Global Issues & Privateum Solutions
03 September 2021 - 12:31PM
NEWSBTC
Let’s have a look at the world’s biggest challenges, and how
Privateum can be a pioneer in solving them. Privacy Issues
‘’PRIVACY is one area where the market appears to have failed, at
least to some extent. Many firms sell personal information without
the subject’s knowledge or consent. An increasing number of
websites providing notice and to a lesser extent an opt-out.
Instead, we have consistently balanced the benefits of privacy
protection against the costs of providing it. There are objectives
which often conflict with privacy.’’ – Robert E. Litan We have lost
sight of what PRIVACY means because we are trapped in a global
surveillance society. Securing data in the current information age
is one of the biggest concerns across all industries; however, the
financial services industry is a primary target as it deals with a
significant amount of confidential client and customer data for
daily business transactions. Financial service providers are now
facing data breach risks not just from internal and external
attacks, but also from unintentional mistakes. In the light of
current challenges, Privateum has created The First Legally
Protected Private Assets Management System, where the members
of Privateum ecosystem have their assets and transactions
managed on a secure and private network, that is to say, the
network is operated under a legal umbrella. Scams and Criminal
Activities Freedom comes with responsibilities. When we give
freedom to do what everyone wants, it opens opportunities for
criminals. It is well known that Internet technology and the
development of cyberspace have taken society to the next level of
economic evolution. It has no centralized governance in either
technological implementation or policies for access and usage. It
has no geographical or political boundaries and can be accessed
from anywhere in the world from a multitude of devices. While
cyberspace has revolutionized nearly every aspect of daily living,
it has also created a wealth of new opportunities for crime.
Millions of people are now affected by online criminal behavior
such as. Cryptojacking – infiltrating systems to hijack computer
power and mine for the crypto 51% attacks – infiltrating systems to
get 51% access to public blockchain network clients to steal crypto
from holders ICO scams that fool thousands of people – 80% of ICOs
are scams and $9 million is being lost each day because of
cryptocurrency scams. Whereas, Privateum’s Ghost Network™, which is
based on ‘’consortium’’ blockchain technology, ensures that even if
the network is hacked, attackers will not be able to control
transaction data and perform fraud operations. The network is
authorized only for the members of Privateum that have
well-established relationships with legal entities (Partners of
Privateum Ecosystem). Global Economic Crisis It’s impossible to
confront personal, economic, natural, marketing, innovation, and
knowledge management challenges alone. Privateum Initiative is
based on the powerful idea that a group of people can achieve goals
and overcome global challenges. It is well known, while the global
economy keeps getting more efficient and generating more value,
most people are getting a smaller and smaller portion of it. Big
corporations continuously swallow the world. The investor-owned
companies that dominate our economy are geared to maximizing
shareholder value, more than pleasing customers, creating jobs,
supporting communities, or benefitting societies and ecosystems.
Considering the current context, Privateum has adopted a
community-based and sustainable business model, called a
Cooperative Business Model, which aims to build a United
Cooperative Financial Infrastructure to take the production power
back from huge corporations. It will provide Legal, Financial,
Technological, and Innovative support to Privateum members to grow
and expand their businesses globally. Privateum Products and
Services –United we are stronger. Privateum provides FREEDOM
and PRIVACY in a protected ecosystem. Its blockchain-based
solution is protected with KYB and KYC products. Where the legal
partners verify each member or business partner before giving them
access to the platform. Privateum platform provides the following
solutions: Legal umbrella from illegal invasions for our
cooperative members and business partners Cooperative members asset
exchange, without any taxes or transaction fees Members’
subscriptions for local goods and services to support local
business partners Global business expansion within our trustworthy
partners’ network Technological, innovative, and financing support
programs for our partners’ business growth Investment opportunities
from our asset management programs Opportunity to get shares from
our cooperative profit Cooperatives contributed to the public
finances a higher percentage of the value they generated than
shareholder corporations did. It is crucial that we think and speak
clearly about privacy because the way we think about it today will
inform how it is enshrined in legislation, policies, textbooks, and
technologies tomorrow. Start designing your secure future in
present – PRIVATEUM
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