THE VAULT FOUNDATION SIGNS AGREEMENT WITH SINGAPORE’S #1 CRYPTOCURRENCY EXCHANGE
TO WORK TOGETHER ON THEVAULT’S DECENTRALIZED SECURITY CONSENSUS AND AI-FRAUD DETECTION PLATFORM
NOVEMBER 06, 2018. TheVault has announced the signing of an MOU agreement with BCoin.sg, Singapore’s #1 rated cryptocurrency exchange.
The Vault Foundation, a Singapore-based company providing a decentralized consensus security protocol that utilizes an AI-powered fraud detection solution has announced an agreement with BCoin.sg Exchange with the aim of bringing the BCoin.sg to join TheVault Security Consensus Network, a global security ecosystem that will speed blockchain transactions and eliminate cybercrime.
The agreement enables BCoin.sg to leverage advanced, AI-powered fraud detection as well as TheVault’s consumer anti-virus, malware, phishing and ransomware protection for all its member’s desktop and mobile devices.
The Vault Platform is the world’s first blockchain security consensus protocol using an AI-powered fraud detection solution that will guarantee digital transactions whether fiat or cryptocurrencies.
TheVault Platform provides a three-tiered product approach, security consensus network, an artificial intelligence-powered, Fraud Detection Solution, and consumer device application protection.
Marco Baik, co-founder at TheVault said: “We can eliminate cyber attacks before they can start, eliminate digital addresses from accessing a network or being part of a transaction. Using TheVault’s AI-powered fraud detection we can provide an increasingly smarter and safer way of transacting using cryptocurrencies, and we can speed the transaction approval process.
In addition to AI-powered fraud detection, BCoin.sg Exchange will be able to add TheVault’s consumer protection for all its customers.
BCoin.sg Exchange CEO, Davy Goh said: “Security for our users is the most important priority for us. TheVault Platform is an exciting project to be involved with. The capability to make transactions even faster, safer and more secure is great for our customers, great for everyone.”
About BCoin.sg Exchange:
Based in Singapore, BCoin.sg is a global exchange platform that empowers the masses to trade in cryptocurrency on web and mobile — trusted for our stability and security. More than an exchange, BCoin’s vision is to be the world’s first fiat-crypto exchange with an integrated digital payment solution — empowering investors to trade, store and spend all of their favorite cryptocurrencies easily and securely.
For more information about BCOIN contact:
Wendy Lim wendy@BCoin.sg
Kimberly Kan kimberly@BCoin.sg
About The Vault Foundation:
TheVault Ltd manages the Vault Foundation, a Singapore registered business dedicated to making the crypto transactions and the storage of crypto assets safe, and delivering to the fiat and digital payments sector — Security You Can Trust!
For more information about the Vault Foundation contact:
Marco Baik marco@theVAULT.foundation
Dannie Francis dannie@theVAULT.foundation