SEOUL, South Korea, June 24, 2020 /PRNewswire/ — Penta Safety, a number one cybersecurity firm in Korea, introduced the discharge of its unique MPC (Multi-Occasion Computation) resolution that runs on a cryptographic protocol which operates computations primarily based on the consensus of a number of events. This not solely secures transactions, however permits cryptographic keys to be saved and shared safely for the safety of delicate information.
With a sturdy signature perform that enhances vulnerabilities of the present multi-signature resolution, MPC eliminates Single Level of Failure (SPOF) and supplies strictest safety with a scaled up digital signature mechanism that stops the outflow of personal keys. By leveraging its distinctive computation course of, the answer will also be utilized to a number of environments that require multilateral agreements for cryptographically validated consensus processes the place high-level safety is in nice demand.
Moreover, the answer is on the market in OpenSDK format for firms dedicated to testing and growing the answer in a sophisticated setting. The customers are capable of benefit from the comfort unencumbered by the present digital asset administration platforms the place technical and financial advantages are diminished by the complexity of environments with a single signature mechanism.
“Making use of MPC to digital asset administration and permitting every participant to be unbiased from the dangers is a turning level for these organizations trying to undertake highly effective safety options,” stated SangGyoo Sim, CTO of Penta Safety. “Penta Safety’s MPC resolution is not going to solely improve the general key administration safety however make it attainable for them to goal in the direction of growing the next-generation MPC-deployed setting as a strategy of overcoming one of many largest safety challenges within the trade.”
Penta Safety lately joined MPC Alliance to unleash revolutionary options by means of collaborations with trade leaders together with Enigma, Fireblocks, Samsung SDS, Unbound tech, and NuCypher. To study extra about Penta Safety’s MPC resolution, please visit the website for extra data.
Penta Safety’s MPC Answer Web site: https://mpc.pentasecurity.com/
About Penta Safety
Penta Safety Techniques Inc. is a pacesetter in information, IoT, and blockchain safety options and providers. With 23 years of experience in powering secured connections, Penta Safety is the highest cybersecurity vendor in Asia, as acknowledged by Frost & Sullivan, and APAC market share chief within the WAF trade. Penta Safety continues its push for innovation as a pioneer in securing blockchain-based environments. For extra data on Penta Safety, go to www.pentasecurity.com. For partnership inquiries, electronic mail [email protected].
SOURCE Penta Safety Techniques
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