Built on the secure infrastructure of Google Cloud, Vault helps organizations protect intellectual property, confidential documents and other electronic records on the blockchain.
SingaporeAnd the September 28, 2022 /PRNewswire/ – Today in Token2049 SingaporeFortress Blockchain Technologies announced the launch of The Fortress Vault, a new non-fungible token (NFT) solution built on the open, secure, scalable and sustainable cloud infrastructure of Google Cloud. The Fortress Vault helps companies across industry sectors protect their intellectual property rights (IP) and assets by storing content privately with the access, privacy, portability, and provenance enabled by the blockchain.
In a world already working digitally, documents can now be encrypted, stored, tracked, referenced, and accessed with clear provenance, immutable ownership, and records of authenticity that do not risk human error, false identity, or reveal private data. Vault is innovative in its ability to maintain the integrity of non-public data accessible through NFTs in industries such as music, event tickets, gaming, finance, transportation, real estate, and healthcare.
“NFTs aren’t just expensive JPEGs,” says Kevin Lehtiniitty, Fortress co-founder and CTO. “NFTs are a technology that allows us to access unique or irreplaceable data via a distributed ledger to prove authenticity and identify the provenance of the origin. If you can associate a token with data that can be accessed exclusively by the token holder — and only for the token holder — NFTs become a digital key. To unlock everything from music to event tickets to real estate instruments to healthcare records to real estate documents, and basically everything in the digital world.”
Prior to Vault, content on the blockchain was either viewable to the public or had to be hosted on unsupervised databases on computers distributed around the world. This excludes valuable or sensitive content and intellectual property from digital assets such as NFTs. With Vault, enterprise customers can now privately store their privileged IP address using a secure, unified, cloud-based solution.
“NFTs and blockchain will fundamentally transform every industry in our society,” adds Lehtiniitty. “By building the Fortress Vault on the secure infrastructure of Google Cloud, we are creating a vital pathway for Fortune 500 brands, government organizations, celebrities, and everyone else to build new and innovative products and services on blockchain technology with applicable privacy and compliance standards.”
“We look forward to collaborating with Fortress Blockchain Technologies and providing a secure cloud infrastructure to help enable their new Vault platform,” Carlos ArenaDigital Asset Manager, Google Cloud. “Our work together reinforces our larger mission to help empower the Web3 ecosystem with scalable technology and solutions that help build trust in the community.”
Prior to the launch of Vault, Fortress had already begun removing barriers with simple and streamlined APIs that supported companies at any stage of Web3 adoption to quickly launch and scale with embeddable wallets for NFTs and redeemable reward tokens; NFTs mint; and the integration of major financial services backed by a secure and regulated financial institution, the Fortress Trust. The Fortress Trust oversees the Vault, ensuring its privacy and compliance standards as a regulated entity.
around the castle
Fortress Blockchain Technologies is specifically designed to build the financial, organizational and technological infrastructure for the rapidly emerging Web3 space. This includes embeddable NFT and crypto wallets, frictionless minting engines, crypto vaults for non-public content, financial services for payments, compliance, custody, and crypto liquidity. The castle was recently raised a $22.5 million Seed tour led by Aeon Capital.
SOURCE Fortress Blockchain Technologies
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