In a post-COVID world, data will be incredibly important, and interoperability even more vital. Across nascent technologies, such as blockchain, there is massive potential for ensuring that platforms enable data interoperability. Yet it often goes unexplored.
Lack of data interoperability is restrictive to companies and consumers alike, preventing wider collaboration and technological advancement. Data interoperability not only encourages data freedom but also enables economic growth and business development.
What data interoperability is and why it matters
Data interoperability refers to the ability of platforms to deal with all data, adhering to a certain standard and system. This means that data is accessible across platforms, countries, organizations, and corporations. Clarke explains: “Wide-scale data interoperability requires many organizations both to agree upon standards and to invest in the necessary infrastructure.”
It also allows consumers to have more control over their own data, knowing where it’s being stored, who has it, and what control they have over it.
Interoperability involves putting data in standardized formats and adhering to global standards of data storage and exchange. It means that data can be transferred and exchanged on a global basis.
How do we ensure our data is interoperable?
Blockchain technology poses a significant opportunity for ensuring data interoperability. Blockchain-backed platforms can ensure that data is interoperable and compliant with global standards. It also acts as a centralised and trustworthy method of recording, securing, and tracking data.
Blockhead Technologies’ platform STAMP enables blockchain and data interoperability. It allows companies to track their data in a secure and decentralised method. The platform integrates with pre-existing hardware or software to reduce business disruption and ensure capacity for innovation.
Data interoperability is a requirement for the future of business and ensuring that companies worldwide provide fair access for their consumers. Interoperability eliminates the boundaries between data, business and consumer.
STAMP extends across multiple industries including mining, fuel tracking and precious metals accounting. You can find out more about STAMP here or contact us here for more information or a demo.