Leonovus Inc. announces that it has signed a proof of concept agreement with one of Canada’s ‘big six’ banks. Leonovus will install its unique blockchain-hardened software to assist the Bank in developing a multi-site data storage management fabric with complete data security, performance and compliance metrics that meet or exceed the Bank’s data governance policies.
After installing the Leonovus 3.0 platform, the Company will develop return on investment and total cost of ownership models regarding the reduction and optimization of data storage and data portability for the Bank. Leonovus will also help the Bank to leverage its current storage assets to form a secure and compliant private cloud storage network that will dramatically reduce data storage costs while increasing data security.
Leonovus’ unique ultra-secure and compliant data storage solution resonates strongly with the enterprise market. The Leonovus 3.0 blockchain-hardened software-defined storage solution was architected with the fundamental assumption that all enterprise physical and network security systems are vulnerable to failure and that cybersecurity breaches are inevitable. However, Leonovus 3.0 renders the data unreadable by unauthorized persons, stops ransomware, while fully maintaining standards, audit, and chain of evidence compliance requirements.
“Our business development pipeline is strong. We are in discussions with several other Canadian Charter I Banks and over twenty large enterprise customers. Our unique blockchain hardened ultra-secure data storage technology is getting very positive feedback from enterprise customers, and we expect to sign more agreements before the end of the year,” said Michael Gaffney, Chairman, and CEO of Leonovus.