Fortress Blockchain Technologies teams up with Google Cloud to bring private data storage for NFTs
Built on Google Cloud’s secure infrastructure, Vault helps businesses protect intellectual property, confidential documents and other electronic records on the blockchain
SINGAPORE, 28 September 2022 /PRNewswire/ — Today at Token2049 in Singapore, Fortress Blockchain Technologies announced the launch of The Fortress Vault, a new non-fungible token (NFT) database solution built on Google Cloud’s open, secure, scalable and sustainable cloud infrastructure. Fortress Vault helps companies across industry verticals protect their tokenized intellectual property (IP) and assets by storing their content privately with the accessibility, privacy, portability and provenance that blockchain enables.
We’ve teamed up with Google Cloud to bring IP protection and security to Web3
In a world that already operates digitally, documents can now be encrypted, stored, tracked, referenced and accessed with clear provenance, established ownership and authenticity records that do not risk human error, mistaken identity or reveal private data. Vault is an innovator in its ability to maintain the integrity of non-public data accessed through NFTs in industries such as music, event ticketing, gaming, finance, transportation, real estate and healthcare.
“NFTs are not just expensive jpegs,” says Kevin Lehtiniitty, co-founder and CTO of Fortress. “NFTs are a technology that allows us to access unique or non-fungible data via a distributed ledger to prove the authenticity and establish the provenance of the asset. If you can connect the token to data that is available exclusively to the token holder – and only to the token holder – then NFTs become a digital key to unlock everything from music to event tickets to real estate documents to health records to real estate documents, basically everything in the world that is digital.”
Before Vault, content on the blockchain was either publicly visible or had to be hosted in unmonitored databases on distributed computers around the world. This excluded valuable or sensitive content and intellectual property from digital assets such as NFTs. With Vault, enterprise customers can now privately store tokenized IP with a cloud-based, secure and unified solution.
“NFTs and the blockchain will fundamentally transform every industry in our society,” adds Lehtiniitty. “By building Fortress Vault on Google Cloud’s secure infrastructure, we are creating an important path for Fortune 500 brands, government organizations, celebrities and everyone else to build innovative new products and services on blockchain technology with privacy and compliance standards in place.”
“We look forward to teaming up with Fortress Blockchain Technologies and providing secure cloud infrastructure to enable the new Vault platform,” said Carlos Arena, Director, Digital Assets, Google Cloud. “Our collaboration reinforces our larger mission to help enable the Web3 ecosystem with scalable technology and solutions that help establish community trust.”
Prior to the launch of Vault, Fortress had already begun to eliminate barriers with simple, streamlined APIs that drive companies at any stage of Web3 adoption to rapidly launch and scale with built-in wallets for NFTs and fungible reward tokens; mint NFTs; and integrate essential financial services backed by a secure, regulated financial institution, Fortress Trust. Vault is overseen by the Fortress Trust, which ensures its privacy and compliance standards as a regulated entity.
About the fortress
Fortress Blockchain Technologies is purpose-built to create the financial, regulatory and technological infrastructure for the rapidly growing Web3 space. This includes built-in NFT and crypto wallets, frictionless minting engines, encrypted vaults for non-public content and financial services for payments, compliance, custody and crypto-liquidity. Fortress recently erected one 22.5 million dollars Seed Round led by Ayon Capital.
SOURCE Fortress Blockchain Technologies
