Blockchain solutions provider AlphaPoint has partnered with technology giant Intel on a new security solution for digital assets.
As a result of the deal, AlphaPoint will release a new virtual machine offering, called the TrustedVM, to be backed by Intel's Software Guard Extensions (SGXs). It's the latest instance in which Intel's security-focused solution has been utilized to create trusted computing environments for sensitive data, such as private keys that enable access to blockchain-based assets.
According to AlphaPoint, the hardware-backed solution can eliminate some of the privacy and security concerns that enterprise companies may have on the question of creating and exchanging digitized forms of physical assets.
Igor Telyatnikov, AlphaPoint's president and chief operating officer, said in a statement:
When reached for comment, Intel indicated that the partnership could form the basis for continued work in the area of digital assets.
"Alpha Point is focused on digitizing a variety of physical assets, which we believe will create a lot of opportunities for both Intel and Alpha Point," a spokesperson for Intel told CoinDesk.
Intel chip image via Shutterstock
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