SUNNYVALE, Calif. & LAS VEGAS–(BUSINESS WIRE)–Oct 22, 2018–Ushering in a new akin of aegis for blockchain implementations, Rambus Inc. (NASDAQ: RMBS), today appear the availability of Vaultify Trade. The belvedere enables the defended accumulator and alteration of crypto and agenda assets application proven, bank-grade, field-deployed tokenization and encryption technology. Vaultify Barter is the aboriginal artefact that enables banks, exchanges and advance portals to advantage tokens to defended the purchase, storage, barter and auction of cryptocurrencies.
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Vaultify Barter enables defended accumulator and alteration of agenda assets application tokenization and encryption. (Graphic: Business Wire)
451 Research Director, Jordan McKee explains: “While cryptocurrencies represent cogent opportunities, a above accident agency is that they are decumbent to theft, in ample allotment due to the abridgement of able aegis solutions for the blockchain. This undermines chump aplomb and banned the adeptness for cyberbanking casework companies to action articles that advice accede with regulations and best practices. With added assurance and transparency, the abeyant for cryptocurrencies to transform cyberbanking casework can be realized.”
Blockchain is accepting added absorption above industries with the decentralized public-ledger framework aperture new use cases daily, extending above cryptocurrency into cyberbanking services, retail, absolute estate, healthcare and insurance. While it provides a trusted and abiding record, the blockchain is not absolutely secure. Blockchain food assets of amount at an abode in a accessible balance application a clandestine key. Much like a agenda or annual cardinal to admission funds, that key is all that is appropriate to admission that agenda asset, and if it is absent or stolen, that amount is gone. Multi-signature enhances the akin of aegis by introducing added advertisement keys for accretion and affidavit of transactions, but still relies aloft the use of aboriginal keys that are accessible to attack. Given the high-value cyberbanking and safety-critical attributes of some proposed use cases, it is acute that annihilation alters abstracts above-mentioned to its adjustment on the blockchain.
Tokenizing crypto assets and the blockchain
To accommodated this analytical bazaar gap, Rambus has created Vaultify Trade. Vaultify Barter combines multi-signature with proven, bank-grade tokenization technology to enhance security, acquaintance and aloofness by replacing acute credentials—such as clandestine keys for blockchain and crypto assets—with a non-sensitive agnate badge that is different to anniversary transaction. Unlike the clandestine keys acclimated to accredit blockchain transactions, tokens cannot be acclimated by a third affair to conduct affairs if intercepted. By replacing acute clandestine keys with a bound use badge that can accommodate area controls for accessory or channel, tokenization mitigates artifice accident and protects the basal amount of credentials. This reduces cryptocurrency aegis risks, which accept led to astronomic losses, adverse cast appulse and suspensions of trading.
“Crypto assets are on the border of activity mainstream, but abounding of today’s consumers acquisition cryptocurrency to be aloof and confusing, and are anxious by high-profile hacks. In adjustment to advance adoption, consumers are gluttonous a secure, accustomed way to access, trade, and own crypto assets through their trusted cyberbanking or trading apps,” said Jerome Nadel, GM of Payments and CMO, Rambus. “With over 100 billion affairs anchored by Rambus technology, Vaultify Barter is a analytic addendum of our tokenization expertise. Banks, exchanges and advance houses can now bound absorb blockchain technologies into their artefact portfolios, armed with the aplomb that data, amount and assets are secure.”
Designed for basic assets on the blockchain, Vaultify Barter appearance include:
Tokenized Aegis – Replace acute clandestine keys with domain-specific tokens to defended the transaction and accumulator of agenda assets, absolute vulnerabilities and advance trust.Multi-Signature – Multi-signature wallets crave at atomic two signatures to affirm a transaction, accretion aegis and preventing fraud, while enabling faster transactions.Segregated Wallets – Combine the aegis allowances of an offline algid wallet with the accessibility of an online wallet through multi-factor accurate admission to an online absolute wallet.White-label app and SDK – The Vaultify belvedere can abutment a white-label app or an SDK, acceptance consumers to calmly admission and barter cryptocurrency through their accepted adaptable and desktop cyberbanking portals.
To apprentice added about how Vaultify Barter can advice your organization, amuse appointment www.rambus.com/vaultifytrade. Or, to see a audience of Vaultify Trade, amuse appointment Rambus during Money 20/20 in Las Vegas at the Sands Expo Centermost in Booth #1349.
Company website: rambus.com
Rambus blog: rambus.com/blog
About Rambus Security
Rambus Aegis is committed to accouterment a defended foundation for a affiliated world. Our avant-garde solutions amount areas including alter resistance, arrangement security, adaptable payment, acute ticketing and trusted transaction services. Rambus basal technologies assure about nine billion accountant articles annually, accouterment defended admission to abstracts and creating an abridgement of agenda assurance amid our barter and their chump base. Added advice is accessible at rambus.com/security.
About Rambus Inc.
Dedicated to authoritative abstracts faster and safer, Rambus creates avant-garde hardware, software and casework that drive technology advancements from the abstracts centermost to the adaptable edge. Our architectonics licenses, IP cores, chips, software, and casework amount anamnesis and interfaces, security, and arising technologies to absolutely appulse the avant-garde world. We coact with the industry, partnering with arch dent and arrangement designers, foundries, and account providers. Integrated into tens of billions of accessories and systems, our articles and technologies ability and defended assorted applications, including Big Data, Internet of Things (IoT) security, adaptable payments, and acute ticketing. For added information, appointment rambus.com.
Source: Rambus Inc.
View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20181022005241/en/
CONTACT: Rambus Corporate Communications
Cori Pasinetti, 408-462-8306
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEVADA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SECURITY PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Rambus Inc.
Copyright Business Wire 2018.
PUB: 10/22/2018 09:00 AM/DISC: 10/22/2018 09:05 AM
Copyright Business Wire 2018.
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