Anonybit Gives Clients More Control Over Decentralized Data Vault Access

A platform upgrade now enables organizations to set up refined conditions for the retrieval of their sensitive data from Anonybit’s Decentralized Data Vault, further bolstering data security.

Founded just a few years ago, Anonybit has enjoyed a rising profile – and considerable investment – thanks to its innovative decentralized approach to digital identity. The startup’s core solution is a biometric authentication system that splits a given user’s biometric template into discrete ‘shards’ and stores them across multiple servers, thereby ensuring that a hack or data breach against one cloud location cannot retrieve useable identity data.

The startup’s Decentralized Data Vault extends that approach to the storage of other kinds of sensitive data beyond biometrics. Any kind of sensitive information, such as corporate documents, videos, or financial statements, can be secured in the Decentralized Data Vault, with the same sharding process rendering the data worthless to would-be hackers.

The Vault’s latest upgrade allows clients to customize the process through which their sensitive data can be retrieved. For example, data retrieval could be bound to the biometric data of a single, authorized employee. Alternatively, data retrieval could be conditional on a certain business process being underway, such as tying the retrieval of accounting documents to regular audits.

Organizations can also configure the system to only share certain data fields from stored documents, and not others, offering further security and potential privacy protections.

“At first, we focused our efforts on biometric security, the most sensitive type of PII, but as we rolled out our integrated identity management platform, there was increasing demand to provide support for other data types that would better secure the user journey, future proof customer deployments and enable use cases that may not involve biometric authentication,” explained co-founder and CEO Frances Zelazny. “Our upgraded Data Vault is the culmination of these efforts, allowing enterprises to safely store any data type including raw images, passkeys, videos, document scans and even videos, strengthening the data governance posture of the enterprise and reducing the risk of a data breach.”

Anonybit’s platform can store both structured and unstructured datasets, and can host data across a range of cloud services, including AWS and Microsoft Azure.

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June 4, 2024 – by Alex Perala