New York, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Today, AlphaPoint announces the AlphaPoint Asset Digitization solution making illiquid assets liquid by facilitating the digitization of assets and launching new markets. AlphaPoint also announces the release of the AlphaPoint TrustedVM™, a trusted virtual machine enabled by Intel® Software Guard Extensions (Intel® SGX) technology which allows smart contracts and blockchain services to run securely.
The latest release of the AlphaPoint Asset Digitization solution with AlphaPoint TrustedVM™ adds additional enterprise-class capabilities by securing access to information from intermediaries and network participants, thereby enhancing privacy and security to the AlphaPoint Distributed Ledger Platform. AlphaPoint has been working with some of the largest Fortune 100 financial institutions since 2013 to launch markets on blockchain technologies.
“With this upgraded solution, we are enabling rapid implementation of blockchain technology into production within months instead of years. Our financial services customers want the benefits of distributed ledger technology without the security and privacy limitations of existing blockchain solutions,” said Igor Telyatnikov, President and COO of AlphaPoint, “Using our technology with Intel’s security solutions enable customers to immediately deploy and manage secure blockchain applications.”
“Our collaboration with AlphaPoint aims to deliver enterprise-ready blockchain solutions to the financial services community,” said Rick Echevarria, Vice President, Software and Services Group and General Manager, Platforms Security Division, Intel Corporation. “AlphaPoint is expanding blockchain use cases to include illiquid assets; art, collectibles and real estate, and use of Intel® SGX will help increase the security and privacy of those transactions.”
Enterprise-ready Blockchain Platform
In collaboration with Intel®, the AlphaPoint Asset Digitization solution as designed at its core to help enterprises efficiently deploy blockchain solutions that implement business initiatives with world-class privacy and security. This solution was architected to create Trusted Virtual Machine™, or TrustedVM™, that leverages the trusted execution environment (TEE) that Intel® SGX enables. AlphaPoint’s solution utilizes the security and privacy capabilities of Intel® SGX, thereby allowing customers to benefit from several key technology and business advantages:
- Faster time to market - Quickly develop and deploy blockchain applications with proven technology.
- Hardware-enforced privacy and secure consensus - Execution and validation inside the TrustedVM™, ensuring data is not visible to any unwanted parties.
- Lower and predictable costs - With linear scalability, this technology improves total cost of ownership (TCO) and operational efficiencies.
- Simplified development - Smart contracts and applications may be written in TypeScript and JavaScript, instead of highly specialized languages.
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About AlphaPoint
AlphaPoint is a financial technology company helping make illiquid assets liquid. It enables customers to launch new products and services by providing institutions enterprise-grade blockchain solutions to digitize assets, launch markets, and reduce operational costs. AlphaPoint has offices in New York, San Francisco and Philadelphia and customers across 5 continents. For more information, please visit www.alphapoint.com.