Agoracom Blog

AGORACOM Welcomes SoLVBL Solutions Inc. $SOLV Offering Data Authentication Solutions For An Increasingly Digital World

Posted by Nik Tsatsos at 4:52 PM on Wednesday, December 15th, 2021

(SOLV:CSE)

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SoLVBL Solutions Announces Successful Completion of Amazon Web Services Technical Review of Q by SoLVBLTM)

  • Review confirms Q by SoLVBL’s security, reliability and operational excellence, while reducing overall operational workload risks for cloud-based applications. 
  • The Functional Technical Review (“FTR”) also confirmed the speed and functionality of Q by SoLVBLTM, as well as providing SoLVBL with data required to develop a cost model. 
  • This successful trial, with all objectives achieved, will enhance SoLVBL’s continuing marketing and sales efforts.
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SoLVBL Solutions and Empower Clinics Sign Memorandum of Understanding (MoU) to Develop a Program for Data Security in Diagnostic Testing

We are excited to collaborate with SoLVBL Solutions, a company with broad know-how in data verification and cybersecurity. The collaboration agreement entered with Empower combines SoLVBL Solutions’ data verification capabilities with Empower’s experience and extensive expertise in the design, construction, operation, and maintenance of healthcare clinics and world-class diagnostic laboratories. With the increase in data collection, the demand to protect and verify data is unprecedented. We have seen such announcements come from both the Canadian and American governments. We feel this verification solution will allow us to continue to grow and meet the demands and needs of our patients and health care administrations. The collaboration aligns with our expansion and growth plans to become a global technological leader in the healthcare diagnostic sector.” said Steven McAuley, CEO of Empower.

Data Security Today

  • We live in a digital data age
  • Data is critical for the present and future of automation, AI, IoT, analytics etc.
  • As decisions become more automated, data integrity becomes even more crucial
  • The cyber security market size was valued at $149.67 billion in 2019 and is projected to reach $304.91 billion by 2027
  • North America accounts for 45% of market

Data Forgery

  • Data is the “new gold”
  • Forgery, hacking is a growing problem in the data world.

In a world increasingly reliant upon more and faster data for automated decision-making, operational efficiency and competitive advantage, data integrity and protection is critical to ensure a client’s data is not a liability.

Solving the problem

In the physical world fraud can be detected by using physical tools to detect alterations, such as hand writing analysis, watermarks, age of paper etc. In the digital world, which comprises of 1’s and 0’s, there is no way of knowing if the 1’s and 0’s have been altered, unless you use Q by SoLVBL. 

Q by SoLVBL

So… what technology does this replace?

Q by SoLVBL™ operates dramatically faster and at lower latency than the alternative today, Digital Ledger Technology (DLT)—commonly referred to as Blockchain. This in turn enables data uses and applications DLT does not support. 

The Q by SoLVBL™ protocol produces a unique digital seal for each submitted record. 

What can this technology be used for?

  1. Link the record to the possessor of a private signing key, i.e. an identity
  2. Determine relative ordering of records sealed in this manner
  3. Uniquely identify an instance of the record by way of its seal (each seal reflects an instance)

Is Q by SoLVBL™ difficult / expensive to implement? Or is it an add-on?

  • Cost-effective to implement
  • May be integrated with existing application in a straightforward manner, wherever data is created, stored or used. 
  • Whether Q by SoLVBL™ is applied as an add-on or technology replacement depends on the architecture needs and maturity of the system in which it is used.

Who are the company’s competitors?

  • Users seeking such assurances will typically gravitate towards various Blockchain or Distributed Ledger Technologies (DLT). 
  • Significant shortcoming of DLT is that the inherently decentralized nature of these technologies causes them to impose prohibitive latency or bandwidth limitations on their users. 
  • Q by SoLVBL™ can process 150,000 transactions per second at a minimum, and millions per second depending upon the application.

Our Vision “Our dream is a world in which every digital record’s authenticity can be established quickly and irrefutably to create trust fast.” 

Our Mission “To empower better, faster decisions by developing a universal standard for establishing digital record authenticity which is easy to adopt, cheap to use, offers cryptographic assurances, and will not bottleneck systems.”

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WHY SOLVBL

  • SoLVBL’s innovative integrity solutions give clients and customers added trust to ensure their data is an asset
  • Cost of data security is significant
  • The finance and insurance sector were the most- attacked industry in 2019, with retail payments second
  • Data security & privacy segment expected to outpace total cyber security growth
  • Data is valuable and important. Should be asset not liability

Highlights

– Q by SoLVBL is a cryptographically verified, patented, best-in-class cybersecurity product;

– Q by SoLVBL is simple to use;

– Enhanced confidentiality, by never needing to see your data;

– It is compatible with existing systems, so no expensive hardware/software updates;

– Q by SoLVBL is fast. Q can process in excess of 150,000 transactions/second; and

– Our Software as a Service (SaaS) model is very cost effective to the client.

– SoLVBL announces first Memorandum of Understanding (MoU) in the Financial Services Sector, with QuantGate Systems to Develop a Program for Data Security

– Allow to further demonstrate its capabilities around data security and speed of transactions

– From Nov 23rd Press Release

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