Spinbackup – SPIN ICO Cloud Data Loss/Leak Blockchain Security?
Spinbackup, found online at Spinbackup.com, aims to build a security bridge between the blockchain community and traditional cloud services. Find out how it works today in our review.
What is Spinbackup?
Spinbackup uses blockchain technology to protect organizations and individuals against data leak and data loss in the cloud. The company’s ICO begins with a pre-sale from October 18 to November 3, followed by a general crowdsale from November 7 to December 7.
Overall, Spinbackup wants to help companies verify their users in a more effective way. To do that, Spinbackup will use the existing verification solutions offered by Google and Microsoft’s cloud services, but connect those verification APIs with a blockchain. This allows users to enjoy password-free verification, while also ensuring that Spinbackup doesn’t need to manage any user data.
Spinbackup is catered towards businesses that already use Microsoft and Google’s cloud services platforms, but want to provide additional security against threats like ransomware, inside actors, and human error.
What Problems Does Spinbackup Seek to Solve?
Today’s businesses face more data-driven attacks than ever before. These attacks are targeted towards a business’s centralized servers. Every week, it seems a new major company has become victimized by a devastating data leak.
With that in mind, Spinbackup aims to solve major problems in the worlds of data leaks and data loss, including:
- Centralized security infrastructure is getting less secure every year due to hackers finding more sophisticated ways to break in
- Traditional password protection no longer guarantees your privacy, which means the era of password protection is quickly coming to an end; furthermore, complicated passwords are hard to remember, which makes them an impractical solution
- Businesses face data loss problems every day due to attacks from ransomware, threats from inside actors, or even simple human error.
How Does Spinbackup Work?
Spinbackup plans to solve the above problems using its SPIN Data Protection Platform. That platform uses a blockchain-based single sign on to protect against data leaks. It also has cloud-to-blockchain backup services to protect against data loss.
Different subscriptions are available, starting from $12 per license per year (each license covers the blockchain-verified sign-in from one user).
With a Spinbackup license, users can login without a platform, while still being verified and secured through the use of blockchain technology.
That verification will occur through the API of popular cloud service providers – like Google, Microsoft, or Salesforce. That means Spinbackup doesn’t need to store any personal data of customers. After the certificate is created, the client data is completed deleted from the servers.
Spinbackup offers all of the following features and benefits over its competitors:
Spinbackup’s technology ensures that the certificate is issued exclusively for the owner of a cloud account. There is no way to issue a copy or a fake one.
Spinbackup plans to use existing cloud services like G Suite and Office 365 as an identity source for customers. The cloud provider is the source of the customer’s identity. That means Spinbackup doesn’t handle your identity in any way – they don’t need to know your real identity, and it can be kept secret if needed.
The secure certificates are issued in seconds with a click through the cloud service API.
You can create as many certificates as accounts through your cloud provider, then use them for different purposes.
Spinbackup’s authentication system has no geographic limits. Since the platform uses Google and Microsoft’s existing authentication, Spinbackup will be available wherever Microsoft and Google’s cloud services are supported.
The Spinbackup Token Sale
The SPIN token sale is taking place between October and December 2017:
- Presale: October 18 to November 3, 2017
- Crowdsale: November 7 to December 7, 2017
As a Spinbackup token holder, you can purchase Spinbackup’s data protection solutions with a 50% discount. You also get the exclusive rights to resell Spinbackup solution to cloud users, plus the opportunity to get an extra 4 annual subscriptions free per each token within the next 4 years, then use those extra licenses on different solutions.
During the token sale 1 SPIN token is priced at $4 USD (the rate drops to as low as $3 USD per SPIN token in the ICO). A total of 10 million SPIN tokens will be released, with 80% of the supply ( 8 million tokens) being released through the pre-sale and crowdsale.
The SPIN token is an ERC20-compliant token built on the Ethereum blockchain.
You can participate in the ICO by visiting ICO.spinbackup.com. Accepted forms of payment include BTC, ETH, and USD. The tokens will be issued at the conclusion of the token sale, between December 14 and December 20.
Who’s Behind Spinbackup?
Spinbackup is a cloud cybersecurity and cloud-to-cloud backup solutions provider for G Suite and Office 365. Over the last 3 years of operation, the company has protected organizations of all sizes against data leaks and data loss.
Spinbackup is headquartered in San Francisco. Today, they store 200+ TB of data, serve 1,000+ organizations, and have 170,000+ users worldwide.
The company is led by Dmitry Dontsov (CEO and Founder), Arman Agaronyan (Partner Manager), Nik Klymenko (CTO), and Helen Yavtuschenco (CFO).
There are two different subscriptions available for the SPIN Data Protection Platform, including:
Blockchain Single Sign On: $12 per license per year (provides password-free login and biometric two step verification)
Cloud to Blockchain Backup: $36 per license per year (provides 50GB per license, automated daily backups, and decentralized storage)
Spinbackup is a blockchain-based authentication system that connects existing cloud services to blockchain technology for a superior verification process. The platform revolves around the use of SPIN tokens to verify users.
To learn more about Spinbackup and the company’s upcoming ICO, visit online today at Spinbackup.com.