Solutions for Storing and Exchanging Data for Consortium's with Real use Cases. Speaker: Victor Lysenko.
Today's digital world contains a huge number of assets whose originality and ownership are difficult and costly to define and track. Blockchain technology 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’.
Acronis has launched a strategic initiative to develop applications using blockchain technology for data protection. As a global leader in hybrid cloud backup and data protection, Acronis is extending its data storage and file sync & share solutions with blockchain technology to monitor data integrity and guarantee validity at all times.
How does Blockchain protect your data from tampering?
Using blockchain technology, data and transactions are processed to produce a unique signature verified by rules of consensus. When new data is entered, it can never be erased.
You can think of the blockchain as an “append-only”' ledger with transaction order that is distributed between many entities, each one keeping the same copy of it. Each record in the ledger is time-stamped, is immutable and independently verifiable. Blockchain secured data has provable integrity because the data is attributed to an irrefutable identity, is validated by all copies of the ledger, is always available, and can never be changed.
Follow Victor on Twitter @VictorLys
Acronis Blockchain Technology Initiative