Public registers are one of the cornerstones of any governmental activity. Without electronically managed civil registers as well as company and land registers, public authorities would hardly be able to act. Furthermore, the data contained in these registers are often necessary components of digital citizen identities, which have already been introduced in many European countries (e.g., Estonia) or are about to be introduced (e.g., Austria).
Therefore, the integrity of such registers is not only of utmost importance due to their initial purpose. It also serves to protect digital identities. It is thus highly disturbing that many international studies (such as KPMG, Cyber Securi-ty in Austria 2019) highlighted the systematic theft and misuse of digital identities as the cyber risk with the highest probability of occurrence. It seems therefore very ques-tionable if the required protection and cyber-resilience can be maintained with known database structures and established security measures.
Many European governments have thus identified blockchain technology as a proper in-strument for securing public registers. This is where our Wider Digital Trust technology comes into play by combining the strengths of blockchain technology and established data base structures. It may serve as a decentralized protection for public registers while being fully customizable.
We would be happy to give you more information about this use case and a possible implementation in your company at any time, just contact us!