Fireblocks, a platform specializing in digital assets, has joined forces with Google Cloud to address a key issue in crypto security: managing private keys.
This collaboration will integrate Google Cloud’s Confidential Space Virtual Machine (VM) along with security features such as attestation service, identity and access management (IAM), and key management service (KMS) into the Fireblocks platform.
Blockchain technology, while inherently resistant to numerous attack vectors, still demands enhanced strategies for safeguarding assets. One such solution offered by Google Cloud is its Confidential Space service.
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Michael Shaulov, Fireblocks’ CEO and co-founder, highlighted the importance of the partnership, stating:
By integrating with Google Cloud’s Confidential Space, we’re giving our customers the ability to run critical digital asset operations in a highly secure and scalable environment.
Additionally, the collaboration is suited to enterprises and institutions needing advanced privacy and secure handling of their digital operations.
Confidential Space operates as a VM environment within Google Cloud, designed to keep sensitive data secure throughout its lifecycle.
Google Cloud’s Rene Kolga, a senior product manager, emphasized that the Web3 sector has embraced Confidential Space due to its ability to isolate and encrypt sensitive information at all stages. This innovation aligns well with Fireblocks’ mission to offer end-to-end security for digital assets, a goal further supported by the collaboration.
As digital asset security advances through partnerships like Fireblocks and Google Cloud, blockchain technology continues to reshape industries. Recently, Mastercard and JPMorgan teamed up to explore blockchain-powered payments in banking. How will this collaboration transform financial transactions? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
