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Source: Identillect Technologies Corp.
IRVINE, Calif., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID) – announces the Company advances its blockchain technology to handle the pending demand from the new European data handling regulation, General Data Protection Regulation (GDPR). This regulation is pervasive across all of Europe and affects companies in the United States and Canada that do business in Europe. The regulation becomes active in May 2018 and is one of the strictest data handling regulations ever written requiring companies to protect customer information.
As regulations advance across Europe, the development of security technology is critical for businesses to comply with the GDPR. Identillect has continued to advance technology and works to progress partnerships to make Delivery Trust® a top selected product when businesses are looking to meet GDPR requirements. Blockchain has been recognized as a technology which is sought after to assist businesses to meet and exceed GDPR regulations. Identillect has made recent developments with blockchain technology to enable companies across Europe to meet GDPR regulations which will imminently affect businesses.