OPEN APP
Home / Brand Stories / The future of blockchain with BikData CEO Franzua Rudder
BRAND POST
Listen to this article

People all over the world are talking about blockchain technology, which was popularized in 2008 by a person, or group of people, under the name Satoshi Nakamoto. The technology has only gained popularity since then, and is most notable for being the foundation for Bitcoin and other digital currencies.

By the end of 2024, it is expected that corporations will spend $20 billion per year on blockchain technologies, per a report by Fortunly. In addition to facilitating financial transactions, blockchain has many other uses, such as storing medical records, conducting binding agreements, tracking the flow of goods, and much more. One particular company that is leading the movement in the blockchain industry is BikData, a growing company that is merging the technology smoothly into business operations while remaining both scalable and sustainable.

BikData is led by the dynamic duo Ayman ‘EYEMAN’ Kabalan and Franzua Rudder. Kabalan, Inventor and Lead Technologist, is an expert in the field with more than two decades of experience. Rudder has logged 14 years in global business development in 20 different countries, and he says that the two have great chemistry together and each bring unique expertise to BikData.

Businesses from all over the world are able to store their information underneath six layers of blockchain encryption with BikData. Traditionally, ERP storage systems can be costly and complicated, but BikData’s extensive methodology prevents data breaches while still allowing for revenue to be made.

“All these companies have tons of data, which they view as an expense; they don’t understand that it could be an asset," said Rudder. “We’re bridging that gap, showing companies that they can turn what they perceive as an expense can be turned into an asset and a revenue model. BikData is revolutionizing the industry by changing the perception on how people perceive their own data.

“When we look at innovation and how the world is changing, BikData is instrumental in not just keeping companies afloat, but changing how they look at their entire business," continued Rudder. “We are generating revenue from something that doesn’t impact their operations."

Storing lots of data is a necessity for many corporations in case the company gets audited or needs to pull past data together. With BikData, companies are able to gain a profit while storing their data, rather than it simply being useless. BikData’s success is largely thanks to its use of several blockchain networks, instead of being limited to just one system, which allows for a customizable process depending on each company’s needs.

“We’re a fully interoperable and cross-platform integrated system, currently built to presently operate across four systems: Binance (BCS), Ethereum, Eos, and Cardano," said Rudder. “The advantage of this is that each network provides different opportunities. No two companies will have the same experience or protocol, and BikData is unique in that we can bring a very a-la-carte approach to our clientele's business solutions.

“We’re going through a technological revolution; everything that’s going on in the world will have to shift to adapt. STEM will be integral to that development, and we at BikData believe we can contribute to developing third world countries by working directly with companies in those regions. There, we can develop STEM programs to empower the youth, helping bring forward the next generation of innovation."

BikData has a strong stance regarding corporate social responsibility, with a portion of the company’s profits dedicated to social and community impact. The company’s primary goal is to develop STEM-related initiatives in poverty-driven countries, in hopes of making a major positive impact on the world. This giving mentality will likely help innovators for generations to come.

Disclaimer: This is a company press release. No HT journalist is involved in creation of this content. 

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close

Recommended For You

×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout