Unbound’s very own Allan Konar, Solution Architect, was the keynote speaker at Boston Blockchain Network’s and Boston New Technology’s “Blockchain Talks: Intro & Scaling Enterprise Blockchain to $23B with MPC”.
With daily crypto trades at $30 billion across over 2000 cryptocurrencies in the market, and the total market cap for cryptocurrencies is at around $130 billion as of March 2019. That is why cryptocurrency protection is critical, especially for Tier 1 banks that want to get in the game, and the blockchain industry, including blockchain for enterprise applications, which is expected to reach a $23.3B market value in at least 20 industries by 2023.
Allan’s presentation discussed:
- Some of the challenges in implementing blockchain-based solutions, specifically around security, speed, and flexibility.
- How a security solution for blockchain is not all about security but also allows for speed and flexibility, through cryptographically enforced orchestration, to enable business services that weren’t even available a year ago.
- Why legacy technologies, cold storage in the form of HSMs and multi-signature, lack flexibility and thus don’t adapt to necessary business processes much like trying to put a square peg in a round hole.
- How Secure Multiparty Computation (SMPC) provides the equivalent or better protection to the alternatives, and a means of building solutions that can align with business processes, and offer products and services that you couldn’t previously.
Want to see the entire presentation? Check out the deck here!