The rules that regulate data storage vary around the world. A hot topic on the web. How long exactly data processing and storage companies have to keep them in their facilities before deleting them? This is an open issue not only to smaller data centers, but to big Internet players such as Google and Microsoft as well.
While researching on this core topic for Swiss DNA Bank, I stumbled across a statement by Brad Smith, senior vice president for Microsoft, who claims that a major overhaul in the way that electronic data is stored is needed. The problem roots in diverging ruling from country to country. Whilst one could only ask for data to be saved for six months, another could rule for a year’s storage. “If that’s the case, it’s very difficult to locate a data centre in one country and provide that service to consumers in another country” he explained.
There are too many standards around the world, making the situation confusing and leaving users with little, if none, assurance on how long their data will be preserved.
Of course, at Swiss DNA Bank we solved the problem by giving our users the unique Forever Storage guarantee thanks to our Perpetual Financial Engine. But I’ll definitely keep an eye on the subject and keep you posted.
Luca Boschin
COO Swiss DNA Bank

