Canopy builds system to wall off high-value signing keys ahead of token launch

Canopy, the AI-native platform for building and deploying onchain applications, has launched Canopy KMS, a key management system that seals its high-value signing keys inside a dedicated enclave.

The company stated that it is doing this to ensure that it has a tight security system in place before its upcoming token generation event (TGE).

How is Canopy protecting its keys from hackers?

According to the team, Canopy KMS has an isolation-first design. This means that the key material stays inside the enclave, and the enclave hands back nothing but the signature.

Canopy’s CEO, Adam Liposky, said that they built the system from scratch to meet the specific demands of their ecosystem.

Cofounder and CTO Andrew Nguyen mentioned it as well, while pointing out that generic signers are built for broad compatibility. He said, “they do not handle the nuance nor volume of Canopy Terminal’s transfers.”

And that is why they went to build a system that can handle those tasks the way they want it to.

Canopy KMS arrives at a critical time for crypto security

The company framed the Canopy KMS launch as a proactive signal to avoid adding to the growing statistics highlighting a difficult stretch for crypto security.

… Continue reading the full article at the original source below.