Futurex and R3 Partner to Bring HSM-Backed Security to Blockchain
BULVERDE, Texas, and NEW YORK, NY, March 24, 2020 — Futurex, a leader in hardened, enterprise-class data security solutions, today announced that it is partnering with R3, the enterprise blockchain software firm, to deliver a secure foundation for the Corda Enterprise platform, with integrated Futurex hardware security modules (HSMs). Futurex’s HSMs add an essential layer of security to blockchain implementations by providing FIPS 140-2 Level 3-validated cryptography. This enables R3’s banking customers to perform peer-to-peer, intra-bank, and cross-enterprise transactions securely, quickly, and cost-effectively using Futurex’s HSMs to handle transaction signing and cryptographic key lifecycle management.
R3’s Corda Enterprise is a blockchain platform that enables businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs, and streamlining business operations. Futurex’s HSMs provide two key steps for securing the blockchain: digitally signing transactions or blocks added to the blockchain using strong cryptography and managing the full lifecycle for the keys used in securing the blockchain, from generation to rotation to retirement.
“We deliver the highest assurance method of verifying blockchain integrity with our financial-grade HSMs,” said Ryan Smith, vice president, global business development at Futurex. “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.”
“With Corda Enterprise, we are delivering on our banking customers’ robust security needs in order to perform intra-bank transfers without the hassle,” said Cathy Minter, CRO of R3. “Together, with Futurex handling key management, we are delivering unprecedented levels of trust and security to ensure protection for signing keys.”
Hardened security at the foundation of a robust data security ecosystem
Futurex’s HSM solutions that integrate with Corda Enterprise include the Vectera Plus, Excrypt Plus, and Excrypt SSP Enterprise v.2. All HSMs in these product lines are FIPS 140-2 Level 3 validated and offer functionality suited for both financial and general-purpose cryptographic ecosystems. By integrating directly with Futurex’s Key Management Enterprise Server (KMES) Series 3 for key lifecycle management and Guardian Series 3 for centralized cryptographic infrastructure management and high availability, these HSMs form the cornerstone of a robust data security ecosystem.
For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit https://www.futurex.com.
R3 is an enterprise blockchain software firm working with a global ecosystem of more than 350 participants across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage. R3’s global team of over 300 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its vibrant ecosystem. The Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce. Learn more at www.r3.com and www.corda.net.