Author: Jagdish Kumar, India
Singapore based Zagg Protocol TM, an infrastructure protocol built to disrupt the GBRL Industry (gift cards, benefits, rewards & loyalty) has announced that it has signed a strategic partnership with Zebi, a Blockchain based big data solutions provider.
The company said that this will enable both the companies to help organizations in securing high-value sensitive data and work collaboratively to drive their business performance more effectively.
Currently, EduHash, HashNet BitEco and MF Chain is already using Zagg protocol for its operations, other than the beta partners namely, Zaggle, Mobikon, eYantra and YI Mobility.
Zagg Protocol TM is an infrastructure protocol which addresses the problems in the current GBRL ecosystem and creates a friction-less environment where GBRL assets can be transferred seamlessly.
Speaking on the occasion, Zagg Protocol TM founder Raj N Phani said, “The strategic partnership with Zebi will focus on leveraging our core competences to engage closely with the customers and help them in securing their data from unauthorized access. Secured storage of sensitive data is extremely important in today’s business environment to build trust and reputation.”
“This partnership will be a step towards ensuring secure storage and leveraging of high-value confidential data in the combined ecosystem,” Phani added.
India based Zebi specializes in providing blockchain based solutions to governments and enterprises to leverage and protect their high value and sensitive data.
The company boasts of safeguarding data against hacking and tampering, while obtaining consent from individuals and has created a Blockchain driven holistic solution to make high value and sensitive data readily available for legitimate use.
The partnership will enable both Zagg ProtocolTM and Zebi to offer better security and efficient data management across spectrum, the statement released by the Zagg statement said.
“The partnership with Zagg Protocol TM will help us to broaden the ecosystem and extend our solutions to multiple industries like education, hotels, telecom, etc. This alliance will broaden the data access and help streamline the on-boarding and retention process making it more effective and beneficial for all stakeholders,” Zebi Founder & CEO Babu Munagala stressed.
Accroding to Zebi website, India’s big data generation is increasing exponentially and is expected to reach 3 Zebibytes per year (Zebibyte = 1024^7 bytes) by 2020, driven by continued growth of internet usage, social networks, proliferation of smartphones, as well as the digital initiatives and structural reforms undertaken by the government.
At the same time, incidents of data crimes such as data hacks, data leaks, data tampering, identity thefts are on the rise, which are costing Indian organizations and consumers more than $30 billion annually, the website adds.
Zebi in January 2018 launched its flagship product, Zebi Chain.
Image credit: knowstartup.com