every single transaction can be verified and confirmed on a decentralized network.

A trustless network operates on the ‘never trust, always verify’ principle. It assumes that no device, no connection is inherently trustworthy. It puts the power for secure control in the hands of the businesses themselves, empowering the very people who use it.

This is exactly what DigiCorp is offering with its DigiThree project: Zero-trust networks in tandem with quantum-secure apps that will radically change the data security environment for enterprises worldwide.

DigiThree offers secure, encrypted, decentralized P2P video conferencing with no need for third-party providers.

Their quantum-secure solutions for storage and file sharing are designed to integrate seamlessly and eliminate security risks. And on top of that, robust, reliable, high-speed-encryption web browsing will safeguard businesses.

The final bonus is passwordless login. Without a password, there are no extra details that could potentially be stolen.

DigiCorp has removed the main single points of failure and by doing so, it can deliver world-class digital and physical security in the Metaverse.

Better Security Means a Wider Talent Pool

Remote working is here to stay.

But as an enterprise leader, if you don’t have to worry about where your workers are based; whether they can afford to live in your city; or even whether their home internet connection is safe - then you have access to the best of the best.

But to make the most of this global talent pool, you need data security you can really trust.

This means it is time for enterprises to make the most of decentralized, zero-trust networks.

DigiCorp provides enterprise clients with the tools they need to secure sensitive data and data communication, so that businesses can finally make the most of global talent. That means any worker, wherever they are in the world.

Enterprise leaders can now be confident in giving their workers access to the Metaverse with DigiCorp’s safe on/off ramp through decentralized sovereign IDs.

Businesses will be empowered to hire the cream of the crop without needing to worry about data breaches, points of failure, or access issues.

It’s time to give the power back to these businesses.

Meeting Corporate Sustainability Targets

We have less than thirty years to reach global net zero carbon emissions. It is a huge goal, but it is not yet out of reach.

For example, printer company Xerox calculated that it saved 92 million miles of driving in 2020 by allowing its employees to work remotely. That’s almost 4,100 metric tons of carbon emissions saved through cutting right back on commuting.

Secure P2P conferencing and safe data sharing mean companies can employ remote workers with confidence and vastly reduce their carbon emissions. There’s no risk of Zoom-bombing, and the planet wins.

DigiCorp has partnered with revolutionary decentralized provider ThreeFold for a planet positive, community-driven, people-centered internet.

And there’s the connection. Better security means better access to global talent, therefore fewer miles commuting to the office. Ultimately, this benefits businesses in terms of their workforce, their security, and their ability to meet those all-important corporate sustainability targets.

But the best thing about it, is that this is all achievable now. DigiCorp is not the future of data security: it’s the present and it’s ready to meet the challenge of the Metaverse.

Are you?

Article written by DigiCorp Labs