22 Sep OmniIndex announces Blockchain Storage Partnership to protect student data
With increasing incidents of ransomware attacks on schools and educational institutions worldwide, governments are under pressure to better protect private student data. 80% of lower education providers and 79% of higher education providers have been hit by ransomware in the last year, according to Sophos’ recent The State of Ransomware in Education 2023 report.
A new world-first deal by OmniIndex, the secure web3 data platform, will help to secure the educational data of over half a million Nigerian students. OmniIndex is the world’s only provider of commercial fully homomorphic encryption (FHE) within a blockchain data storage platform and will use its technology to ensure that private student data is protected from ransomware and other cyber attacks while simultaneously allowing educational institutions to glean real-time insights that can be used to improve educational outcomes.
The agreement with Cross River State is the first deal of its kind in the world and is a marker of Nigeria’s ambition to create a blockchain-powered economy supporting secure transactions, data sharing, and value exchange between people, businesses, and government.
Nigeria’s National Blockchain Policy, released in May 2023, outlines the key benefits of such an approach, including the improved transparency and accountability, increased efficiency, enhanced security and financial inclusion that blockchain technology can provide.