Gemalto and Ledger Join Forces to Provide Security Infrastructure for Cryptocurrency Based Activities
(Thomson Reuters ONE) -
Robust encryption and transaction security
for Financial Institutions
Amsterdam - October 4(th), 2017 - 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.
Eric Larchevêque, 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
* What is the value of all the Gold in the world?, OnlyGold
* How much gold has been mined?, World Gold Council, September 27th, 2017
* Bloomberg's World Exchange Market Capitalization index, September 26th 2017
For more information
* Gemalto Network Hardware Security Modules
* Gemalto Encrypt Everything Whitepaper
* Gemalto Three Steps to Securing Data in any Cloud Environment Whitepaper
* Securing Blockchain with Ledger and SafeNet HSMs Solution Brief
* Ledger Introducing BOLOS: Blockchain Open Ledger Operating System Article
Gemalto media contacts
Philippe Benitez Kristel Teyras Shintaro Suzuki
Americas Europe Middle East & Asia Pacific
+1 512 257 3869 Africa +65 6317 8266
philippe.benitez(at)gemalto.com +33 1 55 01 57 89 shintaro.suzuki(at)gemalto.com
kristel.teyras(at)gemalto.com
Ledger media contact
Barbara Mahe
+41 78 683 89 38
press(at)ledger.fr
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2016 annual revenues of ?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 (at)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 (at)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
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 04.10.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 562321
Anzahl Zeichen: 8027
contact information:
Town:
Meudon
Kategorie:
Business News
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