Acronis launches blockchain technology initiative with prototype solution

Acronis, the global market leader in data security in hybrid cloud environments, announces a strategic initiative to develop blockchain applications for data security. Acronis has put together a special research & development team that is primarily focused on delivering 'tamper-proof' data storage with verifiable sync & share solutions based on blockchain technology to ensure data authenticity, privacy and control

Acronis, the global market leader in data security in hybrid cloud environments, announces a strategic initiative to develop blockchain applications for data security. Acronis has put together a special research & development team that is primarily focused on delivering 'tamper-proof' data storage with verifiable sync & share solutions based on blockchain technology to ensure data authenticity, privacy and control. The revolutionary blockchain technology, which records digital events across different participants or entities, has the potential to unlock a wide range of new data security applications for companies and organizations worldwide.

Blockchain is a great promise for data security

Today's digital world is characterized by huge amounts of assets, the origin and property of which are difficult and can be determined at high cost and can be traced. Blockchain solves this problem by offering worldwide authenticity and security for data and transactions of any kind, reducing the costs and complexity of centralized systems, and simultaneously making them 'manipulative safe'. With blockchain, updating data and transactions is only possible according to rules of 'consensus' between participants in the system, and newly entered data can never be erased.

Acronis will use blockchain technology to deliver 'tamper-proof' data security

From the tracing and development of current use cases, Acronis opts for a unique, goal-oriented approach to the question of how blockchain can be applied for the solution of specific data security problems. Data and transactions secured against manipulation by blockchain can be used for applications where individuals or companies must retain the integrity of original information.

Acronis, for example, is currently expanding its own data storage and file sync & share solutions with blockchain technology in order to be able to monitor and guarantee data integrity and validity at all times. Examples of data that can be protected against manipulation with the help of blockchain are eg property and medical files, stock transfers, legal evidence, police videos or images of surveillance cameras that can be subjected to IT audits, and data storage within a 'consortium', where multiple individuals or entities can store and exchange massive amounts of data and information.

'Prototype' of Acronis Data Authentication based on blockchain now available

As part of its initiative, Acronis is unveiling a prototype solution to introduce its service provider partners and end users into the enormous possibilities of blockchain technology for data security. The prototype shows an example of how blockchain can be used to verify and secure data with timestamps and authenticity certificates. By publishing this prototype, Acronis hopes to gather input on potential data security applications for blockchain technology. In order to gain a better understanding of the market need and the potential of blockchain for data security, participants are asked about their name and their contact details.

For more information and to test the prototype go to: http://www.acronis.com/en-us/business/blockchain-notary/

"The potential for blockchain with its built-in ability to provide data security and authenticity at costs that are dramatically lower than with traditional systems goes far beyond bitcoin transactions, " says Vitalik Buterin, co-founder of Ethereum, a blockchain technology provider. "By integrating blockchain technology into its solutions, Acronis is the first IT security player to see this innovative technology embrace, in order to achieve new levels of data security for digital files and transactions."

"If the potential is fully utilized, blockchain will ensure data security levels, privacy and control for data security levels that we have never seen before, " says Serguei Beloussov, co-founder and CEO at Acronis. "By displaying concrete applications, people will better understand the power and application possibilities of blockchain and we are convinced that Acronis solutions will help unlock this enormous potential for data security.