In my effort to invent new ways to extend and expand the range of possibilities available to Executive Recruiters/Management Consultants, I am currently working on a fascinating project with Inventor Doug Peckover who was awarded priority rights to the invention of “tokenization” security in 2005. Doug’s invention is now widely used (in various modified forms) throughout the secure payments industry, and companies like ApplePay, SamsungPay, GoogleWallet, etc. all use tokenization methodologies to prevent fraud and hacking.
The difference with the approach used by Doug Peckover is that he envisions a world where quantum computer hacking will be possible in the next ten years… meaning that ANY form of cryptological security will become obsolete due to vastly superior combinatorial computation power.
Doug’s 17 patents, which I am trying to find buyer(s) for, will protect against quantum computers as well as a multitude of other threats. I see my role in this effort as a logical extension of the duties of a Headhunter, in that it is not only candidates, but ultimately the Intellectual Property that they produce that is our most valuable stock-in-trade.
So, I refer all readers (and especially anyone involved in the industry of IoT, Data Security, Cybersecurity, or Online Payment) to take a look at Doug’s article. Please contact me if you have further interest!
The best formatted version is https://www.linkedin.com/pulse/filling-leadership-vacuum-doug-pecko… but I also provide the text, below.
... Your world is about to change. In less than 20 months, a new EU privacy law will be enforced. It's called the General Data Protection Regulation and you should start preparing for it now.
The GDPR has tough new rules and even tougher enforcement that you can read in this excellent article by IBM's Monique Altheim. If you ignore the GDPR, your firm may be fined up to € 20 million or 4% of its global annual turnover. Doing business with EU customers will never be the same!
My interest in EU privacy came from two events:
I designed a solution calling it 'pointers' and seven months later the industry gave it another name: 'tokenization.' There are many legal GDPR issues, such as if you're allowed to collect personal data in the first place. I focus on the tricky part - how the collected data must be stored, accessed, moved, and deleted. Data management will never be the same!
Here are some of the things that my design anticipated and will be required:
There are parts of my design that are not required, at least for now:
Some firms like Google are fighting new EU regulations but they will fail because the EU has home field advantage and will not budge from this popular way to protect its citizens. But the GDPR is more than just about privacy - it's a way for EU companies to level the playing field with U.S. companies. For this reason, we can expect the regulations and enforcement to get even tougher for cloud data, mobile data, IoT devices, etc. We can also expect other countries to follow the EU's privacy lead as they have in the past. Embracing the GDPR will help your firm protect its international markets.
The GDPR will push you way out of your comfort zone, but so will the threat of quantum computers, the lack of control for cloud data, and patent trolls looking for creative ways to extort you. The good news is that tokens help solve all of these problems and yes, I've been granted patents that can help protect your firm.
Republished from LinkedIn: https://www.linkedin.com/pulse/you-have-european-customers-nicholas...
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