Gemalto and Ledger Join Forces to Provide Security Infrastructure for Cryptocurrency Based Activities
Robust encryption and transaction security for Financial Institutions
AMSTERDAM, Oct 04, 2017 - (ACN Newswire) - Gemalto, the world leader in digital security, and Ledger, a leader in security and infrastructure for cryptocurrencies and blockchain applications, today announced a technology partnership to deliver high-assurance security infrastructure for crypto assets applications.
The joint Gemalto and Ledger solution consists an integration of Ledger's unique Blockchain Open Ledger Operating System (BOLOS) into Gemalto's industry-leading 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.
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 (see related sources below). In addition, multiple large banks and hedge funds have announced plans to develop and implement blockchain use cases, both for internal and external purposes.
Register for the joint webinar with Ledger to hear how blockchain-based cryptocurrencies are changing the face of payments and financial services. http://bit.ly/2xQ1KlS
Eric Larcheveque, CEO at Ledger, explained: "As the market value of blockchain based solutions rises, so does the need for bank grade security products, when financial institutions are looking for dedicated, certified solutions. We plan to leverage SafeNet HSM to provide our clients in the financial industry with a unique, secure product line customized to their needs."
Todd Moore, Senior Vice President of Encryption Products at Gemalto, commented: "With the proper security to protect communication, devices and users, blockchain can offer a trusted platform for parties that don't have an existing relationship to do business efficiently and transparently. Beyond the financial services market, we are also working with Ledger to embed BOLOS into any device's secure element and bring high-assurance security to markets like smart energy applications, home automation or wearables."
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. Compared with traditionally brokered transactions, a secure blockchain application for cryptocurrency trading simplifies a financial organization's portfolio and contract management process by reducing costs and saving time.
Blockchain is a disruptive new technology that allows transactions to be carried out over peer-to-peer networks by acting as a distributed ledger that gives transactional authority directly to each counterparty involved. Blockchain enables faster, more efficient transaction and settlement processes.
Additionally, blockchain is an ideal model to address the scalability concerns for widespread adoption of IoT. The massive volume of communication and data produced by IoT devices requires transactions to take place at the edge, a problem blockchain solves. Combining proven security technology with a decentralized system for IoT networks offers efficiency, user privacy, validation of the user's identity and transaction and secure offline storage to prevent theft or spoofing.
Related sources - Cryptocurrency market capitalizations, CoinMarketCap.com, September 27th, 2017 https://coinmarketcap.com/charts/ - What is the value of all the Gold in the world?, OnlyGold http://bit.ly/2g8HUdY - How much gold has been mined?, World Gold Council, September 27th, 2017 http://bit.ly/2xYuE5m - Bloomberg's World Exchange Market Capitalization index, September 26th 2017
For more information - Gemalto Network Hardware Security Modules http://bit.ly/2n2ho8g - Gemalto Encrypt Everything Whitepaper http://bit.ly/2nMnkSS - Gemalto Three Steps to Securing Data in any Cloud Environment Whitepaper http://bit.ly/2nMuwhY - Securing Blockchain with Ledger and SafeNet HSMs Solution Brief http://bit.ly/2g8o2rG - Ledger Introducing BOLOS: Blockchain Open Ledger Operating System Article http://bit.ly/2xewKPH
Gemalto media contacts Philippe Benitez Americas +1 512 257 3869 philippe.benitez@gemalto.com
Kristel Teyras Europe Middle East & Africa +33 1 55 01 57 89 kristel.teyras@gemalto.com
Shintaro Suzuki Asia Pacific +65 6317 8266 shintaro.suzuki@gemalto.com
Ledger media contact Barbara Mahe +41 78 683 89 38 press@ledger.fr
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.
Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.
For more information visit www.gemalto.com, or follow @gemalto on Twitter.
About Ledger
Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Headquartered in Paris, Vierzon and San Francisco, Ledger has a team of 60 professionals developing a variety of products and services to safeguard cryptocurrency assets for individuals and companies - including the Ledger hardware wallets line already sold in 165 countries.
For more information visit www.ledger.fr, or follow @LedgerHQ on Twitter.
Disclaimer
The information in this document does not constitute legal or investment advice and is not intended as a recommendation for buying or selling cryptocurrencies. Ledger SAS and all other companies mentioned in this document will not be responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission.
Press release (PDF): http://hugin.info/159293/R/2139022/818829.pdf
Source: Gemalto NV Sectors: Cloud & Enterprise, CyberSecurity
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan Apr 26, 2024 10:00 JST
| Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024 Apr 25, 2024 18:21 JST
| MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park Apr 25, 2024 17:45 JST
| GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series Apr 25, 2024 16:50 JST
| Toyota Exhibiting at Beijing Motor Show 2024 Apr 25, 2024 16:25 JST
| Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada Apr 25, 2024 11:10 JST
| UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh Apr 25, 2024 09:00 JST
| Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date Apr 24, 2024 17:19 JST
| MC and Denka Sign J/V Agreement in Fullerene Business Apr 24, 2024 17:02 JST
| Mitsubishi Motors Posts Record Sales in the Philippines in FY2023 Apr 24, 2024 13:56 JST
| NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance Apr 24, 2024 13:25 JST
| Fujitsu SX Survey reveals key success factors for sustainability Apr 23, 2024 10:25 JST
| Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions Apr 22, 2024 16:09 JST
| NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II Apr 22, 2024 15:09 JST
| Soft Space Launches the First and Only JCB Payment Gateway in Malaysia Apr 22, 2024 15:00 JST
| TOYOTA GAZOO Racing takes a one-two in Croatian thriller Apr 22, 2024 10:47 JST
| First-ever Mazda CX-80 Crossover SUV Unveiled in Europe Apr 19, 2024 13:50 JST
| Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces Apr 19, 2024 10:17 JST
| Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas Apr 18, 2024 17:01 JST
| Toyota Launches All-New Land Cruiser "250" Series in Japan Apr 18, 2024 13:39 JST
|
More Latest Release >>
|