Real World Solutions For Next Gen Online Services
Industry adoption of blockchain based applications and more conventional online services is unleashing breakthrough innovation across countless industries. These innovations are pushing the boundaries of technology across all fronts, not the least of which is security with effective key management.
Regulatory compliance is well defined in certain areas, particularly regarding health and financial data. However, regulators have not kept pace with the rate of change of technology. The scope and depth regulations regarding blockchains and cryptocurrencies are yet to be determined.
Sepior’s industry leading implementations of threshold cryptography address the critical needs of current and rapidly emerging use cases by addressing the architectural and operational aspects which make these services different from the past. They also serve as a platform, with an advanced level of granular control and off-chain constructs making it easier to adapt to future regulatory requirements as they emerge.
Blockchain / Smart Contract Privacy Control
Private blockchains with smart contracts promise to revolutionize how businesses transact with one another and end customers. But the recording of content on a ledger viewable by all participants can be problematic.
Most blockchain technologies do not support native mechanisms to control varying levels of access for specific participants. Blockchain technologies that natively support on-chain privacy controls often come with elevated concerns over scalability, privacy granularity, and complexity.
Threshold KMS represents a new opportunity to support privacy control through fine grained access control on a per-user basis, without limiting applications to one particular blockchain technology, and without increasing blockchain complexity, or on-chain workloads.
Cryptocurrency Wallet and Transaction Security
Cryptocurrencies operate in a world of anonymity and indelible ledgers, making transactions non-reversible and security more important than ever.
MultiSig is the former gold standard for wallet security, requiring multiple parties to each sign off on transactions, each using their own key.
ThresholdSig is the new gold standard for secure wallets and transactions (SWAT), supporting multiple approver functionality with threshold multiparty computation which generates a single signature for the transaction. The result is security which is at least as good and typically better than multisig, provides greater privacy, and reduces transaction size for lower transaction fees and higher transaction throughput. It’s simply a better solution for everyone.
Threshold KMaaS For CSPs
Maintaining the confidentiality, integrity, and access of customer data stored in cloud services is important for any SaaS or MSSP offering. Giving customers more control with operationally transparent and cost-effective key management as a service (KMaaS) will be an increasingly important requirement.
KMaaS can be provided using hardware security modules (HSMs), but with substantial costs and operational complexity. And customers must trust that the CSP will not exploit their control of the HSM for unauthorized purposes, including warrant compliance.
Threshold KMaaS, a white label service available to CSPs, gives SaaS and MSSP providers the option to easily integrate and offer HSM-like KMaaS, without the cost or complexity of procuring, managing, and maintaining HSMs. It also provides the option for the CSP to offer KMaaS as a fully managed service, allow customers to host their own BYOK service, or use that BYOK service for multi-cloud key management.