NGA HR partners with tech company to drive blockchain resources
NGA Human Resources, a global HR and payroll services company, has partnered with Gospel Technology, which was recently recognised as Salesforce Ventures’ first global investment in blockchain technology.
NGA HR’s products and services innovation team has been piloting Gospel Technology’s Enterprise Secure Data Platform, with a view to integrating this into its architecture to further strengthen its chain of data trust.
This first project, which will continue to run until March, enables the proof-of-value to be established by NGA HR, with the potential to add the platform as the unprecedented infrastructure layer of data access and security to NGA HR’s BPO payroll services.
Andy Monshaw, CEO of NGA Human Resources, said: “The greatest risk to any business is a data breach.
“Failure to protect PII can literally ruin an organisation’s reputation overnight. It’s for this reason that we’ve spent the past year looking at the potential integration of blockchain and other technologies into our own processes, and into our BPO HR and payroll services.
“It’s absolutely key to our business that we can give our clients and employees the assurance that their data is secured and accessible in the most trusted environment possible.”
The trust layer architected within the Gospel Technology solution will address the requirements of a growing number of organisations already stipulating unlimited liability for data breaches from data controllers and processors in their supply chains.
In July 2018, Ponemon Institute LLC published an update to its ‘Cost of a Data Breach Study’, highlighting continual growth in the costs associated with data breach incidents.
Respondents to the study are incurring an average cost of $3.86m per breach, coupled with a 27.9 per cent likelihood of a recurring material breach over the next two years.
Ian Smith, CEO of Gospel Technology, said: “We are really excited by this partnership with NGA HR and believe the results will demonstrate the business efficiencies, operating cost reductions and future proofing that the Gospel Technology solution brings to the business world.
“This partnership moves blockchain into enterprise use and demonstrates the real-world capability of the technology across differing vertical markets and use cases.
“In the NGA HR pilot, we’ve proved as a partnership that using Gospel Technology to manage data correctly and contextually enables simplification and enforcement of data security, privacy and ethical handling in line with modern regulations and customer expectations.”
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