Blockchain technology, which has roots that can be traced back to the early 1990s, was actually conceptualized in 2008 by Satoshi Nakamoto. It has since been used as a secure database framework to protect the trading of online digital currency, namely Bitcoin. However, an innovative and ambitious entrepreneur is now attempting to apply the technology to pioneer the most secure data storage platform ever created under the Blockade brand name.
The Technical Side of Things
Existing as a decentralized, cloud-based data storage solution, Blockade's blockchain-based data storage framework relies on advanced encryption algorithms - the same ones that are used to protect Bitcoin - to ensure, verify and maintain the integrity of any data stored within. Not only does it bolster the security of any storage architecture, but it also ensures data reliability and archival health over a long-term basis.
Part of what makes it so secure is the AES-256 encryption. Currently recognized as the highest form of encryption available today, these security algorithms are used in military and governmental applications around the globe. By applying them to a data storage platform, the brains behind Blockade hope to create a brand new system with unmatched levels of consistency, integrity and security.
An Growing Need for Data Integrity and Security
Given the highly sensitive nature of some of today's datasets, as well as increasing activity by hackers and would-be cyber criminals, it's safe to say that enterprises and mainstream consumers alike could benefit from a data storage architecture such as this.
In fact, a recent survey indicated that 74% of all organizations have lost customers due to cyber attacks. Another 57% faced possible litigation for failing to protect consumer information and 33% were looking at hefty fines. In all, these kinds of attacks are expected to cost their victims, including business owners, employees and customers, approximately $6 trillion by the year 2021. As you can see, this is a growing problem that certainly needs to be addressed.
Don Tapscott, a highly influential and prolific advocate for blockchain technology, spoke about the need for such security by saying: "The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better."
He continued his statement by describing the blockchain as a: "vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value — money, but also titles, deeds, identities, even votes — can be moved, stored and managed securely and privately. Trust is established through mass collaboration and clever code rather than by powerful intermediaries like governments and banks."
A Challenging Yet Worthwhile Endeavor
As you can see, the team with Blockade Technologies certainly has a long road ahead of them. To find out more information on the company, or to follow the progress on their upcoming data storage platform, please head over to their official website at www.blockade.cloud.
Introducing the Blockade Data Storage Platform
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