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Blockchain Can Take Friction Out of PCI Compliance

In the News / By Payments Source / Aug 26, 2019

As data breaches continue to threaten brands, reputations and bottom lines, PCI compliance is an indicator that enterprise data security leveraging distributed ledger architecture is no longer just a concept, but is now in the hands of business.

Summary

As data breaches continue to threaten brands, reputations, and bottom lines, PCI compliance is an indicator that enterprise data security leveraging distributed ledger architecture is no longer just a concept, but is now in the hands of business. While the norm has been to encrypt transactions and cardholder data against fraud, this new approach takes that data, tokenizes it to render it illegible, and then splits it into fragments that are randomly spread across separate server nodes. It goes against conventional cybersecurity thinking, but with breaches now commonplace, this is exactly what is needed to protect data.

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