Turn-key Solutions for Enabling Crypto Wallet Business · 2019-04-10 · CYBAVO VAULT Key Features...

Making Digital Wallet Secure for Business

Turn-key Solutions for Enabling Crypto Wallet Business

© 2019 CYBAVO Pte. Ltd.

Who we are

A group of cybersecurity experts making

crypto-currency wallet secure and usable

for your daily business operation.


Agenda

Current challenges 01

CYBAVO VAULT : Secure crypto wallet for enterprise

02

CYBAVO Wallet SDK : You can develop a mobile wallet, too

03

CYBAVO Ledger Service 04

Wrap up 05


Problems of current key storage solutions

Multi-signature is not enough

Lack of bank account-like control

User experience of co-managed wallet is fragmented

• No account spending limits, address whitelist, scheduled and batch payments

• No multi-level, threshold approval chain

• It does not fulfill business requirements, such as multiple authority level approval

• Vulnerable to malicious human intention

• Current co-managed wallets require different devices and applications (different signature hardware, IM communication, etc.)

• This fact introduces management overhead and security weak points


CYBAVO VAULT : Secure crypto wallet for enterprise


Cold Wallet

Semi-Cold Wallet

Hot Wallet

Vulnerable to cyberattacks

User-friendly interface

Convenient access to funds

Single user design

Lacks bank account-like control

Some solutions are resistant to damage or theft

Secure against cyberattacks

Not user-friendly

Inconvenient access to funds

Single user design

Lacks bank account-like control

Vulnerable to physical damage or theft

CYBAVO VAULT

Secure against cyberattacks

Operates between cold and hot wallets

Convenient access to funds

Multi user and role support

Bank account-like controls

Resistant to physical damage or theft

User-friendly interface

Ideal for regular operations Ideal for long term storage

Ideal for fund management

Semi-cold wallet as a solution


CYBAVO VAULT Security Features

Security built from the bottom

• Secure minimal Linux OS image +

• Sandboxed runtime environment +

• High strict policy enforcement as Hosted IPS/IDS

Dynamic secret keys changing

• Unique encryption scheme via most mature RSA4096 + AES256 + ECC algorithms

• Shared risk model (no single point can decrypt the private key)

User security

• Multi-Factor Authentication via mobile App + Email + PIN

• App security sentinel (rooted detection, hook detection, sandbox escalation..)


CYBAVO VAULT Key Features

Multiple wallet management from a single interface

• Easily manage all your accounts and cryptocurrencies from an intuitive UI.

• Create currency-specific wallets for the most popular cryptocurrencies.

Broad currency support

• Support for the most popular currencies such as BTC, ETH, XRP, EOS or ERC20 tokens.

• Quick new currency on-boarding thanks to our blockchain-agnostic architecture.


CYBAVO VAULT Key Features

Chained and Threshold Approval Process

• Design an approval chain specific for each wallet or account.

• Multi-level chains with M-of-N approvals and threshold levels.

Scheduled and batch withdraw

• Monitor wallet balance or schedule a withdraw to trigger payments automatically.

• Automate serial payments with a single approval process.

User and wallet-based policies

• Define users’ roles, permissions and limits.

• Assign transaction limits for each wallet and operator.

• Pre-approve withdrawal addresses.

CYBAVO VAULT Transaction Flow

TRANSACTION DONE (Broadcast by Full Node)

Transaction Guard

Submit Transaction (Web interface)

NOTIFY AUDITORS

Approval LEVEL 2 (2 of 3 APPROVERS)

Approval LEVEL 1 (SINGLE APPROVER)

Approval LEVEL 3 (1 of 2 APPROVERS)

Wallet Operator

1

Transaction request Approval process Transaction execution

2 3


CYBAVO VAULT Advantages

Solid development by a security-focused team

Bank-like operations for cryptocurrencies

Non-reliance in the underlying currency technology allows us quick currency on-boarding

Comprehensive security design

Fast and easy deployment Turn-key solution


CYBAVO WALLET SDK



Wallet Issue: User On-boarding is Difficult

Written or backup mnemonic words

• Very handy process and easy to lose backup

• Verification step is troublesome for non-technical user


CYBAVO Wallet SDK Offers

Mobile SDK including complete UX/UI design

Worry-free key management system

Seamless multi-cryptocurrency support

Comprehensive backend management


Build Fully Featured Crypto Wallets



User management • Activation • Wallet status • Withdrawal limitation • PIN management

Withdrawal limitation • Daily withdrawal • Currency-specific • User-specific

Currency configuration • Currency activation

PIN management • PIN reset • PIN change

Usage statistics • Daily user activity • Transaction volume)

Comprehensive log • User activity • User device information

CYBAVO Wallet Management Platform


By using CYBAVO Wallet SDK

Phone User Wallet Advantages Wallet Provider Advantages

Quick on-boarding process

Wallet PIN is recoverable

No need for mnemonic words

Fast wallet development

Worry-free key management

Zero effort to maintain multi-blockchain node and hard fork

One-stop solution: from backend management to front-end UX/UI design reference

Broad cryptocurrency support and quick new currency on-boarding


CYBAVO LEDGER SERVICE


Full Node Ledger Features

Clustering Multiple zone availability

Broad currency support

RESTful API Interface Integration


Full Node Ledger Advantages

Instant support for new currencies

High availability Turn-key solution

Scalable Cost saving Secure


CYBAVO VAULT Advantages

Solid development by a security-focused team

Secure and usable blockchain solutions for enterprise

Quick currency on-boarding Comprehensive security design

Turn-key solution

Visit www.cybavo.com

for more information

Thank you

Making Digital Wallet Secure for Business

https://www.cybavo.com

Turn-key Solutions for Enabling Crypto Wallet Business · 2019-04-10 · CYBAVO VAULT Key Features...

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Transcript of Turn-key Solutions for Enabling Crypto Wallet Business · 2019-04-10 · CYBAVO VAULT Key Features...