SoLVBL Solutions Inc. an innovative cybersecurity company that provides proprietary data authentication SaaS that uniquely features advanced cryptography for data authentication at unprecedented speed and scalability, announced that the Company has a patent pending with the United States Patent and Trademark Office to document the cryptographic protocol, which is at the heart of Q by SoLVBLTM.The application ...

SoLVBL Solutions Inc. (CSE: SOLV), an innovative cybersecurity company that provides proprietary data authentication SaaS that uniquely features advanced cryptography for data authentication at unprecedented speed and scalability, announced that the Company has a patent pending with the United States Patent and Trademark Office to document the cryptographic protocol, which is at the heart of Q by SoLVBLTM.

The application encompasses the novel use of well known and time-tested cryptographic primitives, along with immutable media, to effectively remove the bandwidth and latency bottlenecks hampering many decentralized solutions. The protocol is data agnostic, in the sense that it can be applied to arbitrarily large, but finite, binary records, and produces transferable assurances which protect the record from future tampering - even in cases of collusion.

The result, as stated by CEO Ray Pomroy, "Is, we believe, an efficient and scalable means to render arbitrary binary records effectively immutable in that they cannot be forged or altered without detection." Such functionality opens the door for verifiable data, whose proof of authenticity can be stored and, or, transmitted alongside the data itself. In other words, data, which vouches for its own authenticity and integrity.

Being able to create self-authenticating data records will provide effective deterrence and a means of detection against numerous forms of digital forgery. Without such protective measures, systems and users have no ironclad way of determining whether some or all the digital information they consume has been doctored to misinform them. Undetected, the effects of forgery are boundless - and increasing every day - as more and more systems are being created to make automated critical decisions.

As an example, Stuxnet relied on forging data to achieve its goals, as does the concept of 'fake news' relying on forging facts. The 2016 Bangladesh Central Bank heist involved the forgery of transactional data pre- and post-transmission on the SWIFT network. Increasingly, digital records are being used to guide courts and public opinion. Q by SoLVBLTM can authenticate such digital records, and is capable of handling the sheer quantity of digital information being generated in the modern age.

The company also plans to file additional related patents, and commercializing numerous solutions to the increasing threat of digital forgery.

"The filing of our provisional patent application validates our intention to create innovative authentication solutions that are designed to prevent, and address security challenges faced by many companies," said Raymond Pomroy, CEO of SoLVBL Solutions Inc. "As the world moves to remote work, we plan to develop more advanced continuous authentication solutions that can challenge the current industry standards while ensuring our clients' workflow remains uninterrupted, uncorrupted, in and out of the office."

For further information, please contact
CEO, Raymond Pomroy
15 Toronto Street, Suite 602
Toronto, Ontario, M5C2E3
E: Ray.Pomroy@SoLVBL.com
T: 905.510.7982

About SoLVBL

SoLVBL is an innovative cybersecurity company. The company's mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. The lead product Q by SoLVBL™, is a proprietary software of the company, designed to be easy to use and adopt, economically priced and provide digital record authentication at lightning fast speed. Q by SoLVBL™ allows organizations to establish trust in their data. The company is currently pursuing the following verticals: chain of custody for digital evidence; including, NG-911, data used in the financial sector, medical applications and critical IoT infrastructures.

Forward-Looking Statements

The CSE has neither approved nor disapproved the contents of this press release.

NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of the Company to successfully achieve its business objectives, including, the implementation and success of Q by SoLVBLTM, and expectations for other economic, business and/or competitive, factors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, SoLVBL assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75337

News Provided by Newsfile via QuoteMedia

OpenText Strengthens Security & Protection Cloud with Network Detection & Response

Acquisition of Bricata technology enables OpenText to extend threat detection and response to the network

OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the addition of next-generation Network Detection & Response (NDR) technology to the OpenText Security & Protection Cloud through the acquisition of Bricata .

Keep reading... Show less
SoLVBL Solutions Announces First Memorandum of Understanding  in the Financial Services Sector, with QuantGate Systems to Develop a Program for Data Security

SoLVBL Solutions Announces First Memorandum of Understanding in the Financial Services Sector, with QuantGate Systems to Develop a Program for Data Security

SoLVBL Solutions Inc. (CSE: SOLV) ("SoLVBL Solutions" or the "Company") is pleased to announce on November 21, 2021 it signed a Memorandum of Understanding ("MoU") with QuantGate Systems Inc. (OTCQB: QGSI) ("QuantGate"), an Artificial Intelligence ("AI"), Machine Learning ("ML") SaaS-based Fintech solutions provider, to develop a cyber security program to detect cyber-attacks and provide 247 data security to QuantGate's "Intelligence" platform. This is the first MOU signed by SOLV in the financial services sector, one of its priority client verticals. This first step will allow SOLV to further demonstrate its capabilities around data security and speed of transactions, which are two of Q by SoLVBL's key premises. The Company will continue to pursue opportunities with brokerages, banks and other entities in the financial services sector.

SoLVBL Solutions is at the forefront of developing cybersecurity solutions and advanced unique capabilities for providing customers with capabilities to protect and verify incoming data against a range of cyber threats.

Keep reading... Show less

OpenText Commences Tender Offer for Zix Corporation

- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Zix Corporation (NASDAQ: ZIXI) at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc.  The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 7, 2021 (the "Merger Agreement"), by and among OpenText, Zeta Merger Sub Inc. and Zix, which OpenText and Zix announced on November 8, 2021 .

The Zix board of directors has unanimously determined that the tender offer is advisable and fair to and in the best interests of Zix and its stockholders and unanimously resolved to recommend that the stockholders of Zix accept the tender offer and tender their shares pursuant to the tender offer.

Keep reading... Show less
SoLVBL Solutions Appoints Kaiser Akbar as Interim CEO and President

SoLVBL Solutions Appoints Kaiser Akbar as Interim CEO and President

SoLVBL Solutions Inc. (CSE: SOLV) ("SoLVBL Solutions" or the "Company") is pleased to announce that Kaiser Akbar has been appointed Interim CEO and President of the Company, replacing Raymond Pomroy. SoLVBL wishes to thank Raymond for his contribution to the Company and his distinguished 50 year career and wishes him all the best in his future endeavors.

Mr. Akbar has a broad background in law, public markets and corporate financing. His focus is on early-stage venture companies with potential for large growth, scalability and value creation. He has been on the board of a TSX Venture Exchange listed company, and on the board and management of several private companies. Most recently, Mr. Akbar was the Senior VP, General Counsel & Director of Simcoe Renewable Energy Corp., a privately-held renewable energy company, and between 2010 and 2016, he was the President of Advent Chemical Corp., a chemical manufacturing start-up. Mr. Akbar has an undergraduate and Master's degree in Economics from the University of Manitoba, and a law degree from Osgoode Hall Law School in 1997.

Keep reading... Show less

5 Artificial Intelligence ETFs

It might be surprising, but the phrase "artificial intelligence" has been around for over half a century — since 1955, in fact. It was intended to describe a new computer science subdiscipline.

But what exactly is artificial intelligence? In simple terms, artificial intelligence, or AI, means "simulated intelligence in machines." In other words, machines with AI are capable of thinking like people and mimicking their actions. The ideal characteristic of AI is the ability to rationalize.

Of course, that is a very broad definition of AI technology. There are actually at least 10 different applications of AI, which seems to prove that this market isn't going away anytime soon.

Keep reading... Show less

OpenText Empowers Companies to Be Digital at OpenText World

Cloud Editions 21.4 provides companies the tools to connect, manage and secure information in today's distributed, digital-first world

OpenText™ (NASDAQ: OTEX), (TSX: OTEX) is launching its most expansive product release yet at OpenText World which gets started this morning. Cloud Editions 21.4 (CE 21.4) introduces new integrations, applications and products to help customers adapt to modern work, navigate global supply chains, connect with customers, protect information and optimize developer experiences.

Keep reading... Show less

Top News

Related News