Fortress Blockchain Unveils NFT Data Storage Solution on Google Cloud September 30, 2022 September 30, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 30, 2022 by Kelly Cromley

Fortress Blockchain Unveils NFT Data Storage Solution on Google Cloud

The Fortress Vault is a revolutionary non-fungible token (NFT) database solution based on the open, secure, scalable, and sustainable cloud architecture of Google Cloud. The Fortress Vault assists businesses across all industries in safeguarding their tokenized intellectual property (IP) and assets by securely storing the material with blockchain-enabled accessibility, privacy, mobility, and provenance.

In a society that already works digitally, papers may now be encrypted, saved, monitored, referenced, and retrieved with clear provenance, established ownership, and records of authenticity that do not disclose private information or risk human error. In areas such as music, event tickets, gambling, banking, transportation, real estate, and healthcare, Vault is a pioneer in its capacity to preserve the confidentiality of non-public data accessible through NFTs.

Kevin Lehtiniitty, co-founder and chief technology officer of Fortress, asserts that non-fungible tokens (NFTs) are not just pricey images.

“NFTs are a technique that enables access to unique or non-fungible data through a distributed ledger in order to verify the validity and provenance of an item. If you can pair the token with data that is accessible only to the token holder — and only to the token holder — then NFTs become a digital key to unlock everything from music to event tickets to real estate deeds to healthcare records to estate documents, essentially to everything digital in the world.”

Prior to Vault, blockchain material was either publicly available or required to be housed on uncontrolled databases on globally dispersed machines. This excluded sensitive or valuable intellectual property and material from digital assets such as NFTs. With Vault, corporate users can now privately store tokenized intellectual property using a single, cloud-based, and secure solution.

Lehtiniitty adds, “NFTs and the blockchain will radically disrupt every industry in our society.” “By constructing the Fortress Vault on Google Cloud’s secure infrastructure, we are paving the way for Fortune 500 companies, governmental organizations, celebrities, and anyone else to build innovative new products and services on blockchain technology while adhering to privacy and compliance standards.”

“We look forward to partnering with Fortress Blockchain Technologies and providing secure cloud infrastructure to allow its new Vault platform,” said Carlos Arena, head of Google Cloud’s Digital Assets division.

“Our collaboration complements our larger objective to assist empower the Web3 ecosystem with scalable technology and community-building solutions,” Arena stated.

Prior to launching Vault, Fortress had already begun removing barriers with simple, streamlined APIs that enable businesses at any stage of Web3 adoption to launch and scale rapidly with embeddable wallets for NFTs and fungible rewards tokens; mint NFTs; and integrate key financial services backed by a secure, regulated financial institution, Fortress Trust. As a regulated business, Fortress Trust oversees Vault and assures its privacy and compliance requirements.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.