Blockfenders unlocks unhindered data sharing potential for companies as it secures funding round>
The Inyo Register
Data sharing in businesses is broken and current mechanisms are not secure, resulting in data breaches, insider threats, ransomware attacks and unauthorized access. Addressing this impasse, data analytics startup Blockfenders is today announcing a $1.5m pre-seed funding round from a range of institutional and angel investors* to remedy the problem and enable businesses to achieve their goals.

It combines the best of blockchain, cloud and distributed ledger technologies (DLT) like Hedera and Hyperledger to create an enterprise data exchange network that simplifies fine-grained and controlled data exchange between multiple parties without revealing raw data.

Without any code and just using the Blockfenders user interface, companies can establish data exchange channels with their internal or external partners so that they can start sharing data securely and granularly with zero trust from any data source including databases, data warehouses and other data platforms. Zero trust which is central to Blockfenders enables protecting the actual data resource instead of perimeter of security, adds tamper evident data verifiability and lineage, and allows data owners to control on-demand or scheduled data access using smart contracts and a cryptography based passwordless access control. It automates data workflows and expedites transparent data agreements. Blockfenders minimizes liabilities associated with data sharing using end-to-end encryption, tamper proofness of raw data, and increases data utility at 80% lower costs
Link: http://business.inyoregister.com/inyoregister/article/newsdirect-2023-2-7-blockfenders-unlocks-unhindered-data-sharing-potential-for-companies-as-it-secures-funding-round