Organizations are increasingly becoming privacy conscious. The SLAs don’t really suffice for a foolproof interaction with third-party cloud vendors like Microsoft cloud backup. There is a dire need for a verifiable mechanism to ensure safe and secure backups and data handling.
Yes, Blockchain Backups seem like an amazing solution to this problem. With the integration of blockchain technology organizations can get proof-of-work (PoW) on their cloud based backup solutions. This leads to better audit trails for data integrity concerns of all communicating parties.
The technology is already present and it can prove to be a game changer for the industries involved. Blockchain backups on cloud based backup can provide shared responsibilities and also avoid vendor lock in problems. Owing to its decentralized structure, data will be more secure as the ledgers will be maintained and synced across multiple computers.
Growing privacy concerns on cloud based backup solutions
The blockchain structure of cloud backup solutions fits well with Europe’s General Data Protection Regulation (GDPR). The legislation that came into effect on 25th May 2018, demands transparency of personal data that is collected by companies and the reasons for it.
Facebook had to undergo a lot of changes policy-wise. A lot of other companies were affected as well. The transatlantic data flow has always been Europe’s concern and after a number of data breaches along with social media playing a huge part in influencing election outcomes, the privacy concerns only grew.
How blockchain cloud backups solves all these problems?
Blockchain provides a structure in which all the data is encrypted that ensures confidentiality of the data. Moreover, the blocks in ledgers are linked with previous blocks and the updates are also synced across all hosts. The chain is the proof of work that the data has not been tampered with. However, mining is possible but it has to be made difficult to ensure a better structure.
Blockchain cloud backups brings control to its users. It provides them with the transparency of their backups and provides them the access and control to their data.
Blockchain is set to provide a reliable structure for cloud backups amid growing privacy concerns. The risk of breach of privacy and the compromise on confidentiality is greatly reduced. The structure is compliant with quite many laws and regulations that companies have to adhere to for example GDPR. Every transaction is mapped in a foolproof way that saves a lot of paperwork before acquiring services for cloud backups.