Digital assets platform Fireblocks has announced a partnership with Google Cloud to integrate “Confidential Space” security features to enhance the security of its private key management (PKM) offerings.
The integration combines Google Cloud’s security with the Fireblocks platform alongside a suite of security tools including an attestation service, identity and access management (IAM), and key management service (KMS).
Together, the suite purportedly provides end-to-end security for digital assets on the Fireblocks platform — which, according to the firm, meets all applicable regulatory and compliance requirements.
Fireblocks shared details on the partnership on X.com. Source: Fireblocks
Per Michael Shaulov, CEO and co-founder of Fireblocks, by integrating with Google Cloud’s Confidential Space, the company gives customers the ability to “run critical digital asset operations in a highly secure and scalable environment.”
Shaulov said the integration will help large enterprises and institutions “that require enhanced privacy and security for their digital asset operations.”
Digital asset security
Digital assets management is a constantly evolving industry at the crossroads of technology, security, and, in many cases, blockchain. Fireblocks has positioned itself as a foundational player in the sector.
As Cointelegraph recently reported, Ethereum blockchain-based Web3 company Immutable recently tapped Fireblocks as an ecosystem partner to assist game developers in securely storing and managing their assets.
Confidential Space
The challenge of securing blockchain-based technology, which is inherently resilient to a significant number of attack vectors, requires a leveraged approach. One method Google Cloud uses to accomplish this is its “Confidential Space” service.
Confidential Space is a “confidential computing,” virtual machine environment built within the Google Cloud platform.
The primary benefit of confidential computing, in this context, is that it keeps data isolated at all times. Any digital assets held in Confidential Space are encrypted all the time, even when they’re in use. Without this protection, assets would only be secured via encryption while being stored or transmitted.
According to Rene Kolga, senior product manager at Google Cloud, Confidential Space has been “widely adopted by the Web3 industry.”
The partnership with Fireblocks should serve to expand the Alphabet-owned company’s reach in the burgeoning digital assets sector.
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