Sir Anthony Ritossa’s 18th Global Family Office Investment Summit Welcomes Ethernity Cloud Ltd





Ethernity CLOUD presented the latest developments in its network for processing private, confidential data in Riyadh, Saudi Arabia, as a VIP guest at Sir Anthony Ritossa’s 18th Global Family Office Investment Summit, held from March 15-27, 2022, in the presence of His Royal Highness Prince Abdulaziz bin Faisal bin Abdulmajeed Al Saud.

Sir Anthony’s esteemed event hosted more than 400 global leaders who share the same values ​​regarding the importance of aligning solutions to the world’s greatest challenges and making an impact through investment, positive action and personal commitment. Royal families, global business leaders, sheikhs, leading entrepreneurs and private investors were guests at the event, and previous Summits have raised US$2.8 billion in investments for leading global start-ups, entrepreneurs, funds and philanthropic efforts.

In light of the current focus on Web 3.0, the applicability of Ethernity CLOUD is limitless and in the long term, applications can be used in healthcare, military and government. The company’s technology is decentralized, confidential, anonymous and highly available, making it an ideal solution for the fast-growing confidential computing market, estimated to reach $52 billion over the next three years, according to Everest Group Market research.

“Our processes are transparent and the data is confidential – during storage, transport and processing. As data is at the heart of the digital world and the demand for privacy is increasing, Ethernity CLOUD provides a valuable network where data can be stored in a private and confidential way. processed,” said Iosif Peterfi, founder and CEO of Ethernity CLOUD.

Because Ethernity CLOUD uses blockchain technology, the activity on the network is completely transparent and takes place in a trusted environment, preventing cheating. In addition, because the network consists of independent CPUs (nodes), downtime is reduced to virtually zero. Essentially, Ethernity CLOUD provides a way for business entities to run dApps in a private and confidential manner, while also providing a passive source of revenue for node operators.

It is important that the company is also environmentally oriented and takes the right measures to compensate for CO2 emissions. Through a partnership with Green Ant, a project that plants trees in Thailand and uses an NFT for every tree they plant, Ethernity CLOUD is committed to going carbon negative.

“As a former security officer who has worked with the US Department of Defense, I recognize that blockchain is the building block that is the answer to many of our current problems. At Ethernity CLOUD, data privacy is considered a human right. That is our mission. Blockchain opened the door to make our project feasible, for us blockchain is about decentralization,” says Peterfi.

“Ethernity CLOUD is revolutionizing the cloud computing industry with its fair ecosystem where everyone’s right to privacy is fully protected and integrity is assured by the blockchain itself. Data is protected from illegitimate activity by cloud providers and ensures fair, decentralized and truly private activity. We are honored that the team has joined us in Riyadh,” said Sir Anthony Ritossa, Chairman of Ritossa Family Office.

For more information about Ethernity CLOUD and the Global Family Office Investment Summit, visit https://www.saudisummit.org.

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