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Innovations in Data Security Using Blockchain Technology

Oct 1, 2024
  1. Introduction
  2. Protection Mechanisms
  3. Cost Savings

A new innovation in data security leverages blockchain technology to provide protection that cannot be breached, stolen, or destroyed.

Introduction

Currently, there is no method or technology capable of breaching, stealing, or destroying data protected by this new solution. This innovation promises significant cost savings for data protection, ranging from 100% to 10,000%, depending on the size of the company. Unlike traditional methods, the new system does not require a large workforce or extensive hardware.

Protection Mechanisms

The platform uses multiple protection mechanisms including Elliptic-curve cryptography (ECC), Diffie-Hellman Polynomials with variables of a 256-bit integer, Marant algorithm, and triple AES 256 modified Rijndael algorithm. These multi-layered security measures significantly enhance data reliability and protection.

Cost Savings

The system allows for significant cost reductions in security by using only three servers, which can replace all security measures for a company with 1000 employees. According to estimates, the cost of a data breach ranges from $1.8 to 42 billion dollars per year, thus applying the new technology can ensure substantial savings.

The new blockchain-based approach to data security provides reliable protection, reduces costs, and simplifies the management of security systems.

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