Decentralized custody platform for digital assets

Distributed custody as a type of digital asset storage, including financial digital assets, is gaining steam. Our existing software is designed for decentralized open data storage and we are working on consensus encryption to ensure private data storage in a distributed network. It is notorious that only three main options are available for storing private keys that allow you to access digital assets: online (hot), offline (cold), offline on a physical device (hardware). Such options do not allow to store distributed keys, so our community are conducting research in the field of the MPC (Multi-Party Computation) confidential joint calculation protocol. It will split the private key into shares, encrypt, and share between several parties-validators.

Such vault will compete with existing centralized vaults and is already in demand in the financial sector, in interbank transactions, transactions between trading floors, bidders, suppliers of goods and services, where a supply contract acts as an asset.