Everything Blockchain Inc. announced that it filed a patent application for EBI Blockchain Drive (EB Drive). EB Drive, among the first blockchain-enabled ransomware solutions, will empower enterprises to protect themselves against the threat posed by the ever-increasing problem of ransomware attacks. Conventional approaches to data storage rely on a local or network hard drive, and both are vulnerable to ransomware attacks when legitimate user credentials are compromised.

In these cases, an attacker encrypts data until a payment is received, however there is no guarantee that an attacker will ever decrypt the data, leaving organizations who lack a backup and recovery strategy at a serious disadvantage. EB Drive ensures that data is consistently backed up in an immutable blockchain ledger that will protect a company's intellectual property in the event of a ransomware attack.