Ledger and Gemalto will combine their technologies in a device for working with cryptocurrencies
Major cybersecurity vendor Gemalto and hardware wallet maker Ledger are joining forces to develop a new secure solution for financial institutions dealing with cryptocurrencies. Writes about this CoinDesk.
According to the terms of the agreement, the operating system of the Ledger BOLOS hardware wallets will be integrated with the Gemalto HSM cryptographic key storage system in a single device designed to manage cryptocurrency assets. Previously, Gemalto worked on a project in the field of the Internet of Things, and also filed a patent application for registering an identity system on the blockchain..
The new device will support the functionality of the wallet, as well as a number of applications that will allow financial institutions to trade cryptocurrencies and work with smart contracts..
Ledger CEO Eric Larchevek said: “Along with the rise in the cost of blockchain solutions, the demand for banking-grade security technology from financial institutions that require specialized and certified solutions is growing.”.
Todd Moore, senior vice president of encryption devices for Gemalto, hinted that the Gemalto-Ledger partnership could lead to new applications, including “smart energy, portable electronic devices and home automation applications.”.
Today, Ledger offers cryptocurrency users 2 hardware wallet options. The company received $ 7 million in round A financing in March.
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