Previous chairman of the U.S. Securities and Exchange Commission, or SEC, Jay Clayton, was delegated by ex-President Donald Trump to serve in 2017. In his tenure as head of the SEC, Clayton often defended Bitcoin (BTC) as a store of significant worth. This previous Wednesday, during a interview with CNBCs Squawk Box show, Jay shared his musings on digital currency and how it ought to be directed going ahead. The previous SEC seat said that he is a huge believer in crypto technology and that its productivity benefits in the financial system and tokenization are enormous.

When asked whether the present chairperson is creating too many restrictions for the crypto industry, Jay said that cryptocurrencies have numerous purposes and are connected to a variety of industries, and the SEC should be in charge of regulating only those sectors that are linked to it.

Claytons remarks come as the current SEC chair, Gary Gensler, recently confirmed that the watchdog has no plans to ban crypto, but that U.S. congress could. Gensler warned, however, that crypto in its current form is comparable to the wild west without proper regulation.

Crypto is a wide variety of products, with a wide variety of functions, and the rules of our financial system are clear and long-standing. If you are raising capital for a project, you have to register your capital raising with SEC. If you are trading securities it has to be on a registered venue, But there are many crypto sectors like stablecoins that are not securities and outside of SEC purview.

Clayton did not allow the approval of a Bitcoin ETF during his term, which occurred now in 2021 under Gary Gensler. The agency has since come under fire for rejecting spot ETF applications and approving Bitcoin futures ETFs. Grayscale submitted a letter to SECs secretary, Vanessa Countryman, in which it stated that there is no basis for the position that investing in derivatives for an asset is acceptable for investors but not investing in the asset itself. The SEC was accused of treating the two Bitcoin ETF proposals unequally under the Administrative Protections Act, or APA.

According to Clayton, cryptocurrencies should be implemented but with appropriate regulation. He said that the government should be reactive to people who are violating our well-defined laws but proactive in encouraging the adoption of this technology throughout our financial system.

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'I'm a big believer in encryption technology,' says the former chairman of the US SEC. - BollyInside

Cloud Encryption Technology Market valued approximately USD 529.5 million in 2016 is anticipated to grow with a healthy growth rate of more than 30.3% over the forecast period 2021-2027.

Cloud Encryption Technology Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Cloud Encryption Technology Market by region.

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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In todays society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

Increasing Adoption of Cloud-based Solutions among Small and Medium Size Enterprises Favors Market at the forefront of driving the global cloud encryption market is the dire need to encrypt data before it is transferred to the cloud for storage. Growing demand for security capabilities offered by cloud encryption solutions is leading to the increased penetration and growth of cloud encryption market globally. Further, the increasing adoption of advanced data storage technology and data storage architecture by small and medium enterprises (SMEs) is leading to the increased penetration of cloud encryption solutions. The trend is noticeable among SMEs in countries such as China, India, and Japan due to the rising adoption of software as a service (SaaS) distribution model. SMEs are increasingly switching from in-house data center to cloud for various applications that helps saves running and managing cost of their data centers. The use of cloud also helps accelerate the application delivery process.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:> Solution> Services

By Service Model:> Infrastructure as a Service> Software as a Service> Platform as a Service

By Cloud Deployment:> Public> Private> Hybrid

By Organizational size> Small and Medium> Large Scale Organization

By Vertical:> BFSI> Healthcare and Lifesciences> Media and Entertainment> Retail and E commerce> Automotive and Manufacturing> IT and Telecom> Others

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By Regions:> North Americao U.S.o Canada> Europeo UKo Germany> Asia Pacifico Chinao Indiao Japan> Latin Americao Brazilo Mexico> Rest of the World

Furthermore, years considered for the study are as follows:Historical year 2015Base year 2016Forecast period 2017 to 2025

Some of the key manufacturers involved in the market are Gemalto N.V, Sophos Group PLC, Symantec Corporation, Sky High Networks, Netskope Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Cloud Encryption Technology Market in Market Study:> Key Consulting Companies & Advisors> Large, medium-sized, and small enterprises> Venture capitalists> Value-Added Resellers (VARs)> Third-party knowledge providers> Investment bankers

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Final Report will add the analysis of the impact of COVID-19 on this industry.

a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

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What is the aim of the report?

Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.The various parameters accelerating the growth of Market are incorporated in the research report.The report analyses growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.The growth rate of the market in every region, including their countries over the forecast period is included in the market report.Based on what factors are the key market players assessed in this report?The report offers detailed analysis of leading companies in the market across the globe.It provides details of the major vendors involved in the Market including Key PlayersA comprehensive overview of each company including the company profile, generated revenue, pricing of goods andthe manufactured products is incorporated in the report.The facts and figures about market competitors along with standpoints of leading market players are presented in the report.The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

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What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.The report offers the present scenario and future growth prospects Market in various geographical regions.The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.The SWOT analysis is conducted along with Porters Five Force analysis.The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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Cloud Encryption Technology Market Growth Opportunities, Driving Factors by Manufacturers, Regions, Type and Application, Forecast Analysis to 2027 -...

SAN DIEGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT, or the Company) is enhancing its qTerm device cybersecurity technology in order to ensure robust privacy and sensitive data protection for its potential users. Due to the rise of sensitive data breach cases in the past few years, GBT decided to add another layer of data protection, developing breakthrough techniques to prevent potential data theft.The enhancements will be performed within the devices AI computer programs to increase data security for its machine learning and computing environments. GBT's qTerm, a human vitals intelligence device is targeted to measure human vitals with a touch of a finger, and includes AI technology for personal health monitoring. The device is accompanied by a smartphone app and a synchronized widget web application to keep a history and provide health related analytics.

GBT will be implementing Homomorphic Encryption (HE) techniques within its AI environment to enable encrypted data processing without decrypting it first. The qTerm algorithms send data back and forth over encrypted channels. The AI needs to perform computations and analysis and typically the system decrypts the information first, working on it, and re-encrypting it again before sharing it. This creates a potential security risk. HE technology enables robust data protection since the processing is always done with the encrypted data. HE techniques were known to have one major disadvantage, which is a very long processing time compared to decrypted data processing runtime. GBT developed new algorithms that operate with much higher performance enabling fast computations using HE methods. The company plans to implement HE technology within qTerms Machine Learning components, mobile and web interface computing environments.

Our AI engine includes multiple modules that shares digital assets over internal channels. The machine learning sub-systems may communicate sensitive information, for example, sharing users medical/personal information between the data storage module and the data training module. In order to secure data, there are two major operations that are done, encryption and decryption. The encryption typically happens where the sensitive data is first captured, for example after qTerm device recording a users vitals. The data is then sent to the AI system for processing on the main data center. At the data center the data needs to be decrypted to work on, and then re-encrypted after completion. The decrypting phase introduces potential data breach risk. Using the HF technique eliminates the need for decryption, and all operations can be performed on the encrypted data which eliminates the major security risk. We plan to develop several types of algorithms in this domain that will use cryptography and mathematical methods to operate directly on encrypted data. In this way well significantly enhance the datas privacy and security. One of qTerms main purposes is to perform as a telemedicine device which communicates with its AI data center. Users vital information will be sent via a web widget and HE based technology will ensure a high level of data security. AI systems require robust security mechanisms by their nature and by using HE we are preserving data privacy starting at the source. Particularly, with a telemedicine type device, like qTerm, the data will be encrypted and outsourced to its data center environment for processing, all while encrypted. In the past few years there is a constant growing concern about data privacy and security, and implementing new techniques and methods in this domain will ensure highly secured AI operation and computation. We believe that this is especially important for the qTerms device as it collects, processes and records sensitive personal and medical information, said Danny Rittman the Companys CTO.

There is no guarantee that the Company will be successful in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched and fully developed, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (GBT) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBTs mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBTs goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBTs vision is to produce this system as a low cost, secure, private-mesh-network between all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Companys ability to raise capital on acceptable terms, if at all, the Companys successful development of its products and the integration into its existing products and the commercial acceptance of the Companys products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact:

Dr. Danny Rittman, CTO press@gopherprotocol.com

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GBT is Enhancing qTerm's Cybersecurity Technology to Provide a Higher Level of Data Protection For its Users - GlobeNewswire

Encryption is a form of data security in which information is converted to ciphertext. Only authorized people who have the key can decipher the code and access the original plaintext information.

In even simpler terms, encryption is a way to render data unreadable to an unauthorized party. This serves to thwart cybercriminals, who may have used quite sophisticated means to gain access to a corporate networkonly to find out that the data is unreadable and therefore useless.

Encryption not only ensures the confidentiality of data or messages but it also provides authentication and integrity, proving that the underlying data or messages have not been altered in any way from their original state.

Original information, or plain text, might be something as simple as "Hello, world!" As cipher text, this might appear as something confusing like 7*#0+gvU2xsomething seemingly random or unrelated to the original plaintext.

Encryption, however, is a logical process, whereby the party receiving the encrypted databut also in possession of the keycan simply decrypt the data and turn it back into plaintext.

For decades, attackers have tried by brute forceessentially, by trying over and over againto figure out such keys. Cybercriminals increasingly have access to stronger computing power such that sometimes, when vulnerabilities exist, they are able to gain access.

Data needs to be encrypted when it is in two different states: "at rest," when it is stored, such as in a database; or "in transit," while it is being accessed or transmitted between parties.

An encryption algorithm is a mathematical formula used to transform plaintext (data) into ciphertext. An algorithm will use the key to alter the data in a predictable way. Even though the encrypted data appears to be random, it can actually be turned back into plaintext by using the key again. Some commonly used encryption algorithms includeBlowfish, Advanced Encryption Standard (AES), Rivest Cipher 4 (RC4), RC5, RC6, Data Encryption Standard (DES), and Twofish.

Encryption has evolved over time, from a protocol that was used only by governments for top-secret operations to an everyday must-have for organizations to ensure the security and privacy of their data.

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What is Encryption? Definition, Types & Benefits | Fortinet