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TRIDENT SIGNED

TRIDENT ELASTIC HSM PLATFORM

Total Cost €

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EC-Contrib. €

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Partnership

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 TRIDENT 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.

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Project "TRIDENT" data sheet

The following table provides information about the project.

Coordinator
I4P- INFORMATIKAI KORLATOLT FELELOSSEGU TARSASAG 

Organization address
address: FOGASKEREKU UTCA 4-6
city: BUDAPEST
postcode: 1125
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 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.

# participants  country  role  EC contrib. [€] 
1    I4P- INFORMATIKAI KORLATOLT FELELOSSEGU TARSASAG HU (BUDAPEST) coordinator 50˙000.00

Map

 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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The information about "TRIDENT" are provided by the European Opendata Portal: CORDIS opendata.

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