Inabit, a supplier of safe solutions for cryptocurrency management, has announced a collaboration with Google Cloud to improve security for cryptocurrency transactions and digital asset management. This collaboration will use the confidential computer platform of Google Cloud to create safe environments where cryptocurrency private keys remain coded and inaccessible, even during active use. The collaboration comes in response to recent controversial infringements of security, such as the incident with Multichain in July 2023, that emphasized the need for robust solutions for private key management. By integrating his own trusted computer mechanism (TCM) with the confidential space of Google Cloud, Inabit wants to eliminate vulnerabilities in connection with traditional storage solutions. The new technology has already enabled financial institutions to safely process cryptocurrency transactions with high volume, which reduces risks by internal infringements and unauthorized access. CTO Van Inabit, Dr. Moti Geva, emphasized the importance of offering safe self -herb solutions with which companies with confidence can assume cryptocurrencies in a digital economy.
Credit : cryptonews.net
