DieFi reduces the risk of lost digital assets due to memory loss, emergency or death
GIBRALTAR, United Kingdom / ACCESSWIRE / September 29, 2022 / FortKnoxster, a leading cybersecurity company in the crypto space, launched its DieFi solution at Token2049 in Singapore. DieFi is designed to avoid lost digital assets, a trillion-dollar problem in the industry. According to Chainalysis, over 20% of all crypto is inaccessible due to memory loss, failure or death.
DieFi solves this problem, paving the way for Web3 mass adoption. The Diefi platform enables users to register their crypto information in a trustless end-to-end encrypted environment based on the zero-knowledge principle. FortKnoxster, nor anyone else, can access all stored data, therefore it can only be accessed by holding the exact private keys of the DieFi platform.
DieFi enables users to assign beneficiaries to specific crypto assets i.e. ledgers, wallets, NFTs, nodes etc. DieFi also comes with E2E encrypted file storage where confidential documents, notes etc. can be stored safely.
In emergencies, a so-called Dead Man’s Switch is triggered. Then DieFi will automatically contact the assigned recipients, who will undergo extensive real-time ID verification, including facial scans and multiple security checks. If the verification process is passed, the recipient will be given the DieFi private keys and can then log in to the benefactor DieFi platform.
Once the recipient is logged in, they can access all registered information and act accordingly. Multiple beneficiaries can be assigned specific assets or dedicated file folders.
Furthermore, users can assign themselves as beneficiaries, and in the case of e.g. memory loss, they will be able to regain access to their crypto.
CEO and co-founder Niels Klitsgaard comments: “Since the early days of crypto, this has been a significant issue in the industry. We are pleased that we are now helping to raise the bar in the web3 ecosystem and take crypto security to the next level, benefiting not only the user – but also the loved ones.”
DieFi is designed with the strongest encryption algorithms available combined with a number of different technologies such as time-based encryption, smart contracts, AI and zero-knowledge architecture.
FortKnoxster, founded by Danish cyber security experts, has developed the DieFi solution over the last few years. The platform can be used by both crypto holders and professional institutions. The DieFi platform has been audited by three leading security companies.
Press contact: [email protected]
Website: https://fortknoxster.com/
Telegram: https://t.me/FortKnoxster
Twitter: https://twitter.com/fortknoxster
SOURCE: Fortknoxter
