IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security
IBM has announced the release of latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected.
The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome the challenges associated with traditional methods of cold storage for digital assets. By integrating advanced security features such as disconnected network operations, time-based security, and electronic approval by multiple stakeholders, OSO represents a significant leap in protecting high-value transactions.
In the announcement blog, IBM wrote, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”
Further elaborating on the functionality, the blog explained, “Hyper Protect OSO provides a policy engine that brokers communication between two different applications that have been designed not to communicate directly with each other for security purposes.”
This new approach has also been reflected in IBM’s practical application for customer needs. “IBM has worked with Metaco, an IBM Business Partner and digital asset custody provider, and tier 1 banks, to help ensure OSO addresses client requirements,” said the blog.
“As a provider of institutional grade custody infrastructure that is trusted by some of the largest global custodians and banks, it is our responsibility to deliver cutting-edge digital asset security to our clients,” said Adrien Treccani, Founder and Chief Executive Officer at Metaco.
“IBM’s confidential computing division has been a reliable partner throughout the years, and we are
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