Blockchain
Ocean Falls Blockchain Integrates Fireblocks’ Technology for Secure Custody
Vancouver, British Columbia–(Newsfile Corp. – May 10, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce it has integrated with Fireblocks Inc. (“Fireblocks”), an award-winning crypto-technology provider. Using Fireblocks’ institutional-grade digital asset and custody technology and secure transfer platform (the “Fireblocks Network”), the Company will be able to offer secure asset custody and fund management while tapping into the largest crypto-liquidity network.
Fireblocks serves over 1,200 financial institutions and has been used for the transfer of over US $2 trillion in digital assets through the Fireblocks Network. It also offers a unique insurance policy that covers assets in storage and transit.
“Fireblocks will provide an increased level of security for our transactions, allowing for the safe transfer and storage of digital assets. By integrating their MPC-CMP technology, we will be able to improve our wallet security and custodial capabilities. In addition to offering what we believe is the best crypto-technology available to build our custody solution, Fireblocks’ easy-to-use digital asset platform makes integration quick and easy, saving us time and money,” said Kevin Day, CTO of OFB.
The Fireblocks Network secures digital asset management and transfers, allowing institutions and organizations to self-custody their own assets through a combination of Multi-Party Computation (“MPC-CMP”) and Software Guard Extensions technologies for transaction signing and private key management. Through the Fireblocks Network, institutions can tap into the global crypto markets and instantly send and receive digital assets.
MPC-CMP has become one of the primary technologies that wallet providers and custodians are utilizing to secure crypto assets.
In general terms, MPC-CMP enables multiple parties – each holding their own private data – to evaluate a computation without ever revealing any of the private data held by each party (or any otherwise related secret information).
The two basic properties that a MPC-CMP protocol must ensure are privacy and accuracy.
With an MPC-based wallet, the private information held by the parties cannot be inferred from the execution of the protocol. In addition, from an accuracy perspective, if a number of parties within the group decide to share information or deviate from the instructions during the protocol execution, the MPC will not allow them to force the honest parties to output an incorrect result or leak an honest party’s secret information.
“Multi-sig solutions should be seen as legacy software. It is unable to support the needs of businesses today that need to interact with cryptocurrencies on blockchains other than Bitcoin,” said Fireblocks CEO, Michael Shaulov.
“With a diverse portfolio of assets under management, businesses like Ocean Falls require a multi-layer security solution that’s also protocol agnostic. By integrating with Fireblocks, Ocean Falls has that flexibility in addition to the perks of being able to plug directly into the global crypto-markets.”
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information about Fireblocks, visit fireblocks.com.
About Ocean Falls Blockchain Corp.
Ocean Falls Blockchain Corp. is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in the historic town of Ocean Falls, B.C. The Company is also creating a new sustainable solution for the captive insurance industry. For more information about OFB, visit oceanfallsblockchain.com.
For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
[email protected]
Forward-Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: offering of secure assets custody and management of funds, improvement of wallet security and custodial capabilities and future changes that may be implemented as a result of integration of the Fireblock Network and MPC protocols. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
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Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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