In an exclusive piece of news, inabit collaborates with Google Cloud to reinforce the security of cryptocurrency transactions.
Tel Aviv's crypto saviors team up with Google Cloud
Secure your crypto assets, fo' realz! Inabit, the badass crypto security firm hailing from the bustling streets of Tel Aviv, has joined forces with Almighty Google Cloud. Their aim? To supercharge cryptocurrency protection using Google's chilled-out Confidential Computing tech.
This power couple is on a mission to thwart private key breaches and safeguard your crypto transactions from the nasty clutches of hackers, both inside and out. After all, who needs their hard-earned tokens ripped off, right?
The alarm bell for stronger security has been blaring since that July 2023 Multichain hack, where vicious attackers made off with a whopping $125 million thanks to pilfered private keys.
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Inabit's winning combo pairs its nifty Trusted Computing Mechanism with Google Cloud's Confidential Space, locking your private keys away even during transaction action time.
"Confidential Computing-powered Trusted Execution Environments are the new sheriffs in town across the Web3 scene," said Rene Kolga, respectably known as Google Cloud's Senior Product Manager.
Kolga underscored just how Google's platform whacks up security for businesses handling precious digital assets across the globe like the grandma who protects her chocolate stash.
Dr. Moti Geva, inabit's CTO and Israel's former CERT-IL boss, promised that this collaboration puts users firmly in control and keeps their digital assets under lock and key.
"Our TCM tech, coupled with Google Cloud's encryption, creates an impenetrable shield against vulnerabilities that have bugged other digital wallet solutions," Geva declared.
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Already, this collab's helping banks and biznesses manage their crypto and dough soft as a cloud without the risks of internal attacks or uninvited snoops.
The system grooves with high-volume transactions and makes secure swaps and converts a breeze. Dr. Geva hinted that inabit's working hard to bring trusted computing tools for the masses, once only playthings for defense and high-rollers in finance. "We help all sizes of biznesses embrace crypto in a secure and smooth way," spailed Dr. Geva.
With this hookup, inabit eyes advancing self-custody infrastructure for institutional and enterprise crypto adoption, bringing digital asset management closer to traditional finance.
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[1] CoinDesk[2] Business Wire[3] Inabit[4] Google Cloud[5] NIST
- Inabit, the Tel Aviv-based crypto security firm, has partnered with Google Cloud to utilize Google's Confidential Computing technology, aiming to enhance cryptocurrency protection and shield users' private keys from potential breaches.
- With the collaboration, inabit's Trusted Computing Mechanism and Google Cloud's Confidential Space create an impenetrable shield, ensuring the safety of digital assets during transactions.
- This partnership promises to bring enhanced security to businesses handling digital assets globally, making crypto and finance management more secure and efficient.
- By employing the benefits of Confidential Computing, inabit aims to advance self-custody infrastructure, promoting wider crypto adoption among institutions and enterprises, thereby bringing digital asset management closer to traditional finance.
