F1R3FLY [1] Industries Inc. of the USA announces the launch of its innovative F13FLY next-generation data protection technology in the UK, which has been chosen as its first international market.
F1R3FLY delivers organizations their own decentralized data asset shards in the Cloud. It protects these with a security system associated until now with traditional blockchain systems. For some two decades this security has remained unbroken by hackers. Unfortunately, its traditional blockchain implementations are unrealistically slow and expensive and cannot store business data on the protected blockchain. F1R3FLY overcomes all these limitations, storing all user data directly within shards using the security system, but at low cost and with very fast access.
The technology will initially be offered to large organisations and system integrators for rapid deployment to help end the relentless wave of cyber-attacks.
The benefits are applicable across all industries and services, protecting personal information, high-value content, supply chains, critical records and all types of data assets.
The F1R3FLY system also gives data owners granular access control over how digital assets are accessed or distributed. This is completely programmable with a wide range of potential permissions. For example, it can prevent the unauthorised viewing, duplication and forwarding of data. It can also help limit piracy of creative works. F1R3FLY Shards are not only set up within individual organisations. They can also be deployed to bring together two or more separate organisations that wish to share data assets with one another in a highly secure way.
This is particularly relevant to health services and governmental departments where special categories and other critical data are shared between separate entities.
Another example would be in complex supply chains, which comprise multiple disparate organisations where shards can be deployed to make one large data protection entity.
Stephen Alexander, President of F1R3FLY
There is now a practical and cost-effective solution to the torrent of hacking. We stand ready to work with IT departments and Systems Integrators to ensure the security of companies' data and their supply chains.
Steven Knight CBE, Writer, Director, and Producer
F1R3FLY can make an immediate and crucial intervention in a current situation which is urgent and present. F1R3FLY can fight hacking and prevent it. We aim to make it widely available as soon as possible."
The technology has a wide application that extends beyond just cybersecurity. It is currently preparing trials with partners in the data centre industry and expects to announce a major development in that field in the coming weeks.
F1R3FLY [2]
Was developed by renowned American mathematician and computer scientist Greg Meredith, who had worked in London with Robin Milner, a Turing award winner. Milner had developed a theoretical framework for concurrent computing systems called Pi-Calculus. Greg improved upon Milner's work by devising Rho-Calculus, the mathematical and computational system that underpins F1R3FLY.
Traditional blockchains use a security system known as Byzantine Fault Tolerance, which has never been successfully hacked but is very expensive, very slow, and cannot realistically store large amounts of data. This is because they operate sequentially.
Rho-Calculus delivers concurrency in computing, meaning the same Byzantine Fault Tolerant Security system runs thousands of times faster and makes this standard of security available to businesses for the first time at a normal cost, operating at the same speeds as the VISA network.