Episode 90: Military-Grade Security for Digital Assets: A chat with NiftyOne

2Tokens Podcast

In this episode, Jonny Fry (co-founder of TEAM BLOCKCHAIN) and David Parsons (founder of NiftyOne) discuss the challenges and solutions related to storing and managing digital assets, especially with the rise of central bank digital currencies (CBDCs) and stablecoins. Together they highlight how, in the past, banks managed physical assets and accounts, but with digital assets, individuals now bear the responsibility of managing their own assets, which requires reliable hardware and software.
David addresses these challenges by talking about possible solutions for digital assets. This includes devices that are radiation-hardened and can withstand extreme conditions, resembling a large coin for physical security. They offer redundancy through twin devices stored in secure locations to prevent loss. The system also incorporates two-factor authentication and spending limits to prevent theft and unauthorized transactions.
The technology behind Nifty One comes from the defense industry, ensuring high security. It uses NFC for easy transactions, making it practical for everyday use, like buying coffee or a car. The solution aims to provide a tangible, secure way to store and use digital assets, addressing the need for infrastructure as digital asset adoption grows. For more information, visit https://niftyone.co.uk/index.html.
Participants:
Jonny Fry: https://www.linkedin.com/in/jonnyfry/
David Parsons: [e-mail]
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