We are living in an era of truly remarkable change. Industries and enterprises are being transformed by new technologies. Incumbents are being disrupted. Disruptors are redefining markets and transforming customer expectations. With more than half the world’s population now online, organisations seeking to remain relevant are relying on digital technologies to underpin access to, and meaningful engagement with, their markets. This rapidly expanding connectivity is in turn amplifying the impact of bad actors. The increasing sophistication and frequency of cyber-attacks, as well as the increasing impact of basic human error, are heightening concerns about privacy. Violations of privacy are driving a new focus from regulators around the world, each mandating new rules and data rights to both protect consumers and sanction increasing criminal penalties for data breaches.

Global economies have been able to thrive based on the existence of trust between transactors in an exchange. The future of open government and the open enterprise is heavily dependent on the existence of digital trust. However, current technologies are providing inadequate protection to the privacy, misuse, or theft of sensitive data. This is the acute and unresolved challenge facing the digital world. The core digital stakeholders (consumers / enterprises / regulators) are all seeking a solution to the inherent weaknesses of the current digital trust model. Addressing the weaknesses will require redesigning the foundations of digital trust which involves:

At the core of the Haventec proposition is a remarkably simple idea, beautifully executed – protecting digital identities from harm, and keeping ‘data that matters’ safe – the key foundations for digital trust. Haventec have developed a suite of technologies that eliminate the need to centrally store sensitive credentials and data, providing the ultimate preparedness for when the enterprise is breached. Due to the decentralised nature of these innovative technologies, the sensitive data and credentials currently stored centrally are not there.

Haventec delivers a haven for sensitive credentials and data.

1. For consumers and citizens, it provides them the capacity to extract value from their personal digital transaction data while maintaining their individual right of privacy.
2. For governments and regulators, it provides a credible alternative to the current approaches adopted for protecting the sensitive data of individuals, promoting the safeguarding of the broader interests of society by sanction for mass data and credential breach.
3. For digital suppliers and data custodians, it allows them to extend controls to their customers, placing them in charge of how their data is shared and used. It eliminates the risk of mass credential and data breaches and provides additional controls to the enterprise to better manage regulation of individual privacy that is in the best interests of the business, its shareholders, the Boards of Directors, and their customers, thereby strengthening trust.