Fortanix Launches the Industry’s First Web 3.0-era Solutions Based on Confidential Computing to Secure Sensitive Digital Assets and Blockchain Infrastructure

Fortanix Inc., the data-first multicloud security company and leader in Confidential Computing, announced the launch of a new suite of Secure Web 3.0 Infrastructure solutions that are integrated within Fortanix Data Security Manager and designed specifically for blockchain, cryptocurrency and decentralized finance businesses. The new offering drastically improves the security of business-to-consumer (B2C) wallets and the integrity of blockchain implementations by leveraging the power of Confidential Computing.

Latest Aithority Insights: Top Skills Needed to Become an AI Engineer

“We welcome the opportunity to partner with Fortanix leveraging the new solutions they are ushering in to address this market, helping us accelerate the transformation of the trillion-dollar financial services industry.”

Users of blockchain services increasingly demand non-custodial wallets to enable the management of their digital assets, which give them sole custody over the private keys they need to control blockchain transactions. Simultaneously, proof-of-stake blockchains need to protect themselves from “nothing-at-stake” attacks, which create fraudulent forks in the blockchain. Fortanix’s revolutionary Secure Web 3.0 Infrastructure solutions address both these pain points for blockchain operators and blockchain users while supporting compliance with existing and emerging regulatory requirements for digital asset businesses. The launch of these new tools provides unmatched security through their integration within Fortanix Data Security Manager, which protects cryptographic operations with Confidential Computing and up to Federal Information Processing Standard (FIPS) 140-2 Level 3 certification.

Data Privacy and Security: Chicago Public Schools Suffers Major Data Breach Affecting 100K Accounts

For the first time, blockchain infrastructure can be protected by a single, FIPS-certified solution that deploys Confidential Computing technology to secure the user authentication process, ensure full control of private keys by asset owners, and provide high availability and disaster recovery for digital asset businesses. Fortanix Data Security Manager now defines the new standard for blockchain and decentralized application security and ensures that Fortanix customers are ready to deliver decentralized services securely in the emerging Web 3.0 era.

“With the growth in decentralized applications that depend upon blockchain technology and the transition to a Web 3.0 information domain, blockchain services need a convenient way for their users to store digital assets while also ensuring that the wallet providers cannot steal these digital artifacts because of misconfigurations or malicious actors that attack the backend wallet implementation,” said Richard Searle, Vice President of Confidential Computing at Fortanix. “Our Secure Web 3.0 Infrastructure solutions are a shining example of how our industry-leading Confidential Computing capabilities can be applied to improve the experiences of both consumers and businesses when security is of the utmost importance. By adopting these new solutions, Fortanix customers can manage compliance with regulatory requirements and provide increased assurance for their end-users.”

“We see the emergence of Web 3.0 creating a paradigm shift in the industry, creating new challenges in securing digital assets, and demanding innovative new solutions from financial institutions leveraging blockchain technology,” said Jason Davidson, Vice President of Engineering at Figure. “We welcome the opportunity to partner with Fortanix leveraging the new solutions they are ushering in to address this market, helping us accelerate the transformation of the trillion-dollar financial services industry.”

Top Machine Learning Insights: LivePerson Collaborates with UCSC to Build the Future of Natural…

[To share your insights with us, please write to sghosh@martechseries.com]