Token2049: Fortress Blockchain Technologies Launches Vault Non-Fungible Token Database Solution Built on Google Cloud

At Token2049 in Singapore, Fortress Blockchain Technologies announced Vault, a non-fungible token (NFT) database solution built on Google Cloud‘s open, secure, scalable, and sustainable cloud infrastructure.

The Vault helps companies across industry verticals protect their tokenized IP and assets by privately storing the content with the accessibility, privacy, portability, and provenance that blockchain enables.

Building the Vault on Google Cloud’s secure infrastructure creates a path for Fortune 500 brands

Teamed up with Google Cloud to bring IP protection and security to Web3
In a world that already functions digitally, documents can now be encrypted, stored, tracked, referenced, and accessed with clear provenance, established ownership, and records of authenticity that do not risk human error, mistaken identity, or expose private data. Vault is able to maintain the integrity of non-public data accessible through NFTs in industries like music, event ticketing, gaming, finance, transportation, real estate, and healthcare.

“NFTs aren’t just expensive jpegs,” says Kevin Lehtiniitty, co-founder and CTO. “NFTs are a technology that allow us to access unique or non-fungible data via a distributed ledger to prove the authenticity and establish the provenance of the asset. If you can pair the token to data that is accessible exclusively by the token holder – and only to the token holder – then NFTs become a digital key to unlock everything from music to event tickets to real estate deeds to healthcare records to estate documents, essentially to everything in the world that’s digital.”

Prior to Vault, content on the blockchain was either publicly viewable or had to be hosted on unsupervised databases on distributed computers around the world. This excluded valuable or sensitive content and IP from digital assets like NFTs. With Vault, enterprise customers can privately store tokenized IP with a cloud-based, secure, and unified solution.

“NFTs and the blockchain will fundamentally transform every industry in our society,” adds Lehtiniitty. “By building the Fortress Vault on Google Cloud’s secure infrastructure, we are creating a vital path for Fortune 500 brands, governmental organizations, celebrities, and everyone else to build innovative new products and services on blockchain technology with privacy and compliance standards in place.“

“We look forward to teaming up with Fortress Blockchain Technologies and providing secure cloud infrastructure to help enable its new Vault platform, ” said Carlos Arena, director, digital assets, Google Cloud. “Our work together reinforces our greater mission to help enable the Web3 ecosystem with scalable technology and solutions that help establish trust in the community.”

Prior to launching Vault, the company had already begun eliminating barriers with simple, streamlined APIs that power businesses at any stage of Web3 adoption to launch and scale with embeddable wallets for NFTs and fungible rewards tokens; mint NFTs; and integrate key financial services backed by a secure, regulated financial institution, Trust. Vault is overseen by Trust, which ensures its privacy and compliance standards as a regulated entity.

About Fortress
It is purpose-built to create financial, regulatory and technology infrastructure for the emerging Web3 space. This includes embeddable NFT and crypto wallets, frictionless minting engines, encrypted vaults for non-public content, and financial services for payments, compliance, custody and crypto liquidity. The company recently raised a $22.5 million seed round led by Ayon Capital.