ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Thursday Nov 22nd 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Vault One Leverages Ethereum Blockchain Technology To Secure Data

By

Jeremy

Nation

WriterETHNews.com

Vault One revealed a security solution which utilizes a private Ethereum blockchain to secure corporate data.

On August 2, 2017, blockchain-based cybersecurity startup Vault One announced the global release of Vault One Solution, a method for securing sensitive data on a private Ethereum blockchain.

Vault One tackles an issue surrounding Privileged Account Management (PAM) by integrating Ethereum alongside traditional security methods. Hardware vaults containing passwords, private keys, or any confidential information are cryptographically tokenized on the blockchain. These tokens are used during the transaction process, validating who has access to the information. The result is an end to data breaches caused by hacked or leaked passwords, which are not part of this secure system whatsoever. Furthermore, the blockchain offers an immutable history of who accessed the server and what information they obtained.

CEO and founder of Vault One Leonardo Cooper has a wealth of experience working for government justice agencies, as well as from being a developer of among the first end-to-end encrypted communications solutions. “Most of the data breaches that occur today are due to poor management of Privileged Account Management credentials,” said Cooper. “Instead of patching up this system, we developed Vault One to do away with it all together, enhancing security but maintaining accessibility.”

The solution Vault One offers will give access to smaller companies that require security services, allowing them to avoid a costly overhaul of technology and cyber-security systems. Further, Vault One claims to be the only company to have a blockchain-based answer for small businesses to the security issues PAM brings to light.

"Password-secured security solutions have quickly become outdated, leaving millions of businesses vulnerable to breaches”, explained Cooper. “Blockchain solves this issue by upping security to the next level without compromising on accessibility – which is pivotal when it comes to running a small business efficiently.”

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Vault One, Vault One Solution or other Ethereum application news.