Fetch.ai, a modern high-performance blockchain providing a practical and functional framework for building customized decentralized artificial networks, has announced the release of DabbaFlow.
In a recent press release, Fetch.ai said DabbaFlow is a ready-made, end-to-end encrypted file-sharing system accessible to businesses and individuals who want to securely transmit critical business or personal files. The tool will also serve as a data management tool, providing clients with a reliable blockchain-based portal for cheaply transferring data at any time.
According to worrying statistics, there was a spike in data breaches in 2021. This was attributed primarily to a shift in working models following the effects of the global pandemic that forced individuals and businesses to migrate online for continuity. This trend is now the norm. Therefore, with increasing digitization and startups uploading vast troves of data online, care should be taken to prevent unauthorized access.
This is necessary because even amid this migration, some businesses didn’t thoroughly assess their choice platforms leading to reputation-damaging data breaches. In some instances, the loss of critical personal data in sensitive sectors such as healthcare, finance, and retail permanently damaged their cash flow as deals were halted.
The team behind Fetch.ai is cognizant of the importance of ensuring private data remains, as intended, confidential and secure. By launching DabbaFlow on Fetch.ai, they are directly providing clients a guarantee that the tool is highly reliable and that all data flows are auditable in the transparent network. Users who choose to leverage DabbaFlow will have a dependable shield to keep their data private, guarding their reputation and increasing user confidence in the age of digitization marked by data-pervious conduits.
According to Humayun Sheikh, Founder and CEO of Fetch.ai, DabbaFlow is a timely tool released when people are beginning to realize how valuable their data is.
“If data is the new oil, we need rigs and refineries that keep up with the times. People are beginning to understand how valuable their data is. With the paradigm-shifting towards more secure and decentralized solutions, new business models are emerging. DabbaFlow is here to provide the data management tools to create powerful AI models relevant to a distributed web.”
DabbaFlow will prove an indispensable tool to clients considering its design and reliance on a secure base layer. The tool integrates multiple layers of encryption, has high performance, and will provide Fetch.ai’s CoLearn an auditable base with robust controls.
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