News

Gemalto, Ledger to provide security infrastructure for cryptocurrency activities

Wednesday 4 October 2017 09:56 CET | News

Gemalto has teamed up with Ledger, a security and infrastructure provider for cryptocurrencies and blockchain applications, to deliver security infrastructure for crypto assets apps.

The joint solution consists an integration of Ledger’s Blockchain Open Ledger Operating System (BOLOS) into Gemalto’s SafeNet Hardware Security Module (HSM) to provide a secure environment for financial institutions looking to leverage cryptocurrency.

The solution enables a variety of use cases, such as launching investable products on cryptocurrencies, or stocking cryptocurrencies securely. Customers can customize account-based digital signature policies, heightening security requirements for user authentication of these transactions. The solution also builds in the ability to execute blockchain-based smart contracts, which are self-enforcing, self-executing digitally signed contracts. 

The market has seen a significant growth of cryptocurrencies over the past few years, now representing a market capitalization of USD 137 billion, compared to USD 7.8 trillion for gold and USD 83.8 trillion for the global stock market. In addition, multiple large banks and hedge funds have announced plans to develop and implement blockchain use cases, both for internal and external purposes.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Gemalto, ledger, cryptocurrency, blockchain, partnership, online security, smart contracts
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions