Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Dfinity announces new ICP-powered platform to tackle cybersecurity

CointelegraphCointelegraph2024/06/27 14:10
By:Josh O'Sullivan

The Dfinity Foundation has introduced a new Internet Computer Protocol (ICP)-powered platform designed to replace traditional cybersecurity measures.

According to a press release shared with Cointelegraph, the platform, dubbed Utopia, is a private serverless cloud infrastructure designed for government entities and enterprise organizations.

Related: Dfinity launches Web3 accelerator platform on the Internet Computer

Utopia solves challenges

According to the press release, Utopia stands for unstoppable, tamperproof, open, platforms for independent autonomy.

Utopia will enable artificial intelligence (AI) to run securely, allow native management of digital assets, and “allow governments to attain sovereignty.”

Dominic Williams, founder and chief scientist at Dfinity Foundation, elaborated on the purpose of the platform in the press release. He said:

“UTOPIA reinvents compute by solving for the greatest IT challenges of our time: cybersecurity, resilience, IT productivity and sovereignty.”

Related: Internet Computer users pledge $80M to decentralize its project ecosystem

Government sovereignty

Dfinity’s Utopia aims to help governments attain sovereignty through AI, but the recent lack of digital asset guidance suggests governments might not be ready or willing to fully embrace the technology.

Regulatory uncertainty demonstrated in March by the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) evidences this governmental adoption hurdle.

In the press release, Williams poses Utopia as the solution for government sovereignty:

”Governments are wary of cloud services as they must surrender sensitive data to them. UTOPIA offers a solution by enabling them to operate next-generation private sovereign clouds over home-country hardware that have game-changing security properties.”

Related: From obscurity to prominence: Web3 protocol celebrates growth with DAO-powered event

Rising cybersecurity threats

The press release highlights a rise in cybersecurity threats, including ransomware attacks on London hospitals involving almost 400 gigabytes of patients’ personal data.

According to an IT Governance blog post, in 2024, 9,478 publicly disclosed data breaches exposed 35.9 billion records, most affecting defense, utilities and financial services.

Utopia aims to address the rise in cyber threats by creating “large-scale enterprise computing” capable of blocking “unauthorized access, functionality changes, data breaches, and ransomware installations.

Magazine: Crypto game rewards not ‘crucial,’ Farmville creator makes case for beta releases: Web3 Gamer

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Joining 1kx as an EIR: Meet Rafael Morado

1KX2024/07/01 16:22

Aptos Foundation proposes Aave V3 deployment, marking first non-EVM expansion

Cryptobriefing2024/07/01 16:03

July could propel Solana to third-largest crypto by market cap, says Zeta Markets Founder

Cryptobriefing2024/07/01 16:03

Tether Enables USDT Payments for Philippines Social Security System

Newscrypto2024/07/01 15:55

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9916.91%
ROI
Total profit $50576.23
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1321.82%
ROI
Total profit $3838.06

Bot copy trading

More
Morgee
Morgee
insight69/150
$19751.22
Total profit
Total subscriber profits $-219.74
GoldenEgg
GoldenEgg
insight141/150
$8163.06
Total profit
Total subscriber profits $-284.87