Mountain View, California — (Business Wire–Fortanix® Inc., the leader in data-first multicloud security company and confidential computing, today announced the launch of a new suite of Secure Web 3.0 Infrastructure Solutions, integrated into Fortanix Data Security Manager 7 and designed specifically for the blockchain. Cryptocurrency and decentralized financial business. The new offer greatly enhances the security of business-to-consumer (B2C) wallets and the integrity of blockchain implementation by harnessing the power of confidential computing.
Users of blockchain services are increasingly demanding non-custodial wallets to enable them to manage their digital assets, giving them sole protection over the personal keys they need to control blockchain transactions. At the same time, the proof-of-stack blockchain needs to protect itself from “nothing-is-stack” attacks, which create deceptive thorns in the blockchain. Fortanix’s revolutionary Secure Web 3.0 infrastructure solutions address both of these pain points for blockchain operators and blockchain users while supporting compliance with existing and emerging regulatory requirements for digital asset business. The launch of these new tools provides unmatched security through their integration into Fortanix Data Security Manager, which protects cryptographic activities up to Confidential Computing and Federal Information Processing Standards (FIPS) 140-2 Level 3 certification.
For the first time, blockchain infrastructure can be protected by a single, FIPS-certified solution that deploys confidential computing technology to secure user authentication processes, ensures complete control of private keys by asset owners, and provides high availability and disaster recovery for digital assets. Business Fortanix Data Security Manager now sets new standards for blockchain and decentralized application security and ensures that Fortanix customers are ready to provide secure decentralized services in the emerging Web 3.0 era.
“With the rise of decentralized applications that rely on blockchain technology and are transformed into a Web 3.0 data domain, blockchain services need a convenient way for their users to store digital resources and also ensure that wallet providers may misrepresent these industries due to incorrect configuration.” No ৷ or malicious actors who attack the implementation of backend wallets, “said Richard Searle, vice president of confidential computing at Fortanix. While safety is critical, by adopting these new solutions, Fortanix customers can manage compliance with regulatory requirements and provide enhanced guarantees for their end users. ”
“We see the rise of Web 3.0 as a turning point in the industry, creating new challenges in securing digital assets and demanding innovative solutions from financial institutions using blockchain technology,” said Jason Davidson, vice president of engineering at Figure. “We welcome the opportunity to partner with Fortanix as new solutions begin to address this market, helping us accelerate the transformation of the trillion-dollar financial services industry.”
Two-way protection for decentralized money
In line with the 2022 RSA Conference in San Francisco, the launch of Fortanix Secure Web 3.0 Infrastructure Solutions has two unique solutions, each with unique features and benefits for their users: Fortanix non-custodial warm wallet And Fortanix ignite one-time signer.
Fortanix non-custodial warm wallet A valid two-factor authentication (2FA) token ensures that a customer’s digital assets are not misused by a wallet provider without explicit consent. The tool provides:
- Improved security. Fortanix confidential computing technology takes the 2FA process into a highly secure, trusted execution environment (TEE).
- Reducing trust barriers. A compromised wallet backend system does not lead to the loss of end users’ digital assets, gives them complete control over access to their digital wallet and assures them of improved asset security.
- Reduce operational risk. Cryptocurrency businesses may demonstrate to regulators, insurance providers, or other authorities that their users’ assets cannot be spent without the explicit and fully auditable authorization of the user concerned.
Fortanix ignite one-time signer Improves existing offers for blockchain signing that do not guarantee signature integrity or provide high availability and disaster recovery capabilities. Fortenix Solutions for the Ignite (formerly Tendermint) ecosystem:
Applies double-sign resistance logic in a high-honest, safe environment.
Maintains high availability based on a cluster architecture with built-in resilience.
Supports disaster recovery to avoid loss of digital assets.
Strengthens the functionality and scalability required by decentralized applications for decentralized money and Web 3.0 applications.
Fortanix Secure Web 3.0 Infrastructure Solutions is now available as part of the Fortanix Data Security Manager product, which can be installed on-premises, in the cloud, or used through the Software-in-Service (SaaS) model. FIPS 140-2 Level 3 Certification.
For additional information:
Read the blog post “Securing Ignite Apps with Fortanix DSM and TMKMS.”
Download a summary of solutions for Fortanix Non-Custodial Worm Wallet and Fortanix Ignite One-Time Signer.
Fortanix hosts a Cybersecurity Thought Leadership Panel on June 8M, 2022 at 6:30 PM on “Securing Digital Identity and Resources with Confidential Computing.” Panelists will include Carol House, Director, National Security Council, The White House; K Turner, Chief Digital Identity Advisor, FinCEN; Raghu Nambiar, Corporate VP, AMD; Ambuj Kumar, CEO, Fortenix and Greg Wolf, CEO, Five. The panel will be hosted by Shashi Kiran, CMO of Fortenix at the Foundation Capital’s office in San Francisco. Register here.
Fortanix is the first data security company, wherever it secures data As the industry’s first and largest provider of confidential computing solutions, Fortanix decouples data security from the infrastructure. Fortanix solutions empower organizations with centralized control to secure data spread across the cloud, applications, SaaS, databases and data centers. Enterprises worldwide, especially in the privacy-sensitive industries such as healthcare, fintech, financial services, government and retail, rely on Fortanix for data security and privacy. Fortanix investors include Intel Capital, Foundation Capital, Neotrib Ventures and In-Q-Tel. Fortanix is headquartered in Mountain View, CA. For more information, see https://fortanix.com/.