Ngrave
Financiado
The World s Most Secure Cryptocurrency Safeguarding Solution
Blockchain technology is increasingly gaining traction. The total market cap of all cryptocurrencies combined stands at
€177B and is considered to be still very early stage, with catalysts such as institutional or mass adoption ha...
Blockchain technology is increasingly gaining traction. The total market cap of all cryptocurrencies combined stands at
€177B and is considered to be still very early stage, with catalysts such as institutional or mass adoption having yet to
occur. Also, venture capital is increasingly entering the market, with a 280% investment growth in 2018 compared to 2017 .
The industry is facing one enormous hurdle for mass adoption: insufficient security. Every single day, over €6M are
maliciously stolen from crypto wallets. In 2018 alone, theft accounts for a staggering €2.2M . Holding cryptocurrency
positions today is far from safe and crypto investments are continuously at risk. Existing safeguarding alternatives have been
proven to lack in security, revealing multiple weaknesses in their approach. The most crucial weakness is the online
connection that they require. Establishing such a connection exposes the crypto wallet to a large attack surface, luring
malicious hackers. This is where NGRAVE comes in. NGRAVE is the world’s first end-to-end and most secure solution to
manage and protect cryptocurrency investments. It consists of i) a hardware wallet (to the right), ii) a quasi-indestructible
cold storage solution, and iii) a mobile application (catering for fetching data from and for doing the last-mile communication
with the blockchain; there is no risk as the sensitive data never leaves the hardware device). NGRAVE offers a game
changing disruptive crypto safeguarding solution that can function fully offline, meaning that it never exposes the secret
cryptographic key(s) that the hackers are after. This offline aspect translates into a statistically non-existing attack surface as
there is no online exposure of the key, ever. European leaders have come to a consensus that the innovative technology
underlying crypto-assets has the potential to vastly improve the efficiency and inclusiveness of the financial system and the
economy, more broadly.
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Duración del proyecto: 4 meses
Fecha Inicio: 2019-11-19
Fecha Fin: 2020-03-31
Fecha Fin: 2020-03-31
Línea de financiación: concedida
El organismo H2020 notifico la concesión del proyecto el día 2020-03-31
Línea de financiación objetivo
El proyecto se financió a través de la siguiente ayuda:
EIC-SMEInst-2018-2020:
SME instrument
Cerrada
hace 6 años
Presupuesto
El presupuesto total del proyecto asciende a
71K€
Líder del proyecto
NGRAVE.IO
No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico
TRL
4-5
Perfil tecnológico
TRL
4-5
831.23K€ |
Participante