Start-Up Salvobit in Bulgaria to Provide Secure Collaboration Solution at End of 2018

The emergence of high-speed networking in both mobile and landlines has widened the possibility for remote collaboration.

So far the remote collaboration has been available only to large companies that could deploy very expensive infrastructure.

For smaller entities like SOHO and family and friends the remote collaboration is only available through third party cloud provider. This method is not applicable for many instances when privacy concerns are at play. From intellectual property, to financial information up to private photos – there are a lot of scenarios that are struggling with the cloud lack of real privacy and the third party control of your valuable data.

In order to perceive the problem to its full extent we should turn our attention to statistics. Since 2013 more than 9,727,967,988 data records have been lost or stolen. This frightening statistics is devastating to the business and especially to the smaller companies. 72% of small businesses that suffer major data loss shut down within 24 months. Not all of this data loss occurs through malicious breaches like hacking. Some is just simple negligence – not backing up data (which 60% of SMBs admit to being guilty of).

It is also important to consider the leading sources of data breaches. In 2016 malicious outsiders were responsible for 68% of the breach incidents. We should note that 59% of the breach incidents in the same year were identity thefts, which allows for the formation of abuses that follow the snowball effect. These statistics are closely related to another critical data: 77% of employees leave their computers unattended.

Having all these in mind it is no wonder that more and more businesses and individuals are looking for possible solutions.

Salvobit Ltd wants to provide secure collaboration solution that gives full control over the data to the hardware owners while offering the ease of use of a public cloud. It wants to cover all data processing needs that are currently satisfied for big corporations while using licensing model that does not puts us in control of the life of our users data. The solution would be able to run on any pieces of hardware that have connection to each other.

For this purpose the company delivers following features:
• Multi-platform: Salvobit Share is supported under Windows, Mac OS X, Ubuntu and Fedora.
• Seamless p2p storage and synchronization: Data management system FileTreasury, which applies the best principles of the peer-to-peer architecture, ensures the secure and fast synchronization of thousands of files to many endpoints. This will help you share personal or business data without wasting any time.
• Automatic backup: Data will be backed up consistently even while you are working with it, so in cases of emergency you will have access to the latest versions of your files.
• Ccompatibility with applications via FS API: Salvobit Share is armed with file system, which allows flawless workflow of many applications.
• Minimum hardware requirements: Salvobit Share is lightweight and it can run on less powerful computers, which makes it suitable for any working environment, even when the budget is limited.
• Operation in network segmentation scenario: Even if a subset of servers from a given network goes offline, it is possible to continue working and when the connection is reestablished all data will be synchronized.
• Encryption at rest and in transit: Salvobit Share implements end-to-end encryption. All files are encrypted by the unique digital security keys of the respective users. This method limits the risks of data loss and abuses, caused by external hacker attacks.
• Traceability of changes via digital signatures: Every modification in a Salvobit sharing network can be traced back to the user who has made it. This is possible because the digital security key of each user signs every action that he/she performs in the network. This signature cannot be forged even by administrators and network owners.
• Instant access to large files

While working with large files, you won’t lose any time, because you will be able to access them fast, since no complete download is required. Salvobit Share automatically takes care for the data consistency and it is not needed to copy large files on your own devices in order to work with them.

Salvobit Share is in its late development stage and it is expected to be release before the end of 2018.

Read also:
Start-Up Profile: Salvobit
Bulgarian firm in secure peer-to-peer software for file sharing for individuals and enterprises
by Jean Jacques Maleval | 2018.04.24 | News | [with our comments]