A group of cryptographers is using a blockchain to provide a means for storing large amounts of cryptographic data in a secure way.
They’re calling it “the cloud.”
The Cloud of Solvency, which is based on the blockchain technology, has been in the works for more than a year.
Its founders and co-founders are now at the University of Illinois at Urbana-Champaign.
The idea behind it is that you have a cloud where you can store all the data you need to run a system, and then the data can be backed up by another provider.
You can have a backup that’s not just a physical storage, but also can have encrypted storage.
So you can have it backed up on a different server.
So if something goes wrong in your system, the data doesn’t go down and go to the wrong storage server.
It can stay in the cloud and stay secure.
It can also be backed with a new blockchain, which can be a decentralized database.
And the data is stored in a different storage server, and the data on that server is secure.
So there’s an opportunity to store this data securely on a new server, while still maintaining some level of trust in the data, according to the project’s website.
It also uses cryptography to protect the data.
But, while there’s a lot of promise here, its a big investment for the developers.
“We can make this a much more powerful and scalable solution,” the project website reads.
It lists several reasons why it’s not worth the investment.
“The only reason we think it’s worth it is because we can make the whole cloud more secure,” co-founder Mark Friedenbach told Ars.
“The only way to do that is by using a different blockchain.
So we don’t have to go through the extra effort of making it use a different chain.”
But, if the blockchain is secure, then the cloud isn’t secure.
Friedenbach says the developers don’t intend to make the data stored on the Cloud of SOLVENcy private.
He explains that they plan to make all of the data accessible to the public, and that they will be able to create other cloud-based systems that allow people to store data in the same way.
“If people don’t want to access it, it doesn’t really matter,” he said.
“We can create the systems to make that happen.
We’re not trying to make it private, we’re trying to create a system that is a very secure system.”
Friedenbampach says his group is trying to solve a problem that the industry has been grappling with for decades.
There’s a lack of secure storage for information that’s encrypted, such as email or banking documents.
And in addition to storage for encrypted data, there’s no way to securely access that data from anywhere.
“This is not about making the cloud private, it’s about making it secure,” he says.
“This is a good thing, and we want to make sure that the world gets to see this as a really powerful, secure system that can do a lot with a very little effort.”
The team’s plan is to develop a secure blockchain that will let people store and access their information in a way that’s secure and easy to understand.
The goal is to create something that works across all platforms.
But the Cloud has faced challenges from both sides of the fence.
While the community has grown as a result of the project, it hasn’t been able to build a viable ecosystem around the blockchain.
Friedesbach thinks the current ecosystem can work, but he worries that it won’t be a sustainable system for long.
“There are still a lot challenges for this,” he told Ars, adding that the team will be working on a system to address the challenges that come with building a secure cloud system.
“I think we are going to be able make the Cloud a much better system, a much safer system, that’s actually secure, accessible, and has a long lifespan,” he added.
“That’s a big part of the future, is getting this cloud system out there, and hopefully getting people to actually invest in it.”