Current security vendors are largely obsessed with either preventing unauthorized access to the perimeter of the corporate network, or securing user end points at the application or device level. These approaches can leave IT SecOps and development teams playing ‘whack-a-mole’ attempting to keep up with the latest threat vectors and preventing unauthorized or unintended breaches of sensitive data.
Austin, TX-based ALTR has taken a novel approach to solving this problem by assuming the network is already breached, and responding with a blockchain-based data security solution. No, not the kind with Bitcoin trading; nor a public blockchain given to crypto-kitty performance hits like Ethereum. ALTR has developed its own proprietary governance platform to allow companies to fragment data into a securely encrypted, private and permissioned blockchain network.
According to CEO Dave Sikora, ALTR has ‘weaponized the blockchain concept of distributed consensus to secure one version of truth for corporate data.’ The solution fragments data into a securely encrypted and access monitored blockchain platform, then replaces it with a decryption token and API model which allows applications to quickly call on this data from a private, decentralized network at a lower latency suitable for enterprise-scale applications.
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