Fortress Blockchain Technologies and Google Cloud Bring Private Data Storage for NFTs
Fortress Blockchain Technologies has launched The Fortress Vault, a new non-fungible token (NFT) database solution based on Google Cloud’s open, secure, scalable, and sustainable cloud infrastructure.
Fortress Vault helps companies across all industry sectors protect their intellectual property (IP) and tokenized assets by storing content privately with the accessibility, privacy, portability, and provenance that blockchain enables.
In a world that already operates digitally, documents can now be encrypted, stored, tracked, referenced and accessed with clear provenance, established ownership and authenticity records that are not at risk of human error, mistaken identity or expose private data.
Vault is an innovator in its ability to maintain the integrity of non-public data accessed through NFTs in industries such as music, event ticketing, gaming, finance, transportation, real estate and healthcare.
“NFTs aren’t just expensive jpegs,” says Kevin Lehtinityco-founder and CTO of Fortress.
“NFTs are a technology that allows us to access unique or non-fungible data through a distributed ledger to prove authenticity and establish provenance of the asset. If you can associate the token with data accessible exclusively by the holder of the token – and only to the token holder – then NFTs become a digital key to unlock everything from music and event tickets to real estate deeds, medical records and real estate documents, basically anything that is digital in the world,” Lehtiniitty continued.
Prior to Vault, blockchain content was publicly visible or had to be hosted on unsupervised databases on distributed computers around the world. This excluded valuable or sensitive content and intellectual property of digital assets such as NFTs.
With Vault, enterprise customers can now privately store a tokenized IP address with a cloud-based, secure, and unified solution.
“NFTs and blockchain will fundamentally transform all industries in our society,” adds Lehtiniitty. “By building Fortress Vault on Google Cloud’s secure infrastructure, we’re creating a vital pathway for Fortune 500 brands, government organizations, celebrities, and everyone else to build innovative new products and services on blockchain technology with industry-leading standards. privacy and compliance policies in place.”
“We look forward to partnering with Fortress Blockchain Technologies and providing secure cloud infrastructure to help enable its new Vault platform,” said Carlos ArenaDirector, Digital Assets, Google Cloud.
“Our work together reinforces our broader mission to help enable the Web3 ecosystem with scalable technology and solutions that help build trust in the community,” Arena continued.
Prior to launching Vault, Fortress had already begun breaking down barriers with simple, streamlined APIs that allow businesses at any stage of Web3 adoption to get started and grow quickly with embeddable wallets for NFTs and fungible reward tokens; mint NFTs; and integrating key financial services backed by a secure and regulated financial institution, Fortress Trust.
Vault is overseen by Fortress Trust, which guarantees its privacy and compliance standards as a regulated entity.