Tel Aviv's inabit Joins Forces with Google Cloud to Supercharge Crypto Security

Hang onto your hats, crypto fans! inabit, the Tel Aviv-based security wizards, have teamed up with the tech titans at Google Cloud to throw down some serious protection for your digital dough using Google's cutting-edge Confidential Computing tech.

This power duo is on a mission to slam the door on private key breaches and lock down your crypto transactions tighter than a drum. They're stepping up to tackle the surging tide of insider threats and hacker attacks that have been rattling the crypto world. And you heard it here first!

Remember that jaw-dropping July 2023 Multichain hack? Yeah, the one where crooks swiped over $125 million after cracking some private keys. That fiasco is exactly why we need to up our security game, pronto!

Private keys will stay encrypted

So, what's inabit's secret sauce? They're mixing their own special Trusted Computing Mechanism with Google Cloud's Confidential Space to keep your private keys locked up safe and sound, even while your transactions are in full swing.

"Trusted Execution Environments powered by Confidential Computing? They're becoming the go-to standard across the Web3 world," declares Rene Kolga, the sharp Senior Product Manager at Google Cloud.

Kolga's pumped because Google's platform is making top-notch security not just scalable, but accessible too, for businesses juggling sensitive digital goodies around the globe.

And get this, Dr. Moti Geva, the brainiac CTO at inabit and former head honcho of Israel's CERT-IL, says this collab is all about giving you, the user, full control and keeping your digital assets hush-hush.

"Our TCM tech, mashed up with Google Cloud's encryption? It's like building an iron fortress around your digital wallet, shielding you from the nasty vulnerabilities that've been tripping up other solutions," Geva boasts.

Less breach risk

This dynamic duo's tech is already working its magic, helping banks and businesses juggle their crypto and fiat assets like pros, slashing the risks of insider breaches and unauthorized access down to size.

Plus, it's built to handle massive transaction volumes and streamline those secure swaps and conversions. Dr. Geva's all about spreading the love, making trusted computing tools that were once the exclusive playthings of defense and finance available to everyone. "We're here to help businesses of all stripes dive into crypto safely and smoothly," Dr. Geva proclaims.

With this game-changing collaboration, inabit's all in on pushing forward self-custody infrastructure to get more institutions and enterprises onboard with crypto, bringing digital asset management closer to the big leagues of traditional finance.