{"id":417902,"date":"2021-01-20T10:13:46","date_gmt":"2021-01-20T15:13:46","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=417902"},"modified":"2021-01-20T10:13:46","modified_gmt":"2021-01-20T15:13:46","slug":"tripleblind-expands-into-asia-pacific-to-accelerate-data-collaboration-opportunities-among-enterprises","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tripleblind-expands-into-asia-pacific-to-accelerate-data-collaboration-opportunities-among-enterprises\/","title":{"rendered":"TripleBlind Expands into Asia Pacific to Accelerate Data Collaboration Opportunities among Enterprises"},"content":{"rendered":"
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New Data Privacy and Clean Room Solution Creates Growth Opportunities through Monetizing Highly Regulated Data, Available Now through AFIN\u2019s API Exchange Marketplace; Names Alvin Tan Director of Business Development, APAC<\/p>\n

KANSAS CITY, Mo., Jan. 20, 2021 (GLOBE NEWSWIRE) — TripleBlind<\/u><\/a>, creator of a rapid, efficient and cost effective data privacy and clean room solution based on breakthroughs in advanced mathematics, announced today its solution is now available for enterprises operating throughout much of South Asia and Australia. TripleBlind enables enterprises to enforce the most current data privacy standards, such as Singapore\u2019s Personal Data Protection Act (PDPA) and is initially available through the ASEAN Financial Innovation Network<\/u><\/a> (AFIN) API Exchange (APIX) Marketplace.<\/p>\n

\u201cASEAN economies are projected to double GDP between now and 2030, reaching $4 trillion, with 140 million new consumers and representing 16% of the world\u2019s consumers,\u201d said Riddhiman Das, co-founder and CEO of TripleBlind. \u201cWe see an outstanding opportunity to work with enterprises to leverage and monetize the regulated data they possess to take advantage of the opportunities this growth creates.\u201d<\/p>\n

\n TripleBlind Commits to APAC<\/strong>\n <\/p>\n

Asia Pacific-based enterprises have recognized the possibilities of growing their businesses by leveraging all available data while working to comply with the increasingly complex and rigorous data protection and cybersecurity compliance required by different countries. The unique nature of TripleBlind\u2019s technology platform allows organizations to stay compliant with PDPA, General Data Protection Regulation (GDPR) and other regional data residency regulations.<\/p>\n

Additionally, to drive TripleBlind\u2019s expansion into the Asia-Pacific region, the company has brought in Alvin Tan<\/u><\/a> as director of business development, APAC. Alvin has nearly a decade of experience developing, executing and managing sales and business strategy in Asia, Australia and the U.S.<\/p>\n

\u201cTotal worldwide data is expected to swell to 1<\/u>75<\/u>ZB by 2025<\/u><\/a>; the sheer volume of untapped data in the Asia-Pacific market has the power to create unprecedented growth opportunities for businesses around the world,\u201d said Tan. \u201cTripleBlind\u2019s next-generation cryptographic, efficient and scalable data privacy and virtual clean room solution allows Asia-Pacific financial institutions to stay compliant with different regulatory standards by preserving privacy and security of raw data.\u201d<\/p>\n

\n Collaboration with AFIN\u2019s APIX Marketplace<\/strong>\n <\/p>\n

TripleBlind will initially be available through the APIX Marketplace, a global cloud-based platform that enables financial institutions and fintech companies to discover one another on a curated global marketplace, design experiments collaboratively and deploy innovative solutions quickly at a lower cost. It also includes the APIX Global Fintech Marketplace where a member can ideate on business problems and search for pre-built solutions.<\/p>\n

\n How TripleBlind Works<\/strong>\n <\/p>\n

IBM estimates that enterprises are unwilling to share 93% of their data with other companies for collaboration purposes due to government regulation and privacy concerns. TripleBlind turns this \u201cdark data\u201d into a valuable revenue source without introducing risk or liability, enabling novel AI\/ML\/analytics applications. TripleBlind allows enterprises to collaborate and gain new insights from regulated and private data, without decrypting it.<\/p>\n

TripleBlind\u2019s next-generation cryptographic, efficient and scalable data privacy and data clean room solution replaces the three most common workarounds to this problem today: complex legal contracts that stifle collaboration, data anonymization and identification solutions, and other technologies such as homomorphic encryption, differential privacy and secure enclaves.<\/p>\n

\n Potential Market Benefits<\/strong>\n <\/p>\n

TripleBlind\u2019s rapid, efficient and cost effective data privacy and data clean room solution unlocks new opportunities in a wide range of applications, such as:\u00a0<\/p>\n