Instant settlements, better financial products including rotating savings and credit association ROSCA, reduced counterparty risk, improved contractual performance, increased transparency, reduced fraud via self sovereign identity and money transfers.
Data Privacy & Security
One of the biggest issues with data security is that many governments restrict third parties from accessing their citizens data. However, we can manage these concerns with the use of CMEK (Customer Managed Encryption Keys).
If you need more control over the keys used to encrypt data at rest within a Google Cloud project, several Google Cloud services offer the ability to protect data related to those services using encryption keys managed by the customer within Cloud KMS (Key Management Service).
These encryption keys are the CMEK, and when you protect data in Google Cloud services with CMEK, the CMEK key is within your control.
Using CMEK gives you control over more aspects of the lifecycle and management of your keys, such as (but not limited to) the following abilities: