Risk Management in digital

Frankly, nothing is 100% bulletproof. It's just doesn't exist; products are 99.9% effective, service varies depending on numerous conditions. However, "risk" is a relative term; if a given technology can reduce risk while increasing efficiency, it's valuable.

Let's look at Fin-tech with block-chain.

Is block-chain bulletproof? Again, it doesn't have to. All it needs to do is to ensure the necessary investment to hack it would cost infinitely more than the valuables you will store in one unit. In short, block-chain is not your security weak-point, block-chain makes it strategically ludicrous to intercept data & attempt to manipulate the information within.

A Shark in the sea is a hazard, swimming with a shark is a risk.

The hazard exists as long as your data live, including offline mediums. Having it reside in block-chain is like swimming with the sharks equipped with the most advance anti-shark technologies. The first to understand how to manage such risk with this tech are the ones who reach the other side.

#digitaltransformation #blockchain #fintech #riskmanagment