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RKVST

The Center for Business Analytics is pleased to recognize RKVST as an honoree of the 2023 Drexel LeBow Analytics 50 Awards. Read more about how RKVST used analytics to solve a business challenge.

Submitter

Rusty Cumpston, Chief Executive Officer

Company

RKVST

Industry

Software Technology


Business Challenge

How do you know what data to trust? In the age of AI and the rapid creation of more digital content that lacks verifiable proof of origin, integrity and lineage, new ways to authenticate data are needed to reduce digital supply chain and AI safety risks that are increasing due to fraudulent data, fake data and misinformation. While organizations have become adept at authenticating people and devices for network access, the sheer volume of data exchanged daily requires a new approach to verify and validate its provenance. Everything from operating data to invoices and images to firmware updates needs to be authenticated before being relied on for decision-making. Current models require manual processes to validate third party digital content and don’t scale to meet today’s digital challenge.

Analytics Solution

RKVST provides a standards-based, open and interoperable platform to add provenance and authenticity records to any data — images, videos, documents, AI datasets and other digital artifacts that can be instantly verified. The RKVST Open API can be easily added into any application to automate the process of provenance tracking and verification. RKVST includes a blockchain backend for immutability and transparency and an extensive set of features for provenance data management, including access controls and compliance policies.

Impact

RKVST makes it easy to know what data to trust and eliminates the costly, time-consuming manual processes that are employed today. One example where RKVST has demonstrated such savings is in nuclear waste tracking. Real-time traceability and auditability of multi-party supply chain data resulted in 90 percent greater data accuracy and 55 percent process improvements and allowed 25 percent of processes to be automated, enabling fast remediation of issues and increasing the rate of waste material processed — providing an estimated 25 years of operational savings.