Data Encryption is the process of securing digital data by using algorithms using which data can be hidden by some other characters so as to make the original message unreadable. Using data encryption algorithms only the authorized entities are allowed to access that particular data. These authorized entities are provided with keys (passwords) to lock and unlock the data.

Cryptassist is going to launch 25 different platforms and each platform is being developed keeping data encryption standards into major considerations. Cryptassist understands that “Data is everything”. If data gets hacked or leaked by any way, no matter how perfect your project is, the value of the system drains.

Data Encryption is necessary to prevent hacking, cyber crime and various malicious data attacks. Encryption is a major part of Blockchain and here is a list of how Blockchains are secured because of encryption algorithms.

Advantages of Data Encryption on Blockchain Technology:

Transactions are more secure

Increased data integrity

Increased transparency and accessibility

Compliance is greatly improved

Fraud is completely eliminated

Transaction costs decrease dramatically — No more third party intermediaries.

Data Encryption is serving almost every IT industry like messaging platforms, E-mails, databases, banking, finance, shopping platforms, social media, and much more. The most important challenges coming up for Data Encryption is taking care of Big Data. Data Encryption, Big Data, and Blockchain Technologies are related to each other on such concepts which are very important for the upcoming technology world.

Big Data: Big Data is the data which is probably in it’s largest figures. Since the internet age started, the data which is collected so far and still being collected for particular entities is the big data. The concept of big data came up when data scientists were not able to process and store the data on the existing data processing tools and storage available.

Blockchain Technology: Blockchain Technology was first stated in 1991 but unfortunately didn’t came up in the picture. With its mainstream feature “Cryptocurrency” Blockchain Technology is going cutting-edge around the world. Blockchain is the decentralized network of records containing blocks which processes transactions and stores the data in encrypted forms. Blockchain keeps on growing with the number of transactions and data keeps on recording.

Data Encryption & Big Data: Data Encryption is really very important for Big Data. The security of large amount of sensitive data must be encrypted in such a manner that only authorized people can have access to it.

Big Data & Blockchain: Cryptocurrencies is one of the major applications of Blockchain Technology. The transactions upon cryptocurrencies gets processed upon the blockchain and it’s information gets stored up within the ledgers of the blockchain. Since unlimited number of transactions can process upon a single blockchain, the sensitive data of transactions keeps on increasing, creating the big data which needs to be analyzed!

Conclusion:

So you see, the data on Blockchains is already vast and still growing exponentially. This data is the Big Data produced from Blockchain & Cryptocurrency industry. The information of all transactions is contained in this big data and which is obviously way too sensitive. Now the part of powerful Data Encryption algorithms starts to work towards the security of the big data.