Blockchain provides us with two key competitive advantages over off-chain organisations.
Firstly, through the decentralisation of data storage, we can deliver privacy, security and portability to businesses over their information. Each data access request to a Data Vault is explicitly authorised by the business.
We have also used blockchain to create an open protocol, through which businesses are incentivised for providing useful, structured data and FinTechs, Neo Banks and other financial services providers can access data.
We are developing Bright Network to be cross-platform, however our choice of platform for our Alpha is Ethereum.
Bright's Protocol enables business data to be stored and consumed in a structured and verifiable format designed for financial services.