Singapore-based cloud data storage and security firm Acronis, has announced a strategic initiative aimed at exploring the applications of blockchains - the technology powering bitcoin - in securing data. The initiative, which features a dedicated 10-man R&D blockchain team, was announced this week at the firm’s 2016 VIP Partner Summit.
According to an IT Brief report, Acronis will be focusing on using the technology to design a “tamper-proof” data storage system, in addition to exploring other existing uses cases:
“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.”
When it comes to data integrity, Acronis chief marketing officer John Zanni used the example of video footage captured by Police body cameras, which Zanni says could be authenticated using a blockchain-based tracking system, “You can use Blockchain technology to essentially timestamp them, and then that way you can guarantee that they haven’t been touched,” said Zanni.
And Serguei Beloussov, Founder and CEO of Acronis, agrees with Zanni, "It is not publicly known how to hack the blockchain. Perhaps the Chinese or the Russians know. But at this point, it doesn't look like in any foreseeable future, it will be easy to hack a blockchain." said Beloussov, according to a report by the The Straits Times.
Ethereum founder Vitalik Buterin also praised Acronis for being the first company to apply the technology in the cloud data storage industry.
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