Airbitz Inc, a San Diego-based blockchain and data security company, today announced a partnership with Augur, the decentralized prediction market that runs on the Ethereum blockchain, to deploy the Airbitz Edge Security Platform.

“We want Augur to be just like using a regular website, from the user's point of view. Our partnership with Airbitz is a big step towards this goal: users will have the option to use a more traditional accounts system, instead of having to manually manage their cryptographic keys”, said­ Jack Peterson, Augur Core Developer, Forecast Foundation.

Airbitz has been developing its Edge Security Platform since it was founded in 2014. Instead of storing data on centralized servers, it decentralizes data storage, thereby eliminating the risk of data being compromised in case of a hacking attempt. The blockchain security solution automatically encrypts, backs up, and synchronizes private keys and account data across devices, thereby offering end-users easy and secure account creation process.

Edge Security allows users for the first time to securely and seamlessly use decentralized Blockchain apps like Augur.

"One of the biggest usability issues with decentralized apps at the moment is that there's no good way to store private keys and account data without resorting to a centralized server: Airbitz solves this problem for Augur", said­ Joey Krug, Augur Core Developer, Forecast Foundation.

Augur is a highly anticipated open, decentralized, autonomous prediction market platform, which has raised over $5.3 million in crowdfunding to date. With this partnership, any Ethereum ­based app will now be able to deploy Edge Security for its end­ users making usability much more accessible to a mainstream audience while still ensuring that the user remains in sole control of their private data. With plans to bring Edge Security to many more apps in Bitcoin, Ethereum, and beyond, Airbitz is positioned to be the world’s first fully private single sign­-on and key management solution for interacting with blockchains.

“Call it a prediction, but when fully released, Augur will have with the most seamless account creation, encryption, backup, and synchronization process in the industry, as well as close integration with Airbitz accounts. Augur has developed an industry disrupting product that may drastically reshape our financial markets. An empowering decentralized app like Augur helps round out the offering of decentralized currencies like Bitcoin. The Airbitz team is happy to be working with Augur to deliver our Edge Security platform to Augur users”, said­ Paul Puey, Airbitz Co­founder/CEO.

Since releasing the Edge Security SDK in the first quarter of 2016, there are now a handful of apps leveraging Airbitz Edge Security in the iOS and Android app stores. In addition, Airbitz sees a variety of “paradigm shifting” use ­cases for Edge Security that go beyond the Blockchain ecosystem – in legacy industries and tech categories such as Healthcare, IoT, secure messaging, authentication, identity, financial services, etc.

Augur has two huge events this week – CNBC & Singularity U’s Exponential Finance Innovation Lab on 7th and 8th June and "Augur 101: When Ethereum Meets Prediction Markets” to be held at Barclay’s NY Accelerator “Rise New York” on the evening of June 8th. Augur's Joey Krug and Tony Sakich will present on Augur, along with InTrade Founder Ron Bernstein talking about the Past, Present & Future of Prediction Markets. There are currently 250 RSVPs along with a growing wait list, which will make this the largest American Ethereum event to date.