Revera partners with Nyriad to deliver blockchain Govt pilot
- 05 December, 2017 16:17
Revera has joined forces with Cambridge-based advanced software company, Nyriad, to drive blockchain adoption across New Zealand Government departments.
Terms of the partnership will see the creation of an offering capable of allowing agencies to manage sensitive data using blockchain digital ledger technology.
The pilot launched this week following three years of testing and development, allowing government organisations to test data sets using Nyriad’s real-time blockchain software platform delivered from Revera’s AoG-certified Homeland Cloud.
Billed as a “world-first” cryptographically verifiable cloud service for real-time big data applications, the pilot backs plans to provide next-generation IT platforms capable of simplifying information management for agencies across the country.
According to Revera CEO Robin Cockayne, government agencies face growing risks as they deliver more data-rich services.
Because while encryption had largely prevented criminal activity such as identity fraud and manipulation, Cockayne said blockchain technology made breaches from within or without the system “all but impossible”.
“Traditional data-sharing practices place a huge tax on large organisations, requiring massive resources to maintain the security and integrity of data,” Cockayne added.
“Blockchain protocols are the building blocks of smart data, introducing a secure system to automate sharing when certain conditions have been met. It may even allow citizens to manage their own information kept by government.”
Cockayne said blockchains are “inherently resistant” to data modification, providing an open, distributed ledger that records transactions between two parties in a "verifiable and permanent way".
Based in the Waikato region, Nyriad specialises in exascale computing in advanced data storage solutions for big data and high-performance computing.
Nyriad founder and CEO Matthew Simmons said the company’s real-time blockchain storage technology was the first platform in the world that enabled public organisations to prove they were handling information in a way that satisfied strict security standards and facilitated real-time data sharing, openness, and collaboration.
“We believe this pilot will demonstrate that IT trust can be built with our real-time Blockchain File-Systems,” he added.
Simmons said Nyriad has fielded enquires from several European governments looking for technology that supported auditable international data exchange and inter-governmental collaboration.
Specifically, Simmons said interest stemmed from EU legislation called the General Data Protection Regulation (GDPR), which aims primarily to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.