Cloud Data Storage Firm Acronis Shows Interest in Blockchains

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.

Image credit: 1

New York Bitcoin Exchange Gemini Receives Approval to Add Ethereum Trading Pairs

New York’s Department of Financial Services (NYDFS) has granted Gemini Trust Company, a bitcoin exchange founded by the Winklevoss brothers, approval to add Ethereum-based instruments.

In a press release posted on the official NYDFS site, Andrew M. Cuomo, New York State Governor, said that today’s announcement demonstrates the state’s ability to remain at the forefront of emerging technologies in the financial industry, “With robust regulatory oversight, we are maintaining our status at the forefront of this technological revolution and ensuring that users have a safe and secure experience.” added Cuomo.

Maria T. Vullo, Financial Services Superintendent, said in the press release that NY State’s “smart and careful regulation” has created an environment where the digital currency industry can thrive.

In October of last year, the NYDFS gave Gemini permission to operate as a limited purpose trust company in NY, which allowed Gemini to act as a venue for fiat-to-bitcoin transfers and vice versa.