Omnibasis is the cloud operating system for your business

Coming May 2018, users in European Union and United States will start asking businesses about their consent. It is a BIG DEAL! New GDPR laws create much stricter rules for getting and managing user consent on organizations and businesses regardless of their size. Here are a few questions and answers to help your business achieve compliance with GDPR to avoid fines of up to €20 million. What will GDPR mean for your business? How will my business need to be compliant with GDPR and the tougher demand for user consent? GDPR prohibit all processing of personal information without lawful reason. The new requirement requires you to make it lawful by asking each and every individual for consent to process their personal information. How my business does collects user consents? Forget those lengthy terms of service. Thanks to the new law, no more reading through legal mambo jumbo, and who reads it besides the lawyers anyways. User consent cannot be buried in those leng...

Join the Data Privacy Network. Together, with enterprises, consumers, integration partners and payment providers we'are meeting the Internet's challenge to protect consumer data privacy. The Omnibasis platform uses the Blockchain for mission-critical data. The platform eliminates the opportunities for fraud and lack of transparency when it comes to the access to private data and in turn, removes the incentive to misuse private data. Omnibasis cloud based platform creates a Circle of Trust between businesses, consumers, integrations partners and payment providers. Personal Data Access is secured by Blockchain and Smart Contracts. Within the Circle of Trust, personal data can only be accessed and shared with the consumers consent and explicit permissions that are managed by contracts securely stored on the Blockchain. Trusted Data Privacy Network For Enterprise - b usinesses large and small, have to comply with new more stringent laws requiring them to protect consume...

The limitations of traditional data practices and the negative issues associated with "sharing" your personal data has created the need for a cost-effective solution that enables enterprises to use the Internet and a secure distributed network like Blockchain as an efficient and effective means to manage data privacy in terms of access and use of personal data.  New likes like GDPR and US data privacy laws regulate the collection, storage, use and sharing of “personal data.” Personal data is defined very broadly under the law as any data that relates to an identified or identifiable natural person. And even personal data that has been pseudonymized can be personal data if the pseudonym can be linked back to a particular individual. The Omnibasis platform uses smart contracts for storing and sharing consumer preferences, consent and permissions (PCP) on the Blockchain. The smart contract is unlocking access to personal data only as agreed with the consumer, on an ad-hoc ba...

According to January 2018 survey by MediaPro over 50% of United State employees never heard of GDPR. This lack of understanding among the average U.S. employee could prove costly.  Fines for GDPR non-compliance could total up to 4 percent of an organization's annual global turnover or $27 million U.S. dollars, whichever is greater. The GDPR, which any organization worldwide must comply with if they handle the personal data of EU citizens, goes into effect May 25 this year. REQUIREMENTS OF THE NEW GDPR LEGISLATION This new laws imposes a wide range of requirements on organizations that collect or process personal data, including requirements to comply with key principles of consumer data protection and fairness. New privacy laws across the world Transparency, fairness, and lawfulness in the handling and use of personal data. Businesses will need to be clear with individuals about how they are using personal data and will also need a “lawful basis” to process t...

2017 marks a new era of data breaches , identity theft and connected devices security breaches, with high profile cases like Yahoo, Equifax and Uber just to name few.  The governments across the world are striking back with more stringent data protection regulations, such as the General Data Protection Regulation (GDPR) in the European Union (EU) and similar regulations are in works in the United States and other countries across the globe. On the one side, consumers face unprecedented levels of data theft, privacy violations and feel increasingly violated and vulnerable, while at the same time, businesses are facing the challenge of higher complexity to securely store and protect consumer private data, preferences, consent and permissions. A MASSIVE AMOUNT OF CONSUMER DATA IS COLLECTED AND CONSUMER PRIVACY IS AT STAKE AROUND THE WORLD Consider these projections from a report by Computer Science Corporation (CSC) calculating the amount of data that will be generated and...