Thanks to the blockchain, decentralization and data security - is the future

Today, everything is digital. Photos that we have stored in albums are usually no longer printed; they are stored in online albums. And few people use actual paper planners to track their lives. Instead, daily reminders and appointments are stored in a digital calendar.

More importantly, few people maintain handwritten ledgers to track their bank accounts. There are websites and apps that work for them and allow easy access to this data.

At the same time, companies in multiple industries will digitally store all files and data. The digital network stores the company's internal data from financial records to personnel files. Data collected by data companies from customers is also often stored in this manner.

Sounds great - apart from the fact that there are so many things going to digital, we are getting more and more vulnerable to security breaches. Moreover, in addition to the risk that we may be hacked, when we store everything on a computer, we are faced with the possibility that one of the digital networks we are using will be shut down.

This often happens: According to a recent report by Datacenter Dynamics, a UK cloud hosting company called UKFast has failed in the data center in Manchester, England, where staff accidentally cut off cables connected to the computer network. Moreover, earlier this year, Amazon's cloud services also experienced downtime due to errors or human error in the network software code.

Then, security breaches and blackouts are a concern for many people turning to digital storage. But the good news is that technological innovation is moving toward rescue.

Blockchain

The first is the blockchain blockchain technique, which is a digital ledger that stores highly encrypted blocks of data. This technology has begun to decentralize data, and the innovation it represents may be the future of data storage. Companies that use blockchain have seen many benefits.

A big reason for these benefits is largely due to the fact that maintaining the privacy and security of files and data on a decentralized network is easier than on a centralized network.

Related: How does the blockchain open a new era of digital financial investment?

Blockchain and data server

Last year, the research firm Ponemon Institute reported on global cloud data security. The study found that 73% of the information technology professionals surveyed referred to cloud computing applications and platform solutions as today's business operations. Researchers predict that these cloud-related solutions will grow 81% over the next two years.

However, moving to the cloud can cause problems: 60% of the more than 3,000 IT professionals surveyed said it is more difficult to protect confidential or sensitive information on cloud servers. Alternatively, the blockchain can provide the same data storage capabilities as cloud hosting, but with higher security and protection against vulnerabilities.

Blockchain technology is designed to be more secure than cloud computing: the passwords that make up the blockchain design are actually created to address security issues related to digital products such as cloud networks. Since blockchains are distributed networks between computers that are geographically dispersed, there is no single vulnerability that is vulnerable to security breaches. Security has been embedded in blockchain technology to automate it.

In addition, decentralized storage can significantly reduce pricing, so any company, not just the largest company, can take advantage of this technology. Based on blockchain-based data storage, small companies don't have to spend money and resources to build infrastructure to store data and files. These companies only pay for the amount of data they need.

As Mike Stollaire, President and CEO of Titanium Blockchain Infrstructure Services, recently told me by phone, "We not only replace cloud storage, but also provide processors and memory, so we can complete resource-intensive projects with artificial intelligence and virtual reality. Anyone in the world can buy at a reasonable price."

World computer, you can't close

Stollaire's Titanium is spreading storage, processor power and memory across the globe by leveraging more than 200,000 devices, including Ethereum's World Computer (ETH). For those unfamiliar with ETH, this technology uses Bitcoin's encrypted payment structure and adds a Turing-complete scripting language.

Ethereum is experimenting with blockchain technology to create the most viable tools for executing smart contracts. The term "Turing completion" refers to a system capable of performing any logical step of a computing function, creating a globally dispersed, non-owned digital computer for performing a peer-to-peer contract. In the words of laymen, Ethereum is a world computer that you can't shut down.

Because of this, the Titantium system will be almost 100% available, performing best and basically without interruption.

Decentralized world computers that cannot be turned off are very useful for protecting our data security. For example, consider that since 2009, more than 50% of all Internet traffic in the United States has crossed Northern Virginia, a region sometimes referred to as the “Oriental Silicon Valley.”

Today, Internet traffic in the Dulles Technology Corridor is still in the tunnel. Given the size of this traffic, it is safe to worry about whether this data can flow out through a geographic area. As the failure described earlier, if there is a problem with the network, limiting the storage network to one location can be catastrophic.

For this reason, some large companies are using blockchains to meet their data storage needs. Other technology companies are using this technology to innovate in other industries. For example, earlier this year, Sony announced that it has developed a blockchain education system.

With this system, Sony is expected to make educational achievements and activity records both open and secure. According to a recent Sony press release, the system "concentrates data management from multiple educational institutions and is able to record and reference educational data and digital transcripts." In this way, educational records will be safer and easier to transfer between educational institutions.

At this time, decentralized data is indispensable for the development of online data storage. In light of recent major violations, including the attacks on Arby, Verizon and Dun & Bradstreet in 2017, we realized the importance of improving data security and access.

Related links: 8 blockchain benefits to the industry beyond cryptocurrency

As the company begins to rely almost entirely on digital data storage, 24/7 access to this digital infrastructure is key. Dispersing data will limit weaknesses in typical cloud storage networks and ensure that these systems are protected from attacks.