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Blockchain Press Releases

Cato Networks Named a “Leader” in Zero Trust Edge (ZTE) Report by Leading Research Firm




The report evaluates 10 vendors and finds Cato to be the “poster child” for ZTE and SASE. Cato SASE Cloud receives the highest marks in recommended areas defining ZTE

TEL AVIV, Israel, Aug. 16, 2023 /PRNewswire/ — Cato Networks, provider of the world’s leading single-vendor SASE platform, announced today it was named a “Leader” in The Forrester Wave™: Zero Trust Edge Solutions Q3 2023 Report. The report’s comprehensive review of Zero Trust Edge (ZTE) solutions, Forrester’s term for SASE, gave Cato the highest possible scores across subcategories aligning with three recommended areas for considering ZTE – unified and centralized cloud management, a resilient backbone with sophisticated controls, and Zero Trust Network Access for remote access.

“Cato Networks is the poster child for ZTE and SASE,” notes the report. “Founded by Shlomo Kramer of Check Point Software Technologies and Imperva fame, Cato Networks started with a strong security pedigree and built a global platform of distributed PoPs from which to deliver security as a service. Cato has a strong strategy paired with a truly unified networking and security solution and has shown real security innovation within its single-pass architecture platform.”

“We are honored to be recognized by Forrester as a “Leader” in this Wave. Cato architected a platform that was purpose-built for ZTE and SASE, one that is valued by our thousands of customers and partners for its simplicity, agility, security posture, and optimal performance,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “We are happy to see their excitement reflected by leading industry analysts’ reports.”

ZTE Converges Networking and Security as a Unified Service

The Forrester report found that early-adopting reference customers were enthusiastic about the Cato SASE Cloud. “Multinationals, financials, and firms looking to consolidate security functions and replace MPLS will find Cato a compelling choice,” according to the report. “Cato has a strong strategy paired with a truly unified networking and security solution and has shown real security innovation within its single-pass architecture platform,” writes Forrester.

Zero Trust edge architectures merge and deliver networking and security functions as a service. Forrester recommends customers look for ZTE solution providers that meet three criteria:

Have unified and centralized cloud management. Achieving higher levels of trust and automation requires ruthless standardization. This applies to ZTE solutions. Customers should ensure that their ZTE provider has a single, cloud-based interface that provides standard and consistent methods to create and deploy both network and security policies. The configurations and monitoring data should reside in a single data lake to eliminate data duplication, multiple security policies, and poor collaboration.

Build a resilient backbone with sophisticated controls. Business wide networking fabrics need more than first- and last-mile connectivity controls. ZTE vendors have recognized the value of optimizing and conditioning application traffic throughout the application’s journey by including managed backbones as part of their ZTE offering. The number of points of presence (PoPs) that connect to the backbones, the types of links between backbone nodes, and the amount of services (such as traffic optimization or virtual fires) at node and PoP can vary dramatically. Some ZTE vendors have developed backbones with a richer set of controls than vendors using infrastructure-as-a-service (IaaS) networks exclusively.

Utilize Zero Trust network access for remote access, replacing VPNs. All ZTE solutions have a combination of Zero Trust network access (ZTNA), secure web gateways (SWGs), and cloud security gateways (CSGs, aka CASBs). Look to providers offering a strong ZTNA capability to reduce your organization’s threat surface and protect your critical data. The best of these solutions can also help discover the applications that you need to protect.

Cato SASE Cloud Excelled in Core ZTE Criteria

Cato SASE Cloud earned the highest score possible in sub-criteria aligned with all three of these areas. In terms of management, Forrester found that Cato delivered:

  • Centralized network and security management. “A cloud-delivered portal with a clean, intuitive interface manages all networking and security capabilities. The management plane and data lake are unified,” according to the criteria description.
  • Administrative experience. “The solution is not just centrally managed but provides superior UX. Common workflows are easy to get to and streamlined; they guide the user to make correct policy.” according to the criteria description.

In terms of a resilient backbone with sophisticated controls, Forrester found that Cato delivered:

  • Network reach and function. “The vendor has 80 or more sites that host ZTE services. PoP sites sit in colocation facilities allowing the solution to choose the best paths across the backbone,” according to the criteria description.
  • Best path selection and performance across their backbone. “The solution has traffic control over the links in its backbone and can route traffic over the best paths. The vendor has site reliability engineers continuously evaluating the backbone,” according to the criteria description.

And in terms of utilizing ZTNA for remote access, Forrester found that Cato delivered:

  • Zero Trust Network Access (ZTNA): “The vendor’s agent authenticates and authorizes the user and provides multiple advanced features such as universal ZTNA, interception of all ports and protocols, TCP acceleration, application discovery, microsegmentation or auto quarantine,” according to the criteria description.

For more information about Cato Networks’ ranking, download The Forrester Wave™: Zero Trust Edge Solutions Report, Q3 2023 here.

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About Cato Networks

Cato provides the world’s most robust single-vendor SASE platform, converging Cato SD-WAN and a cloud-native security service edge, Cato SSE 360, into a global cloud service. Cato SASE Cloud optimizes and secures application access for all users and locations everywhere. Using Cato, customers easily replace costly and rigid legacy MPLS with modern network architecture based on SD-WAN, secure and optimize a hybrid workforce working from anywhere, and enable seamless cloud migration. Cato enforces granular access policies, protects users against threats, and prevents sensitive data loss, all easily managed from a single pane of glass. With Cato, businesses are ready for whatever’s next.

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Blockchain Press Releases

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology




Singapore-based blockchain pivots to artificial intelligence to unlock new frontiers in blockchain efficiency, scalability, intelligence, and security; and deploys $50 million ecosystem fund to support the AI transformation initiatives.

SINGAPORE, April 12, 2024 /PRNewswire/ — In a transformative move for the blockchain industry, aelf, a pioneering blockchain network, has announced its strategic shift to integrate artificial intelligence (AI) within its blockchain. This significant leap forward marks the beginning of a new phase for the aelf blockchain, transitioning from a decentralised network to a vibrant ecosystem enriched with state-of-the-art AI models and agents, broadening its functionalities and enriching user experiences.

“The integration of computation, LLM (large language model) and agents within the aelf’s blockchain is not just an enhancement; it’s an evolution,” stated Auric, Founder of aelf. “7 years ago, we have identified blockchain’s future and been relentlessly developing modular systems, parallel processing, cross-chain bridges and cloud-native architecture, which are now what the industry has been talking about. Now, we envision AI as the next catalyst for the future of blockchain and are determined to be the first in Asia to bring this evolution to fruition. This AI transformation is about cultivating a self-evolving system—a smarter, self-learning blockchain where each new block is more advanced than the last.”

To nurture and accelerate the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will be strategically deploying its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. With the roll-out of developer-friendly toolkits, aelf will further catalyse this AI blockchain innovation by empowering the community to utilise those new technologies for data pre-processing, model training, fine-tuning and deployment, agent development, on-chain deployment and monetization with the aelf blockchain environment.

Existing projects and games on the aelf blockchain are set to integrate these AI capabilities while new projects will benefit from aelf’s robust foundation, offering a dynamic and responsive blockchain ecosystem that delivers enhanced efficiency, strengthened security protocols, and sophisticated intelligent automation.

This AI transformation embodies aelf’s commitment to fostering an environment of continuous innovation and maintaining its position at the forefront of blockchain technology. With a steadfast dedication to expanding its capabilities, aelf remains focused on generating user-centric value and propelling the entire blockchain domain forward.

About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network.

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Blockchain Press Releases

Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition




SINGAPORE, April 12, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue unveiled a new competition available to all users on the platform that comes with a total prize up to $850,000 USDT in a recent X announcement.

The contest is being held in honor of the much anticipated Bitcoin Halving – an event that occurs once every four years to regulate the supply of new BTC entering the digital asset economy, and helps ensure long-term value through scarcity of supply.

The competition will rank traders according to their trading volume on the exchange during the contest period. The competition begins on Thursday April 11th and will continue until the halving event occurs (estimated April 20th). The prizepool will increase according to the number of valid participants in the competition, with the grand prize winner set to take home 25% of the total reward (212,500 USDT). All participating users will have a chance to win prizes regardless of their final rank.

With all eyes on this historic event, Bitrue is thrilled to be able to offer an exciting and rewarding way for its 10 million users to mark the occasion and provide them with an opportunity to earn a life changing amount of money. Interested parties should sign up on the Bitrue exchange now in order to be ready for when the contest goes live on April 11th.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.

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Financial industry bodies defend permissionless blockchains against Basel Committee’s classification




Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.


The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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