TRIVANDRUM, India and ALISO VIEJO, California, October 17, 2017 /PRNewswire/ --
~ To jointly research and innovate for the data-driven society of the future
UST Global, a leading digital technology services company, today announced its collaboration with MIT Trust::Data Consortium. The alliance will focus on research and innovation of solutions for the data-driven society of the future.
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The MIT Trust::Data Consortium addresses the growing tension between societal data proliferation and data security by developing specifications, software, tools and documentation that help organizations adopt a holistic approach towards cyber security. Trust::Data is building new models for digital identity, data provenance, universal access, and secure privacy-preserving transactions to harness the future potential of global data sharing.
UST Global is focused on innovating digital solutions for the betterment of its customers and society. UST Global's alliance with MIT Trust::Data Consortium will allow the company to conduct research, and develop innovative solutions in areas of mutual interest.
Raju Chithambaram, Chief Transformation Officer at UST Global is a Visiting Scholar at the MIT Connection Science Lab and will be collaborating on projects like OPAL (Open Algorithms), CoreID to bring game changing innovations to the fintech, healthcare, retail, media and other industries.
Commenting on the alliance, Raju said, "We are excited to collaborate with MIT Trust::Data Consortium, one of the most prestigious research institutes in the world, to conduct research and develop innovative solutions. Fintech or healthcare industries would like to reap the benefit of shared data without ever compromising the privacy - PII (Personally Identifiable Information) or PHI (Protected Health Identifier) - of a single individual. Privacy preserving transactions will break this deadlock and accelerate innovation."
Sunil Kanchi, Chief Information Officer & Senior Vice President, UST Global, said, "This alliance comes at the right time when UST Global is at the forefront of developing new technologies, products and platform solutions. We are happy to extend our innovation capabilities beyond our Infinity Labs Innovation Centers to MIT Trust::Data Consortium."
Prof Alex 'Sandy' Pentland, Founding Faculty Director, MIT Connection Science Research Initiative, added, "We welcome UST Global for a joint research and innovation to solve difficult problems that global corporations and society face today. We are confident that UST Global's innovation capabilities and strong talent will add great value to our on-going and upcoming projects."
About MIT Trust::Data Consortium
The mission of The Trust::Data Consortium is to create open source tools and services that foster the development of a secure internet-based network of trusted data.
With the emergence of massive global data ecosystems, The Trust::Data Consortium aims to provide people, organizations, and computers, the ability to manage access to their data more securely, efficiently and equitably, while protecting personal data from incursion and corruption. As we have moved from the analog world to the digital world, our data, security and governance systems have not kept pace. It has created numerous issues ranging from data insecurity (such as the large-scale government and private sector data losses of recent years) to a widening digital divide between rich and poor, including the global disenfranchisement of over 1.5 billion people who lack legal identity.
Evolving from the 25-year history of MIT Kerberos in MIT's famous Project Athena, Trust::Data continues the MIT tradition of solving difficult problems facing society today and in the future, and providing open source solutions, free to the world.
For more information, please visit: http://www.trust.mit.edu.
About UST Global
UST Global® is a leading digital technology company that provides advanced computing and digital services to large private and public enterprises around the world. Driven by a larger purpose of Transforming Lives and the philosophy of "fewer clients, more attention", we bring in the entrepreneurial spirit that seeks the fastest path to value in today's digital economy. Our innovative technology services and pioneering social programs make us unique. UST Global is headquartered in Aliso Viejo, California and operates in 21 countries. Our clients include Fortune 500 companies in Banking and Financial Services, Healthcare, Insurance, Retail, High Technology, Manufacturing, Shipping, and Telecom. UST Global believes in building long-lasting, strategic business relationships through agile and client-centric global engagement models that combines local experts & resources with cost, scale, and quality advantages of global operations.
For more information, please visit: http://www.ust-global.com.
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