Get over identity theft issues using blockchain technology!!


Posted December 28, 2018 by Gallactic01

Have you ever thought when we make online purchase or use an online service, how will these organizations safeguard private information?

 
Have you ever thought when we make online purchase or use an online service, how will these organizations safeguard private information? Although, our information is secured, you never know if these centralized repositories can protect our identities against identity theft issues or not.
These problems usually occur because people favor convenience over privacy in many cases. We don’t read small print and do deep technical assessments before sharing information online. Most of us don’t want to remember a different password for each account or re-enter credit card numbers every time we buy something online. It’s high time to realize that we have actually transferred the ownership of personal details to be managed by business organizations.
Most of the times, individuals have no idea that their digital identities are at the risk of been hacked. They remain unaware until they decide to buy a home or take out a loan and find their financial lives in danger.
How blockchain empowers to take charge of personal identity?
Blockchain technology has turned out to be a powerful resource by allowing users to take charge of their personal identity. Records on a blockchain ledger will be immutable and provide accurate information whilst keeping the data safe against malicious acts by hackers or data custodians.
Gallactic- A developer-friendly platform
GALLACTIC is a credible developer-friendly platform with unlimited scalability. Speed of the block resolution is in mere seconds with minimum transaction costs and high degree of trust and security.
However, if you are all set to develop projects of your own or for the global GALLACTIC community, enjoy flexibility and set up your own blockchainon the GALLACTIC platform.
GALLACTIC public network serves various purposes and some of them are as follows:
• security for smart chains to checkpoint
• Enable safe transactions between other smart chains
• Serveas base chain for the GALLACTIC network token GTX
• Provide launch pad for new ecosystem Smart Chain Creation
However, if you want to overcome the issues being faced by existing blockchain platforms like scalability, interoperability and upgradeability considerGALLACTIC. It has turned out to be a robust and classy blockchain. The platform is capable enough to fulfill the commitments made to online and open source communities and worksas a reliable patform for blockchain adopters.
GALLACTIC comes with plethora of benefits such as:
• This platform lives up to the expectations of users in terms of integrity and interoperability
• It’s a user-friendly platform which makes consumer banking an easy affair
• It serves as a perfect e-commerce platform for businesses
• The system acts as a worthy resource for open source development blockchain projects that renders support in value passing and check pointing.
For more relevant details about the blockchain system, you must feel free to visit https://www.gallactic.io/

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048619
Singapore
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Issued By Adams
Business Address Level 58, Republic Plaza 9 Raffles Place 048619
Singapore
Country Singapore
Categories Blockchain , Business
Tags High performance blockchain , blockchain developer contract , Ethereum blockchain developer
Last Updated December 28, 2018