Posted 12/5/2023, 6:03:00 PM
IBM Unveils New Security Tech for Offline Cryptocurrency Storage
- IBM released new signing technology for digital assets in cold storage to reduce risks from manual procedures
- The new IBM Hyper Protect Offline Signing Orchestrator (OSO) adds security layers like disconnected operations and multi-party approvals
- IBM has been applying its key management and confidential computing tech to cryptocurrencies and digital assets
- OSO addresses limitations of cold storage around human interactions, inside threats, and errors
- OSO is being used by IBM's partner Metaco, a crypto custody firm, to meet regulatory cold storage requirements