Fireblocks, a digital assets platform, has partnered with Google Cloud to incorporate “Confidential Space” security features to improve the security of its private key management (PKM) offerings.
Alongside an array of security tools, such as an attestation service, identity and access management (IAM), and key management service (KMS), the integration integrates Google Cloud’s security with the Fireblocks platform.
The Fireblocks platform purportedly enables end-to-end security for digital assets through the suite, which, according to the company, satisfies all relevant regulatory and compliance requirements.
According to Michael Shaulov, the CEO and co-founder of Fireblocks, the company provides customers with the capacity to “operate critical digital asset operations in a highly secure and scalable environment” by integrating with Google Cloud’s Confidential Space.
Shaulov stated that the integration will benefit large enterprises and institutions, necessitating improved privacy and security features for their digital asset operations.
Protection of digital assets
The digital assets management industry is a dynamic field continuously changing, straddling the intersection of technology, security, and, in many instances, blockchain. Fireblocks has established itself as a fundamental participant in the industry.
Cointelegraph recently reported that Immutable, a Web3 company based on the Ethereum blockchain, has recently enlisted Fireblocks as an ecosystem partner to help game developers securely store and manage their assets.
Area of Confidentiality
A leveraged approach is necessary to address the challenge of securing blockchain-based technology, which is inherently resilient to many attack vectors. The “Confidential Space” service is one approach that Google Cloud employs to achieve this.
Confidential Space is a virtual machine environment within the Google Cloud platform that fosters “confidential computing.”
In this context, the primary advantage of confidential computing is that it ensures that data remains isolated at all times. Regardless of whether they are in use, all digital assets stored in Confidential Space are subject to encryption. The absence of this safeguard would necessitate encryption to safeguard assets during storage or transmission.
Confidential Space has been “widely adopted by the Web3 industry,” according to Rene Kolga, senior product manager at Google Cloud.
The partnership with Fireblocks is expected to broaden the company’s presence in the rapidly growing digital assets sector, which Alphabet owns.
