Cloud Constellation to Offer Tokenization Data Vault Services
TokenEx and Cloud Constellation announced they will begin jointly designing a space-based data security solution that layers tokenization and storage in space for securing their customers’ sensitive data. The combination of TokenEx’s Data Protection Platform and Cloud Constellation’s SpaceBelt service would enable organizations to secure sensitive data in space while storing only tokens in their terrestrial systems.
TokenEx removes companies’ payment, personal, and health data, replacing it with tokens. With the sensitive data removed, a successful breach on an organization’s systems by hackers results in no loss of data. Sensitive data remains vaulted, ready to be processed on demand by swapping tokens for data as organizations interact with their third-party providers and partners.
SpaceBelt is a scalable, space-based cloud data Security as a Service (SECaaS) offering that uses a constellation of 12 satellites in Low Earth Orbit (LEO). The constellation of satellites are networked with redundant laser photonic rings. Three of the 12 satellites are multi-tenant data storage satellites providing 12 PB of data vault memory, redundant across the three satellites. Bypassing global terrestrial networks, the SpaceBelt network communicates with secure access points located at TokenEx data centers, payment processors, and third parties via encrypted connectivity with Geosynchronous Earth Orbit (GEO) satellites.