LANDSTAR INC (OTCMKTS:LDSR) Prepares for EU Regulations to Take Effect

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LANDSTAR INC (OTCMKTS:LDSR), dually billed as DATA443 Risk Mitigation, Inc., enables secure data across local devices, network, cloud, and databases. The company’s ClassiDocs™ data classification and governance technology, supports over 200 file types and 400 databases.

The company also specializes in General Data Protection Regulation (GDPR) product offerings. GDPR is a new EU measure aimed at strengthening and unifying data protection for EU citizens at home and abroad, and it goes into effect next week (05/25).

LANDSTAR INC (OTCMKTS:LDSR) has this week announced regular availability of its API infrastructure for its award-winning ClassiDocs™  product to support advanced regulations like the GDPR and privacy legislation within the growing blockchain ecosystem.

The use of blockchain technology is rapidly moving beyond cryptocurrencies and into realms where personal data is stored and shared. This means blockchain environments and the organizations that operate within them are subject to data privacy regulations. ClassiDocs powers classification capabilities for personally identifiable information (PII) and other information sets within blockchains, which in turn enables organizations to perform discovery, response, and remediation actions based on compliance mandates.

“Since we announced our initial blockchain capability at the 2018 RSA Conference in San Francisco, we have augmented the implementation with additional PII detection capabilities that are key for GDPR and privacy compliance enablement,” said Jason Remillard, CEO and founder of Data443 Risk Mitigation, Inc. “Because we have been a Ripple validator for months, we implemented this new capability within the Ripple framework. Ripple has a long history and proven success in the financial services and enterprise marketplace, which is key to many of our target markets. ClassiDocs™ addresses these data compliance capabilities with generic and explicit PII recognition capabilities coupled with inherent Machine Learning capabilities for specific PII. It’s a first and one-of-a-kind offering for the blockchain ecosystem that companies can begin to use immediately.”

 

 

Data443 launched public and validated “Validator” services in February 2018 to support the function and transactions of Ripple’s ecosystem. But distributed ledger is only one segment of the rapidly growing blockchain-enabled marketplace. With Data443’s ClassiDocs™, organizations and entities that use blockchain technology to store and share personal data, such as health records or taxpayer information, can enable compliance capabilities and data security requirements with GDPR and Payment Card Industry (PCI) data security standards.

The specific features include the ability to scan authorized transactions of participating partners, and apply classification, reporting, repudiation and governance actions related to the data set. It also enables corporate policies for retention, audit and compliance requirements. (Source: Globe Newswire)

According to the MarketsAndMarkets.com report “Big Data Security Market by Software Technology, Service, Deployment, Organization Size, and Industry Vertical- Global Forecast to 2022” the big data security market size is expected to grow from USD 12.22 Billion in 2017 to USD 26.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.1%. The key factors driving the overall big data security market include evolving regulatory landscape, increasing variety and volume of business data generated from various sources, and increasing cyber-attacks demanding scalable high security solutions.

LDSR is preparing to fit right into that market and carve itself out a slice with the ClassiDocs platform, amd we’re eager to continue to track its progress. We’ll stay up on any further developments with LDSR and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!

 

 Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in LDSR stock, short or long.

 

 

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