Pikcio to showcase blockchain innovations at GITEX

Pikcio, a winner of VISA’s Everywhere Initiative, has announced its participation at the upcoming GITEX Technology Week on 14th to 18th October in Dubai.

The company will be participating at the technology show as part of the Business France pavilion.

Customer data is the Internet’s new currency. For companies, collecting, authenticating and protecting their customers data is an effort amounting to billions of dollars each year. Traditional data handling solutions are not built with newly implemented, data protection legislation like GDPR in mind, resulting in an increase of processing costs and time as well as poor customer satisfaction and ROI.

Pikcio has developed a customer data exchange platform on its own custom built, fully GDPR compliant blockchain, that seamlessly solves all these issues.

Pikcio is able to offer 100 percent digital native solutions for every organisation facing complex processes to collect, verify and exchange customer data.

“For businesses, our fully GDPR compliant, customer data exchange has many benefits,” said the company. “It is customisable, it permits companies to benefit from a non-invasive infrastructure, a reduced third-party dependence and a stronger, faster & cheaper user identification. It eliminates redundancies & enhances data collaboration across departments and business lines.”

Pikciochain is a data agnostic platform, in order to manage and handle a wide range of use cases and products. It handles both corporate and personal data. The first solutions have been developed in the banking, insurance and health care sectors. However, Pikciochain is an open platform where every corporation can create its own solution.

As an example, for the banking and insurance sectors, our shared ledger platform benefits all stakeholders by :

  • Enabling greater transparency :

Immutable ledger that enables sharing of KYC information across banks

  • Reducing operational inefficiencies :

Reduces customer onboarding time by 50-75 percent and enhances customer experience

  • Ensuring up-to-date customer data:

A single source for customer data reduces potential for fraud.

Founded in 2014, Pikcio is present in 10 different countries including the US, Japan, and France. The company’s MENA operations is run from Bahrain Fintech Bay.

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