AI Needs Data More Than Data Needs AI
In today’s fast-paced digital age, the buzz surrounding artificial intelligence (AI) and its transformative potential has reached a crescendo.
Vincilium Launches DLT Use Case POC Advisory Services – Bloclab
Union, New Jersey–(Newsfile Corp. – August 9, 2022) – Vincilium’s BlocLab offers services around advisory and end-to-end implementation of proof-of-concept and pilot projects for organizations who are eager to explore Distributed Ledger Technology…
Vincilium launches BlocData – DLT based Master Data Management product
New Jersey, 01/01/2022: With DLT as core of its product designs, Vincilium launches master data management product which focusses on eco system collaboration instead of centralized and heavy governance-based approach. BlocData helps organizations’ reference data management problem by a) Creating golden copy of data set through collaboration and distributing it in real time to ecosystem members.b) Provide seamless integration using Rest API and GraphQL for consuming and contributing to the golden copy in real time.c) Eliminating need of end of day reconciliation by enabling concurrent working of various systems on same data set. Product Video can be seen at : https://youtu.be/8oopq2ny47Y About Vincilium Vincilium is a global provider of cloud agnostic DLT based products for Data Management, based out of New Jersey. With products and frameworks ready to be deployed, Vincilium is set to demystify, simplify, and accelerate the adoption of Blockchain technology for its clients. www.vincilium.com Media Contact: Krzysztof Korecki Chief Product Officer kkorecki@vincilium.com
Virtusa Corporation and Vincilium sign teaming agreement to bring disruptive innovation in Data Management using power of Blockchain
New Jersey, 01/26/2022. Virtusa Corporation and Vincilium have entered into a strategic teaming agreement that will accelerate the adoption of blockchain in financial services. The agreement brings together the vast implementation experience of Virtusa and depth of Vincilium’ s blockchain products; enabling a fast-paced industry adoption of Blockchain as mainstream technology. “Virtusa’s drive to bring cutting edge innovation to its clients is inspiring and we are excited to help Virtusa with this journey”, said Rohit Sehgal, Founder of Vincilium. Vincilium offers end-to-end DLT based platforms that are designed to transform business ecosystems into frictionless Enterprise Shared Ledger, enabling consistent data flow, data storage, and data reconciliation About Vincilium Vincilium is a global provider of cloud agnostic DLT based products for Data Management, based out of New Jersey. With products and frameworks ready to be deployed, Vincilium is set to demystify, simplify, and accelerate the adoption of Blockchain technology for its clients www.vincilium.com Media Contact:Krzysztof KoreckiChief Product Officerkkorecki@vincilium.com
It’s Time To Reinvent Data Reconciliation
There is a need to look at data reconciliation from a broader perspective, beyond just matching records in a nicer and faster way with a better UI. Solving reconciliation problems is not just about the tool.
More Than Just a Buzz, Vincilium Strives to Transform the Data Management Landscape through Innovation and Blockchain Technology
With how quickly technology has improved over the last two decades, the digital space has also transformed into ecosystems, requiring businesses to strengthen their data management. However, the task is…
If Smartphones Exist, Then Why Not Smart Business Products?
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The Five Winning Attributes of a High-Quality Software Product
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Does Your Data Strategy Have You Walking Through The Trees But Looking For The Forest?
We don’t need to build a new forest, as we’re already in the data forest—we just need to realize it.
Blockchain – Data Governance 2.0
For most, Blockchain is associated with crypto currency, digital assets, tokenization, and decentralized finance – DeFi. A paradigm shift in the way we look at the transfer of assets – Value in Store. But, once we look at the underlying technology of Blockchain, beyond the shining layer of digital assets, a wave of new opportunities emerges, which has potential to solve some of the decades-old problems haunting every back office– Data Governance. In the last few years, organizations have spent millions on Data Strategy. This led to a great success in collecting data and applying it to uses that go far beyond just reporting. But Data Strategy did not address Data Governance from end to end effectively and did not excite or incentivize participant members and data sources enough to make it a true collaborative effort. However, Blockchain,also called Distributed Ledger Technology, is here to fill up this gap and noticeably compliment Data. For our purposes here, we consider data governance as all those processes and systems that ensure high-quality data across organizational units, provide data security, increase consistency, and manage regulatory risks. At the core of it, blockchain technology ensures that responsibility of keeping data consistent does not lie with just the owners of database. The life cycle of data, from its inception to current state, is validated by the participants at every step and any disruption in the consensus step will stop the data from going further up in its journey. Another important aspect of Data Governance is data ownership. In traditional Data Strategy world “Who owns the data?” is still a million-dollar question. Once it is in lake and ready to be extracted or analyzed, who is accountable for the quality and integrity of the data and is it fair to expect Data Lake/Big Data team to own it and understand it for every participant business? Blockchain provides an easy answer. There is no single owner of the data! Multiple enterprise data models will converge, collaborate, and partner in production of immutable, co-owned, golden copy of final state of transaction – the Enterprise Shared Ledger. Blockchain technology is tailor made for data governance. The potential to take the full audit trail of the data, along with its rules and embed it into the metadata, solves a wide range of data governance issues. Additionally, because blockchain networks constitute of cooperating peer organizations, they are suitable for the eco system where data governance is a common objective for mutual benefits, cross business data sharing as well as regulatory requirements of the data ownership. As with all technologies, there are some compromises made and workarounds to be created before considering it, but blockchain databases may well become the core of Data Governance 2.0. Vincilium will focus on converting the expensive, disjointed ecosystems of capital markets into seamless, collaborative, and secure Distributed Ledger Networks with main emphasis on interoperability and co-existence with legacy platforms