Spinbackup Moving Protection To The Cloud Via Blockchain

Announcements, Blockchain, ICO News, News | October 12, 2017 By:

Cloud cyber-security company Spinbackup is creating a blockchain solution for cloud-stored data. The company is a Google Cloud partner and aims to replace passwords with a blockchain recording process. The company plans an initial coin offering later this month.

Spinbackup removes the human factor for data security to fully automate data protection, and adding blockchain technology allows us to provide an extra level of security,” said Dmitry Dontsov, Founder and CEO of Spinbackup. “This level of protection is unparalleled in a cybersecurity community, and we look forward to earning the blockchain community’s support as we continually enhance our service.”

The company will issue utility tokens called SPIN Tokens, which will provide access to the SPIN Data Protection Platform that will include a set of data loss and leak protection solutions exclusively available for token holders. Registered platform users may use these solutions with a 50% discount, or may also resell them to traditional cloud users.

Spinbackup was founded in 2014 and provides secure data-loss and leak protection solutions for Google’s G Suite.