Motivated by the buzz around blockchain, Acronis has formed a dedicated research and development team that will develop applications of blockchain technology for data protection.
According to the hybrid cloud data protection provider, the team will initially focus on delivering 'tamper-proof' data storage with verifiable sync and share solutions that leverage Blockchain to guarantee data authenticity, privacy and control.
In today's digital world, it is difficult and costly to define and track the originality and ownership of assets. Blockchain can solve this problem by providing global authenticity and security for data and transactions of any kind, thus reducing the cost and complexity of centralised 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.
As such, Acronis is extending its data storage solutions and file sync and share solutions with Blockchain technology to monitor data integrity and guarantee validity at all times. This is expected to benefit organisations that deal with sensitive data such as medical records, stock transfers, and long-term archiving that could be subject to IT audits.
To further educate the public on blockchain, Acronis has unveiled a prototype solution that will exemplify how blockchain can be used to verify and protect data with timestamps and certificates of authenticity. The company will also seek input on potential data protection use cases for blockchain technology. Participants will need to provide their name and contact information in an effort to better understand the market need and potential of Blockchain for data protection.
"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."