COVID-19: THE PANDEMIC OF HARDSHIP AND OPPORTUNITIES FOR SMALL BUSINESSES By: Ray Sylvain | CEO of SignOnTheGO, LLC| https://signonthego.us
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oca Raton, Fla – May 29, 2020 – COVID-19, a global pandemic that has drastically impacted all global industries, especially small businesses. In the end, although the damage is severe, it must be harnessed to create new opportunities. The past few months have been devasting for the entire world. Businesses’ doors shut. Most of the population quarantined—companies like SignOnTheGo frozen in time. Layoffs are looking large. Trillions of dollars of global market value lost. What can a small business like SignOnTheGo do to protect its future?
In recent years, the popularity of blockchain technology has been developing rapidly in many industries. This technology continues to show excellent opportunities in the following areas: in the field of healthcare, for cross-border payments, remote voting, a solution for Forex trading, platforms for small and medium businesses, the network of air cargo. Blockchain is one of the most suitable systems for storing any information to date. As the pandemic persists and continues to create a new reality, we see new opportunities that will increase the importance of SignOnTheGo through the continued development of its Blockchain Technology implementation.
As witnessed, one of the significant impacts of the COVID-19 pandemic is online services such as virtual schooling, which has become widespread. Also, every day we see an increasing need for workflow optimization. This pandemic, along with universal 12 | Spring 2020 Extended
quarantine, prompted many companies to increase the usage of the electronic document processing workflow model. It should also be noted that the recent transition to increase telecommuting of millions of employees, presents enormous risks to information security. Currently, cyber threats are now more prevalent. Another threat is the leak of personal data. These current urgent issues with the need for securing remote access to information system resources and infrastructure stability will continue to grow.
The outbreak of COVID-19 has created tremendous network loads, which lead to short-term malfunctions in some cases. Many network providers have been forced to handle the increase of traffic volumes by approximately thirty-three percent (33%). One of the solutions to this problem was to block high-definition video streams around the world. SignOnTheGo will use this opportunity to continue improving the next level of document security as the first layer of authentication.
