If the data stored is of such sensitive nature, how would letting a third party help in the case of a breach? The data would still be out regardless of who and how it was compromised?
Currently the company is assigning a third party to store the data. Question is if you could get rid off the third party and just store it decentralized?
So, basically instead of storing the data at one external party, the idea is storing the data on multiple external parties?
Sure, a decentralized database can be done, but at the cost of efficiency.