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![losif Peterfi, Founder and CEO of Ethernity CLOUD.](https://www.msn.com/en-ae/money/news/ethernity-cloud-presents-confidential-computing-technology-at-ritossas-18th-global-family-office-investment-summit/"default":"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AAW32RC.img?h=533&w=799&m=6&q=60&o=f&l=f&x=405&y=260","size3column":"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AAW32RC.img?h=416&w=624&m=6&q=60&o=f&l=f&x=405&y=260","size2column":"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/AAW32RC.img?h=416&w=624&m=6&q=60&o=f&l=f&x=405&y=260")


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losif Peterfi, Founder and CEO of Ethernity CLOUD.


Ethernity Cloud offered the latest developments in its community for personal, confidential data processing in Riyadh, Saudi Arabia, at Sir Anthony Ritossa’s 18th Global Relatives Workplace Financial commitment Summit held from March 15-17, 2022, in the presence of His Royal Highness Prince Abdulaziz bin Faisal bin Abdulmajeed Al Saud.
In gentle of today’s aim on Website 3., the applicability of Ethernity Cloud is limitless and extensive-time period use scenarios include things like healthcare, armed forces, and governing administration applications.
The company’s technological innovation is decentralised and confidential nameless, which helps make it an suitable resolution for the rapidly-escalating private computing marketplace, which is approximated to access $52 billion in the upcoming 3 years, in accordance to Everest Group Market place investigate.
“Our processes are clear, and the info is confidential — whilst in storage, in transit, and all through processing. With data staying at the core of the electronic planet and privateness need on the increase, Ethernity Cloud provides a useful network where facts can be processed in a non-public and private manner,” stated Iosif Peterfi, founder and CEO of Ethernity Cloud.
Ethernity Cloud uses blockchain technologies, the exercise on the community is totally clear and it requires place in a trustless surroundings, stopping foul enjoy. On leading of all the things else, for the reason that the network is comprised of unbiased CPUs (nodes), downtime is pretty much lessened to zero. Primarily, Ethernity Cloud provides a way for business enterprise entities to run dApps in a private and confidential method, although also delivering a passive earnings resource for node operators.
“Ethernity Cloud is revolutionising the cloud computing market with its honest ecosystem exactly where everyone’s proper to privacy is totally shielded, and integrity is insured by the blockchain alone. Information is secured guaranteeing reasonable, decentralised and truly personal functions. We are honoured to have had the staff be part of us in Riyadh,” stated Sir Anthony Ritossa, Chairman of Ritossa Household Workplace.
Importantly, the company is also environmentally oriented and takes good measures to offset carbon emissions. As a result of a partnership with Inexperienced Ant, a job which vegetation trees in Thailand and mints an NFT for each tree that they plant, Ethernity Cloud is committed to becoming carbon destructive.
“As a previous security dude, owning worked with the US Department of Protection, I recognise that blockchain is the constructing block that is the response to solve a great deal of our current difficulties. At Ethernity Cloud, knowledge privateness is deemed a human ideal. That is our mission. Blockchain opened the doorway to make our undertaking feasible blockchain for us is about decentralisation,” explained Peterfi.
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