Soon will come the software defined transaction (SDT) age.

“It’s comforting to imagine that, in the end, the power of innovative technologies and business models will win out over status-quo thinking and entrenched interests, all for the public good.”

From a security and risk management point of view, a central or using the author’s words “the powers that have traditionally controlled those transactions” provides assurance on quality of service, security and privacy protections. However, with new technologies most of this assurance features could be delivered by software. 

Soon will come the software defined transaction (SDT) age.

 

April 27, 2014

This entry was posted in Cloud, Privacy, Technology and tagged , , on by .

About antonyma

Engineering trained, Antony has the qualifications of CISA, Oracle DBA and BS7799 ISMS assessor. He also received a LLM in Intellectual Property & Information Technology Law from The University of Hong Kong. Founder of travel tech statup Powerdata2go.com Antony was th Chairman of Professional Information Security Association (PISA) from 2009 to 2010. He also joined ISC2 workshop on developing a new cloud security certification. Current positions include: 1. Chairman of Cloud Security Alliance (Hong Kong & Macau Chapter) 2. Convenor of HK OGCIO Working Group on Cloud Security and Privacy 3. Hong Kong delegate to ISO SC 27 committee, which drafts security standards like ISO27001. email : antony.linkedin@gmail.com Specialties Retail Banking System & Process, IT Security, Copyright Law, Audit & Control, Technology Risk Management, Cloud Security

3 thoughts on “Soon will come the software defined transaction (SDT) age.

  1. Daniel Ng

    Your idea is interesting, but need more details. Assurance and due diligence demand a high level of evaluative inquiry, and I am really interested to know your idea on how software handling this? The argument is that there are many algo trading, but guys in dealer rooms are not replaced. Comment?

    Reply
    1. antonyma Post author

      Hi Daniel, after audit or assessments most of the security control implementation are in software.That is we improve software to provide more assurance. I think this is the trend.

      Reply

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