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en:problems:pdweb:regulation
 
 

Legal and regulatory risks

  • Industry-specific regulations for healthcare providers and financial services may require varying degrees of IT and database centralisation for data-security reasons, but with the ongoing discussions about bringing services closer to the community to improve quality, access and equity, and to empower local agencies, increase innovation and efficiency for bringing back healthcare and decision-making as close as possible to where people live and work …
  • In particular, GDPR compliance is considered undoable with decentralised systems by many and the risk high: Unlike HIPAA, which has a maximum fine penalty of $1.5 million per year for violations of an identical provision, GDPR fines can cost up to €10 million, or 2% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher. Yet a dweb solution combined with a capable distributed search engine actually makes the involved processes more doable by being able to ingest all structured and unstructured information from the entire corpus and search it all for Personally identifiable information (PII) using NLP techniques and tools (at the cost of first setting it all up and the usual initial dip of performance during such a change).

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en/problems/pdweb/regulation.txt · Last modified: 2020/03/09 10:58 by Digital Dot