Presentation for a Bitcoin group on next generation cryptography.

1. Crypto v2.0
Steven C. Markey, MSIS, PMP, CISSP, CIPP/US , CISM, CISA, STS-EV, CCSK, Cloud +
Principal, nControl, LLC
Adjunct Professor

2. • Presentation Overview
– Security Challenges
– Technical Solutions = Opportunity
• Homomorphic Encryption (HE)
• Stateless Tokenization
– Real-world Deployments
Crypto v2.0

3. Crypto v2.0
• Security Challenges
– New Technology Paradigms
• Digital Currencies
• Big Data
– Legacy Crypto Exists – MD5, AES 128
• Big Data May Cover Multiple Crypto Deployments
• BitCoin, etc. relies on ECC
– Attack Vectors
• (Sensitive) Data Compromise
• Wallet &/or Key Compromise
– Single (Location) Point of Failure
• Lack of Backups

4. Source: Flickr

5. Crypto v2.0
• Technical Solutions
– (HE)
– Stateless Tokenization

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7. + =
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Source: thonky.com

11. Crypto v2.0
• HE vs Multisig
– HE = Parse & Match Key Values
• Keys Can Be Lost
• Allows for Arbitrage
– 3rd
Parties May Be Hacked – Not an issue for Colored Coins
– Multisig = N-to-1 Address to Key Association
• Addresses Can Be Spoofed
• Addresses Are Easier to Determine
• Allows for Arbitrage

12. Crypto v2.0

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14. Securing Big Data

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22. • Presentation Take-Aways
– Big Data & Digital Currencies Are Here to Stay
– They Have to be Secured
–Data
–Keys
–Objects
Crypto v2.0

23. • Questions?
• Contact
– Email: smarkey@ncontrolsec.com
– Twitter: markes1
– LI: http://www.linkedin.com/in/smarkey