Futurex and R3 to Deliver a Secure Foundation to Corda Enterprise

By Kapil Gauhar

Futurex, an innovator in hardened, enterprise-class information security solutions, today reported that it is partnering with R3, the enterprise blockchain programming firm, to convey a safe foundation for the Corda Enterprise platform, with incorporated Futurex Hardware Security Modules (HSMs).

HSMs from Futurex include a basic layer of security to blockchain usage by giving FIPS 140-2 Level 3-approved cryptography. This empowers R3’s banking customers to perform intra-bank, peer-to-peer, and cross-enterprise transactions quickly, securely, and cost-effectively using Futurex’s HSMs to deal with transaction signing and cryptographic key lifecycle the executives.

R3’s Corda Enterprise is a blockchain platform that empowers businesses to transaction straightforwardly and in strict privacy utilizing smart contracts, lessening transaction and record-keeping costs, and streamlining business tasks. Futurex’s HSMs give two key strides to making sure about the blockchain: carefully signing transactions or blocks added to the blockchain utilizing strong cryptography and dealing with the full lifecycle for the keys utilized in making sure about the blockchain, from generation to rotation to retirement.

Ryan Smith, the vice president and global business development at Futurex, said –

“We deliver the highest assurance method of verifying blockchain integrity with our financial-grade HSMs. For lifecycle management, certificate authority, and data protection, we are proud to integrate with R3’s Corda Enterprise to deliver the best of blockchain technology with the highest levels of security.”

Futurex’s HSM solutions that incorporate with Corda Enterprise incorporate the Excrypt Plus, Vectera Plus, and Excrypt SSP Enterprise v.2. All HSMs in these product offerings are FIPS 140-2 Level 3 approved and offer functionality suited for both financial as well as general-purpose cryptographic ecosystems.

By integrating legitimately with Futurex’s Key Management Enterprise Server Series 3 for key lifecycle, the management and Guardian Series 3 for centralized cryptographic framework and high accessibility, these HSMs structure the foundation of a strong information security ecosystem.

Cathy Minter, R3’s CRO, said –

“With Corda Enterprise, we are delivering on our banking customers’ robust security needs in order to perform intra-bank transfers without the hassle. Together, with Futurex handling key management, we are delivering unprecedented levels of trust and security to ensure protection for signing keys.”