TRIDENT SIGNED
TRIDENT ELASTIC HSM PLATFORM
Total Cost €
0EC-Contrib. €
0Partnership
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0TRIDENT project word cloud
Explore the words cloud of the TRIDENT project. It provides you a very rough idea of what is the project "TRIDENT" about.
Project "TRIDENT" data sheet
The following table provides information about the project.
| Coordinator |
I4P- INFORMATIKAI KORLATOLT FELELOSSEGU TARSASAG
Organization address contact info |
| Coordinator Country | Hungary [HU] |
| Total cost | 71˙429 € |
| EC max contribution | 50˙000 € (70%) |
| Programme |
1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies) |
| Code Call | H2020-SMEInst-2018-2020-1 |
| Funding Scheme | SME-1 |
| Starting year | 2020 |
| Duration (year-month-day) | from 2020-01-01 to 2020-04-30 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | I4P- INFORMATIKAI KORLATOLT FELELOSSEGU TARSASAG | HU (BUDAPEST) | coordinator | 50˙000.00 |
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Project objective
Although the use of encryption in the business is increasing, most of the data are still stored unencrypted. Companies apply improved security measures but still suffer from cyberattacks and data breaches. Even though hardware security modules (HSM) are the most secure options in cryptographic processing and key management, they are expensive, and their usage is limited to large entities. I4P Ltd. has developed the world’s first multi-party HSM module, which can distribute encryption keys on several devices, thus significantly reducing the security risk. Built on this HSM, I4P develops a scalable cloud-based system (TRIDENT ELASTIC HSM PLATFORM), which offers the most comprehensive crypto security services even for users with a single, entry-level HSM device. Trident platform competes both with the HSM manufacturers (e.g., Thales, nCipher, Utimaco) and the cryptographic service providers (e.g. Google, Microsoft). However, it is well-positioned with the multi-party HSM-based unique service offerings, such as the on-demand performance increase or capacity renting. Besides the large enterprises and organizations, the Trident Platform will be a perfect solution for the more cost-sensitive SMEs. Although HSM-BASED SOLUTIONS are still considered a niche market, it is one of the fastest-growing IT market segments with a CAGR of 10.9%, and an expected 1 billion volume by 2022. The use of HSM is expected to double within the next 12 months. The REVENUE comes from the sale of the HSM units and the Platform services to the value-added distributors. The revenue target for 2026 targeted €15.8M. In the SME Phase 1 project I4P would like to assess the business viability of the service platform and validate the final scalable service options to prepare the phase 2 projects. The team with 60 years of experience in the IT security industry, and headed by Mr. Zsolt Rózsahegyi, founder of NetLock Ltd, is perfectly aligned to achieve success at the global market.
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