Partisia Blockchain grants DAT to build privacy-preserving data security and compliance solutions

ZUG, 9 JULY 2024. Partisia Blockchain grants the Digital Assets Technologies (DAT) AG. to launch a platform designed to tackle critical data security and privacy issues. Tailored for auditors and blockchain organizations, the DAT’s platform will be a robust mechanism for proving asset ownership while ensuring privacy and compliance.

Traditional data transmission methods are increasingly inadequate, often leading to security breaches and undermining transaction integrity. This vulnerability affects not only auditors and blockchain organizations but also poses significant risks to Virtual Asset Service Providers (VASPs), banks and end consumers. The Partisia Blockchain-supported DAT solution will address these challenges by offering a secure, privacy-preserving environment for transaction and asset verification.

The Partisia Blockchain-backed DAT platform will be designed to balance the need for transparent audits with the right to privacy in digital transactions. This approach ensures data can be shared and verified in a manner that meets modern privacy expectations and compliance regulations, making it essential for financial institutions and end-users.

The DAT solution will combine advanced technology with industry expertise to deliver features tailored for blockchain entities and financial auditors:

Employee key monitoring: Tracks key custodianship and wallet balances within single- and multisig wallets, ensuring clear oversight of digital asset management.
Wallet ownership proofs and attestations: Provides irrefutable evidence of asset ownership and control of private keys, essential for internal revisions and financial audits.
Transaction and limit policy monitoring: Ensures each transaction adheres to authorized policies and regulations, adding compliance oversight.
On-chain compliance rule-engine: Automates compliance checks directly on the blockchain for real-time assurance.
Compliance reporting: Streamlines reporting to align with regulatory demands and internal risk management.
Risk matrix for exchange and marketmaker: Assesses and mitigates risks associated with crypto exchanges and market-making activities.
Multi-wallet integration and balance reporting: Manages and reports across multiple wallets to maintain asset distribution oversight.

The Partisia Blockchain-supported offering’s security architecture prioritizes privacy and security without sacrificing usability, featuring:

Zero-knowledge computing: Ensures only necessary data is revealed during audits, preserving transaction privacy.
Multiparty computation (MPC): Performs computations on encrypted data, ensuring sensitive information remains concealed.
Data encryption at rest: Maintains data confidentiality against unauthorized access and breaches.
Provable trust framework: Guarantees no access to clients’ sensitive data, bolstering stakeholder confidence.
Audit trail and transparency: Provides a transparent, tamper-evident log for accountability and regulatory examinations.

The DAT’s solution will uphold strict standards, aligning with ISO 27001 and SOC 2 frameworks to deliver a robust compliance posture. This suite of features ensures that the offering meets today’s market and regulatory requirements and can adapt and scale to future demands.

About Partisia Blockchain: Partisia Blockchain brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with 35 years of rigorous research, Partisia Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com

About Digital Assets Technologies (DAT) AG.: Digital Assets Technologies (DAT) AG offers secure, privacy-focused SaaS solutions for CPAs, financial auditors and digital asset companies. Created by seasoned blockchain experts, the platform revolutionizes accounting, financial audits and travel rule compliance with top-tier security and regulatory adherence. Learn more: https://dat.ag

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