Blockchain
MPC Alliance more than doubles membership
Innovators with a shared interest of increasing data privacy and security find common ground with secure Multiparty Computation (MPC)
San Francisco, 18 October 2022 – Meta, Bosch and nearly three dozen other companies have recently joined the MPC Alliance. The influx of new members elevates the organization’s membership to 59 as the cryptographic privacy and security technology gains more support across a range of industries.
The MPC Alliance is a non-profit established to increase awareness and promote adoption of the privacy-enhancing technology.
The announcement follows its recent MPC Data Privacy Summit, now available on-demand, which explored the use cases for and future of MPC technology for privacy and collaboration.
“Multiparty computation or MPC has unquestionably emerged as a critical and trusted data security technology over recent years, and adoption of the technology is rapidly expanding in a wide variety of data privacy applications,” said Frank Wiener, President of the MPC Alliance and Marketing Director at Blockdaemon. “We’re adding multiple new members each month – which gives us more resources to take on new initiatives. Having major institutions like Meta join the organization strengthens the alliance and provides even greater market validation.”
“Last year, we shared our longer-term vision on privacy-enhancing technologies and how we believe they will become foundational to the future of personalized advertising experiences. MPC is a critical part of this technology stack, and we believe industry collaboration is essential for the development of interoperable solutions and a shared set of standards to support a free and open internet. The MPC Alliance is already leading the industry in increasing the understanding and adoption of MPC for various applications, and we are proud to be part of the effort,” said Sanjay Saravanan, who leads the Applied Cryptography Research group at Meta.
MPC Alliance now has 59 members. Among the 34 new companies joining the body are Alexandra Labs, Algemetric, Anjuna, Atato, Bosch, Cape Privacy, ChainSafe, Ciphermode Labs, Cryptosat, Custonomy, Desilo, Dfns, DuoKey, Finema, HyberBC, IO FinNet, Matrix Labs, Meta, Metaco, Nillion, Parfin, Partisia Blockchain, Parfin, Protego Trust, Provable Markets, Roseman Labs, Safeheron, Safematrix, Silence Laboratories, Spatium, Taurus, TNO, Triangle, and Tune Insight. For the full list of current members, visit: www.mpcalliance.org.
The MPC Data Privacy Summit brought together technology providers and users, academic and commercial organizations, regulators and legal experts to discuss MPC and privacy.
Keynote presentations from Meta, Google, the European Commission and Partisia Blockchain showed how the technology is being applied to solve real-world problems and why MPC has emerged as the privacy technology of choice for crypto-native service providers and traditional finance service providers alike.
For more information and to register, visit: https://mpcalliance.brighttalk.live/
About MPC
MPC is a cryptographic security technique that can help achieve the right balance between data privacy and data utility by building important privacy features into the data journey. It allows for multiple parties to compute a function using each other’s inputs while keeping the data of each contribution truly private. It also ensures collaborative information-sharing while mitigating the risk for privacy and security.
MPC has emerged as the security technology of choice in the massive cryptocurrency and digital asset markets. An estimated 1,500 to 2,000 different institutional investors, banks, exchanges, custodians, and enterprises now use MPC to protect the private keys which control digital assets valued in the billions of dollars. Major enterprises have also deployed MPC-based key management solutions to protect keys used to provide secure communications, signing and verifying the authenticity of code, as well as encrypting critical data and more.
MPC is gaining momentum in data privacy applications where it is providing game changing opportunities to enhance advertising to collaboration on a variety of applications ranging from machine learning to healthcare, to fraud detection and more. In some applications, MPC is a replacement or alternative technology, but in others it is applied in combination with other privacy enhancing technologies (PETs) to materially improve overall security, privacy, and efficiency.
ENDS
About MPC Alliance
The MPC Alliance is a non-profit industry alliance with a charter to increase market awareness, acceptance, and adoption of Multi-Party Computation (MPC) based technologies, products and services. Companies developing or applying MPC to solve real world problems are invited to join, contribute, and participate in accelerating market awareness and adoption of MPC. Visit www.mpcalliance.org for more information. You can also follow us on LinkedIn, Facebook, and Twitter.
For PR enquiries, please contact James Curry at [email protected].
Source: RealWire
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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