UTOPIA reinvents enterprise computing to address cybersecurity challenges and solve the $10 trillion cybercrime problem

ZURICH, June 27, 2024 /CNW/ — The DFINITY Foundation announces the launch of UTOPIA, a new computing platform technology that creates private serverless clouds with unique security and resiliency properties. This technology will enable enterprises and governments to create systems and services that are independent of highly unreliable cybersecurity technologies such as firewalls and anti-malware software to protect against cyberattacks. This technology enables artificial intelligence to operate securely, enables software to natively manage digital assets, and enables governments to achieve sovereignty. UTOPIA stands for “Unstoppable, Tamper-Proof Open Platform for Independent Autonomy.”

UTOPIA logo

UTOPIA technology directly addresses the critical IT challenges of our time. In 2025, the annual costs of cybercrime will disappear 10 trillion dollarsand AI is poised to dramatically accelerate the problem. Today, everything from critical enterprise infrastructure to simple websites is at constant risk from ransomware that takes down systems, and hackers continue to extract sensitive data at scale. In the first quarter of 2024 alone, 9,487 new data breaches were publicly disclosed, and over 35 billion pieces of personal data were stolen. As this situation continues to worsen, cybersecurity could become a challenge on par with war and climate change.

Governments and enterprises can use UTOPIA open source software to create private and sovereign serverless cloud platforms that leverage computing power such as data center servers and compute instances provided by existing cloud services. What sets this technology apart is that UTOPIA cloud platforms are created by a network protocol with mathematical properties that guarantee tamper-proof and robustness, in a way analogous to blockchain technology, but with performance, efficiency and scalability characteristics suitable for hosting computing large scale corporate .

UTOPIA cloud platforms can host serverless software that hackers cannot interact with in a way that allows them to alter functionality, access private data, or install ransomware that encrypts software and data. This heralds a revolution in the way enterprises and governments can build systems and services.

Dominic WilliamsFounder and Chief Scientist of the DFINITY Foundation commented: “UTOPIA reinvents computing by solving the greatest IT challenges of our time: cybersecurity, resilience, IT productivity and sovereignty. Governments are cautious about cloud services because they have to transfer sensitive data to them. UTOPIA offers a solution to enable next-generation private, sovereign clouds on domestic equipment that have revolutionary security properties.”

IT productivity is a pressing issue for businesses and governments. The world seems 2 trillion dollars year for IT staff who often spend most of their time chasing the complexities of current IT. UTOPIA platforms host serverless software and data in a secure, serverless cloud environment that increases productivity by dramatically simplifying the creation and administration of online systems and services.

UTOPIA technology is based on the ICP (Internet Computer Protocol), which currently powers the Internet computer network. In over three years of production, the Internet PC has never experienced a crash or hack, serving hundreds of applications and millions of users. This means ICP technology is battle-proven and advanced to power a public grid operating in the most demanding threat environments.

Internet computer information:
Today, millions of users use the Internet computer and thousands of applications run. Applications on the Internet Computers are built on smart contracts that provide them with blockchain-based security, making them tamper-proof and unstoppable. Unlike other blockchain platforms, smart contracts on the Internet are highly efficient and on par with traditional software: they can share web content, interact with other web services, and process large amounts of data. Another difference is that, thanks to its unique architecture and innovative cryptography, the Internet computer is energy efficient and comparable to traditional software running on Big Tech cloud services, and an order of magnitude lower than competing blockchains.

ABOUT DFINITY:
The DFINITY Foundation was founded in Zurich, Switzerlandin 2016. Since then, it has become the largest employer in the blockchain technology industry Switzerland and the DACH region, with talented people from local and international organizations such as IBM Research, Google Research, Meta, etc. The DFINITY Foundation is the creator and main contributor of Internet Computer, a third-generation blockchain extending the functionality of the Internet from a network connecting devices around the world to a computing platform , which hosts systems and services directly in the blockchain.

Contact:
Aaron Dodd
[email protected]
+351 85 192 6681

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SOURCE UTOPIA