Forbes ASIA — BAASID FOCUSES ON PROTECTING THE DATA ACROSS THE BLOCKCHAIN

Amid all the hype around blockchain and its popular creation — cryptocurrency-skeptics are wondering whether the data stored using this innovation is secure.
BaaSid, which is short for Blockchain as a Service for identification, seeks to address this concern by providing data authentication and a secure storage location.
Founded in 2017, BaaSid develops applications using blockchain technology-the decentralized digital ledger on which transactions can be recorded BaaSid’s key products are Soteria, a decentralized data storage platform, and Pistis, an authentication system such as DID (W3C standard Decentralization Identity), 2FA.
These form part of an offering known as blockchain-as-a-service, the third-party management of the company, and institutional blockchain applications.
The company’s board members James Huang, Moon Inshic, Otaka Jun and three others, have been working on IT security for more than a decade, initially using the technology in telecommunications and then in online gaming.
“We had been working with a company that was involved in blockchain and wanted an opportunity to learn more about it and how it could help internet businesses,” says Huang, who is the CEO of BaaSid Taiwan.
companies to safeguard the patients’ sensitive medical information.
In Japan, while hospitals have increasingly adopted electronic medical record systems in the past 20 years, the dissemination of this information remains low tech, or manual.
A patient in Kyoto who goes for a medical check-up at a local clinic and is referred to a hospital in Tokyo might need to bring along his medical records. However, with BaaSid’s system, the medical records from Kyoto can readily be accessed by doctors in Tokyo.
“BaaS is very suitable for this method of storing medical data for access by different providers,” says Otaka, the CEO of BaaSid Japan.
“But the data belongs to the patient”
…

For more information about this, go to “https://digital.emagazines.com".