Project description
Affordable data encryption services
In recent years, data encryption has become increasingly necessary for many types of businesses. Despite the increased need for data encryption, companies have been reluctant to embrace encryption to protect their data. This is because most data encryption services are expensive. The EU-funded TRIDENT project will develop a cloud-based platform built on the foundations of hardware security modules (HSMs). This platform will provide affordable data encryption services, also allowing the usage of the platform with low entry-level HSMs. Although HSM-based solutions are still considered a niche market, it is one of the fastest growing IT market segments. Also, the use of HSMs is expected to double.
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.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1122 BUDAPEST
Hungary
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.