ALTR delivers cybersecurity platform

ALTR startup pops up to renovate security standards for data monitoring, governance and threat protection
06 June 2018   1229

The first commercial product gets released by ALTR to utilize benefits of blockchain in security area. The platform is backed with ALTRchain - data storage built on enterprise-grade blockchain technology. The ALTR platform is a data-security solution for organizations to monitor, access and store critical information.

The company has raised 15 mln USD in funding. A group of advisors include:

  • Mike Maples, former security executive at Microsoft and IBM;
  • Fred Burton, former deputy chief of the counterterrorism division at US Diplomatic Security Service;
  • Michael Hermus, former CTO of the US Department of Homeland Security

The platform is meant to be deployed between data and applications, pull the information at driver-level and stores it immutably on ALTRchain. The platform consists of ALTR Monitor (provides detailed intelligence on all data-access activities), ALTR Govern (lets users create and apply rules-based locks and access thresholds in real-time) and ALTR Protect (decentralizes sensitive data storing it across a private blockchain).

We have a choice between change or breach. etwork-focused security isn't enough because it never really puts a dent in the sheer number of vulnerabilities. Rather than patching the existing attack surface, ALTR has found a way to significantly reduce it. In fact, with ALTR's full solution in place, the threat vectors for data move to nearly zero. Digital trust can finally be restored.

 

David Sikora

CEO, ALTR

More information can be found here.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   53

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.