Trust in governments and businesses was already strained heading into 2020, but the global pandemic has ripped trust in two different directions. The pandemic shows that trusting others with information and media control can protect us, but information control can also be used against us. As targeted social media and fake video technology further erodes trust, blockchain technology is becoming a promising tool to help replace it. Symbol blockchain is an especially practical and efficient way to ensure that any file or data is authentic and hasn’t been tampered with. It has potential uses in online IDs, source verification, and all kinds of information media.
Data management and security are critical issues for nearly every company today, and their importance is accelerating with no end in sight. How can a company make sure high value company and user accounts are protected from both external and internal misuse? How can they ensure that one security breach won’t compromise all their other data? How can they ensure that security features aren’t so inconvenient that users ignore them?
Symbol can simplify logistics and reduce cost and complexity across supply chain management. Imagine a single, trusted, source of records that shows the entire chain of custody and who signed off each step of loading, shipping, and inspection. With Symbol it is easier to keep track of goods, ownership between partners and to verify their authenticity to make global trade frictionless.
Hybrid solutions enable the best features of both public and private chains. Track digital tokens, assets, or records on the public chain while keeping your private data secure off network. Save on transaction fees by keeping business logic on your private chain and, transaction records on the public chain.