According to Odaily Planet Daily, Tim Kravchunovsky, founder and CEO of decentralized telecommunications network Chirp, believes that if multinational telecommunications company AT&T stores data on the blockchain, they may be able to avoid data leaks.

On July 12, AT&T said in a filing with the U.S. SEC that it had suffered a breach that could have compromised customer data. Attackers accessed and copied call records stored in a third-party cloud provider, including call logs, text messages, and phone numbers.

Kravchunovsky said the incident highlighted a network vulnerability that could put millions of customers at risk. He believes that current technical solutions do not work and new ones are needed.

He noted that blockchain technology and artificial intelligence can enable more secure databases and track threats in real time and respond quickly. He also explained that decentralized solutions such as DePIN can often protect large data flows from cyber threats.