Data governance refers to the overarching system for managing information assets, including their availability, usability, integrity, and security. It establishes policies and procedures for data handling, ensuring accountability and compliance with regulatory requirements. Effective data governance supports organizational decision-making and protects sensitive information. It is a framework for maintaining high-quality data throughout its lifecycle.
Context
In the realm of digital assets and blockchain, data governance is gaining increasing prominence as regulatory bodies scrutinize how platforms manage user information and transaction data. News often reports on discussions regarding decentralized autonomous organizations (DAOs) establishing data governance frameworks for their protocols. The ability to demonstrate sound data governance practices is vital for institutional adoption and regulatory acceptance of crypto technologies.
Introducing authorized, provable data modification into the immutable ledger paradigm bridges the gap between theoretical security and real-world regulatory necessity.
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