A Florida-based science company called Sollensys says that it has created an “indestructible vault” for storing data online using a new blockchain technology called Sollensium. Could blockchain end up replacing cloud-based storage services in the cybersecurity realm? If so, this technology could revolutionize the entire industry.
Sollensys Corp. reportedly raked in second-quarter revenue of over $6 million in 2022 and reached profitability, and the company is going all in on its Sollensium blockchain brand.
The issue of cybersecurity is firmly in the national conversation following a tech crisis within the Federal Aviation Administration (FAA) that recently led to the grounding of American commercial flights. The FAA bragged in 2015 (in a press release called “FAA to Rise to the Cloud”) about granting $108 million over ten years to a contractor to integrate Cloud systems to the FAA system, including Microsoft Azure and Amazon Web Services. Whether a cyber attack was responsible for the FAA crisis, or if a system error occurred, the federal government has a major public relations problem on its hands. Tucker Carlson Tonight reported on the gravity of the FAA crisis:
Sollensys hopes to distinguish its blockchain technology in competition against cloud-based storage services that Sollensys feels are inferior to blockchain technology. So how does it work?
Sollenys states that, “Rather than starting with penetrable endpoints, Sollensys begins with securing a copy of what the hackers want most to hold hostage and corrupt: your digital intellectual property and operational data. We exist to ensure you never have to pay a ransom by safeguarding an immutable and uncorrupted copy of your data. We live in a world where hackers are lurking, hiding, and plotting attacks in every major cloud storage service, server, hard drive, application, IoT device, and cell phone. Cybercriminals today are huge operations with dozens or hundreds of state-sponsored chaos creators with one goal: to bring the free world to its knees through disruption, financial ruin, and embarrassment. This isn’t a handful of computer engineering students anymore. This is the new battlefield.”
“We harness the power of blockchain technology to shred and scatter a secure, immutable and indestructible copy of your data across thousands of servers, making it virtually impossible for any hacker to reassemble your data without a unique key identifier. There is no single point of failure as your data on the blockchain is virtually quantum in nature and cannot be altered as a result,” Sollensys explains. “Your data can only be returned to you by clicking a button that summons and reassembles your data fragments. In fact, it doesn’t physically exist until you recall it, making the Blockchain Archive Server one of the most secure methods of storing your private files, videos, documents, and images on the planet.”
The company adds, “The Blockchain Archive Server is built on a unique double blockchain with two types of encryption algorithms: one holding your data, and the other holding your unique key identifier to put that data back together again. Alone, each blockchain is nearly impossible to hack, but together a cybercriminal would have to hack both chains simultaneously. This is the power of the private Sollensys blockchain, a bolt-on safety net for your data and systems in the case that you are one of the 25% who will fall victim to ransomware this year (Ponemon Institute). Sollensys is not a storage solution, it is an immutable, unchangeable, and indestructible archive of your data which is built upon a unique and revolutionary new double blockchain technology. It is your safety net, allowing you to fully recover from a cyber attack in hours, not days or months.”
Sollensys CEO Don Beavers said he was motivated by a computer hack that occurred on his mother and threatened the security of her beloved recipes.