Acronis, a global leader in hybrid cloud data protection, has just released a strategic initiative to develop applications of Blockchain technology for data protection and has formed a dedicated research and development team that is initially focused on delivering ‘tamper-proof’ data storage with verifiable sync and share solutions that leverage Blockchain to ensure data authenticity, privacy and control.
“The potential for Blockchain reaches far beyond Bitcoin transactions with its built-in ability to deliver data protection and authenticity at costs that are dramatically lower than traditional systems,” said Vitalik Buterin, co-founder of Ethereum, a Blockchain technology provider. “By applying Blockchain technology to its solutions, Acronis is the first data protection vendor that we’ve seen embrace this innovative technology to bring new levels of data protection to digital records and transactions.”
The groundbreaking Blockchain technology, which provides a record of digital events distributed across different participants or entities, has the potential to open up a broad range of new data protection use cases for businesses and organizations worldwide.
“When harnessed to its full potential, Blockchain will bring levels of data authenticity, privacy and control to data protection that we have not seen before,” said Serguei Beloussov, Co-Founder and CEO at Acronis. “By exposing real applications, people will start to understand the power and potential uses of Blockchain, and we are excited and confident that Acronis solutions with help unlock its huge potential for data protection.”
Blockchain Promises Huge Potential for Data Protection
Today’s digital world contains a huge number of assets whose originality and ownership are difficult and costly to define and track. Blockchain can solve this problem by providing global authenticity and security for data and transactions of any kind, reducing the cost and complexity of centralized systems, while making data ‘tamper-proof’. With Blockchain, data and transactions can only be updated by rules of consensus between participants in the system, and when new data is entered, it can never be erased.
Acronis to Apply Blockchain Technology to Deliver ‘Tamper-Proof’ Data Protection
Acronis is taking a unique and targeted approach at how Blockchain can be used to solve specific data protection problems by seeking and developing use cases that exist today. Data and transactions that are protected from tampering by Blockchain can be used for those use cases where individuals or businesses absolutely must maintain the integrity of the original information.
For example, Acronis is currently extending its data storage solutions and file sync and share solutions with Blockchain technology to monitor data integrity and guarantee validity at all times. Examples of data that can be protected from tampering using Blockchain include property and medical records, stock transfers, chain-of-evidence for court documents, police video or security camera footage, long-term archiving that could be subject to IT audits, and ‘consortium’ data storage, where multiple individuals or entities can securely store and exchange massive amounts of data and information.
Acronis Data Authentication ‘Prototype’ Using Blockchain Now Available
As part of the initiative, Acronis is unveiling a prototype solution to give its service provider partners and end user customers an introduction to the power of Blockchain technology for data protection. The prototype shows an example of how Blockchain can be used to verify and protect data with timestamps and certificates of authenticity. By making the prototype available to the public, Acronis is seeking input on potential data protection use cases for Blockchain technology. Participants will be asked for their name and contact info in an effort to better understand the market need and potential of Blockchain for data protection.
For more information and to try the prototype, click here.
- Indian Central Bankers Excludes Cryptocurrency Projects from it’s New Startup Fintech Sandbox - April 19, 2019
- Enterprise Ethereum Alliance Plans to Launch New Token Taxonomy Initiative - April 19, 2019
- Social Blockchain Project BitGive Signs Deal with Uphold - April 19, 2019
- Crypto Wars Continue – Bitcoin’s Self Proclaimed Founder Craig Wright Threatens to Sue Ethereum’s Vitalik Buterin - April 19, 2019
- Gate.io Exchange Releases IEO Startup Platform and Launches First Project with CNNS - April 18, 2019
- Telegram Cuts Deal With Wirecard to Build Blockchain Shared Payment and Banking Solutions For TON - April 17, 2019
- Token-as-a-Service (TaaS) Shuts Down – Distributes Assets to Token Owners - April 17, 2019
- eToroX Launches 8 Stablecoins on New Cryptocurrency Exchange - April 17, 2019
- Powerhouse Production Company Endemol Shine International Partners with Blockchain Startup BitMovio - April 17, 2019
- Huobi Prime’s Second EO Launch – Two Billion NEW Tokens Sold in Six Seconds - April 17, 2019
- Panxora safeguards ICO assets with crypto treasury management service - April 17, 2019
- Turing Award Winner and MIT Cryptographer, Dr. Silvio Micali, Publicly Opens TestNet at VC-backed Algorand Blockchain - April 16, 2019
- Gibraltar Stock Exchange Opens the Doors to Secondary Market for Security Tokens - April 15, 2019
- Bittreo Releases Crypto Brokerage SAAS - April 14, 2019
- International Monetary Fund (IMF) Head Says Cryptocurrency is Shaking the System – Wary Eye on Silicon Valley Data Collectors - April 14, 2019
- US Regulator SEC Issues First ‘No Action’ Letter for Unregistered ICO - April 13, 2019
- Jason Hanania: Architecture of a Technodemocracy – Author Interview - April 12, 2019
- Block.one’s FinLab EOS VC Fund Invests in Moonlighting - April 11, 2019
- Blockstack Files with SEC for Reg A+ Token Offering - April 11, 2019
- US Congress Introduces Bipartisan-Supported Token Taxonomy Act - April 10, 2019