We’re excited to announce the launch of our new product, Lock-Keeper!
Where most cryptographic solutions are complicated and used to protect large-value digital assets, Lock-Keeper is a flexible, multi-layered digital asset management system that provides a combination of innovative cryptographic software and hardware to protect both high-value and everyday digital assets from loss, theft, or misuse.
“We built Lock-Keeper to enable large service providers to easily safeguard their customers’ digital assets in web3 at scale.”
shared J. Ayo Akinyele, PhD—co-founder and CEO of Bolt Labs.
“And we did the upfront hard work so that product teams and developers can plug and play.”
Web3—the adoption of decentralized, blockchain-enabled services—is quickly becoming a popular manner for developers and service providers to provide “true ownership” of digital assets like in-game objects, investments, and even proof of ownership over physical objects. Whoever holds the key to such an asset is the de facto owner or “custodian” of it, and few solutions have provided a way to enable shared custody of an asset.
Security around these digital assets requires the management of strong cryptographic keys, which can also be complex and costly for developers. Lost keys are equivalent to lost assets and, in public blockchains, there is no built-in recovery mechanism to handle loss or theft. Solving this problem of user-controlled key management is one of the most critical elements in any system of user-controlled digital assets.
Lock-Keeper uses a combination of extensive cryptographic software techniques to distribute the keys for security and privacy and specially designed hardware to provide a trusted computing environment. As a result, Lock-Keeper provides a flexible infrastructure for developers to provide the right balance of security and privacy for the service’s digital asset needs.
With Lock-Keeper, users are able to maintain control over their own keys while they reside in redundant and secure hardware enclaves within Bolt’s infrastructure. Both service providers and users are able to collaboratively sign certificates to use the keys in a true multi-custodial manner. And keys can be recovered by users if they are lost or stolen.
Lock-Keeper is currently in implementation by early adopters and partners of Bolt Labs, including Forte Labs Inc., a blockchain gaming infrastructure provider that helps developers apply blockchain technology to their game economies to support deeper monetization and engagement with their players.
For more information, contact one of our cryptographic experts. Bolt Labs is currently providing early-access demos upon request at boltlabs.tech/demo.