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.
More information can be found here.