Joe Ehrhardt, CEO & Founder, participated in a roundtable discussion with other Arkansas business leaders discussing the future of blockchain and data privacy. Blockchain technology can affect a wide range of industries from trucking to banking, and the most important thing to protect with this technology is the privacy of the consumer’s data.
Ehrhardt highlighted this need for privacy during this roundtable discussion saying, “There are definitely uses for blockchain, but how do you keep it secure? Security is always top of mind, especially if you let other people outside of the trusted bank hold data.”1
For those in the financial technology industry, the number one priority is protecting the consumers data, and our community banks rely on those in fintech to accurately and securely store consumer data. Trust is the foundation of any relationship with community bank’s and the ability to protect consumers data safely is the first step in building that trust.