DIA Leverages IBM Cloud and Confidential Computing to Help Secure Its Decentralized Financial Information Platform

Armonk, N.Y., and Zug, Switzerland, January 26, 2021. IBM (NYSE: IBM) and DIA today announced that DIA is migrating its platform to the IBM Cloud and leveraging IBM Cloud Hyper Protect. Services manage the source, storage, processing and subsequent release of financial data. IBM Cloud Hyper Protect Services is a hybrid cloud offering designed to provide sophisticated encryption to help protect highly sensitive data, which is especially important in the hybrid cloud era. DIA platform to IBM Cloud Migration of cloud environments supported by confidential computing functions is designed to protect data and applications from potentially malicious internal and external attacks.

DIA is located in the Crypto Valley (Crypto Valley) in Zug, Switzerland. It is an open source financial information platform that can be accessed through traditional APIs and oracles machine to incentivize the acquisition and verification of data. Oracles are third-party trust mechanisms that allow smart contracts to receive data from sources outside the blockchain.

Data security is key to success in fast-growing decentralized finance sector

DeFi is an emerging field of digital finance that utilizes blockchain-based smart contracts to enforce and verify transactions instead of relying on centralized financial institutions. As the industry grows, transparent data sources and oracles are critical to its reliability and success. Compromible and largely opaque data sources could allow malicious actors to manipulate attacks on DeFi platforms. DIA is leveraging IBM Cloud (the industry's most secure and open enterprise public cloud) to help mitigate this risk.

IBM Cloud Hyper Protect Services Helps Protect and Privacy Your Data Infrastructure

Using IBM Cloud Hyper Protect Services, DIA can help provide technical assurance to its clients and users to ensure their workloads are protected by protecting the backend infrastructure from hardware, server, application and data layer attacks. By leveraging Keep Your Own Key (KYOK) and confidential computing capabilities provided by IBM hybrid cloud capabilities, DIA can protect data with full authorization of data and workloads.

IBM Cloud Hyper Protect Services provides confidential computing capabilities designed to enable data integrity and confidentiality for current and future workloads in hybrid cloud environments by running cloud software in highly secure zones using isolation and encryption. The concept allows users of the platform to retain sole access to their encryption keys -- meaning IBM doesn't even have access to them -- and helps mitigate the risk of malicious actors viewing or modifying confidential data. When building with IBM Cloud Hyper Protect Services DIA has access to the highest level of cryptographic modules of any cloud provider in the industry, built on top of IBM LinuxONE safety performance.

DIA Co-Founder and CTO Samuel Brack said: "IBM Cloud Hyper Protect Services, Confidential Computing capabilities and IBM LinuxONE enables us to help enforce high security standards in oracle environments. "" to ensure that no third party can view or manipulate our off-chain computing operations, effectively protecting the DIA and its users from potentially malicious internal and external Department attack. "

“As reliance on data grows, especially in the hybrid cloud era, the need for cutting-edge security to protect digital assets becomes more more important," said Hillery Hunter, vice president and chief technology officer, IBM Cloud. .Now, DIA Work with clients in highly regulated industries and meet their increased confidentiality requirements when they access open source financial information platforms. ”

DIA will continue to explore opportunities to improve security, scalability, and data transfer compliance for institutions and DeFi participants to help grow the ecosystem and Further lowering the barrier to trust in the still nascent DeFi industry.

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