CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

IBM Developed New Method for Cold Storage for Crypto

10.12.2023
A A
0
122
VIEWS
ShareShare

IBM announced a system for storing digital assets in complete isolation from the external network, even during the transfer of funds. The solution is based on the technical developments of the company’s confidential computing service and allows for minimizing the risks of external and internal cyberattacks.

IBM Develops Solution to Store Crypto Offline

The International Business Machines Corporation (IBM), one of the world’s largest manufacturers and suppliers of hardware and software, introduced IBM Hyper Protect Offline Signing Orchestrator (OSO), a new storage solution for digital assets.

OSO is a cold storage system for digital assets completely isolated from the external network. The solution was created in collaboration with Metaco, a crypto storage provider and subsidiary of Ripple Labs, and with the participation of several major banking institutions. The end-to-end asset encryption solution developed by IBM solved a number of problems associated with cold storage of assets.

Thus, OSO doesn’t feature transaction initiation and execution functions that would require physical interaction. The solution is configured to send transactions from cold storage and vice versa only at certain times or with the authorization of a multibody management scheme.

IBM analysts say this approach prevents the possibility of the most common types of insider cyberattacks. Even if an attacker somehow gains access to the system physically or remotely, they won’t be able to initiate a transaction instantly.

For additional protection, OSO stores digital assets in a completely isolated environment — in special air-gapped storage containers. These containers can only be accessed at specific times for specific purposes and require no administration. Information exchange between containers and blockchain applications is carried out through IBM’s Confidential Computing Service, which has no direct external network connectivity.

OSO will not only secure funds from hackers but also reduce administrative costs and prevent the possibility of errors in manual processes.

Crypto storage services were scheduled to be launched this year by Nasdaq, an international operator of stock exchanges.

Сообщение IBM Developed New Method for Cold Storage for Crypto появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

JPMorgan Integrates Crypto Into Traditional Banking Services
All news

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
0

JPMorgan partnered with Coinbase in what could potentially become the largest step toward integrating cryptocurrencies into the traditional U.S. financial...

Read moreDetails
Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

31.07.2025
Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

31.07.2025
Load More
Next Post
Coinbase Enables Sending Crypto Via Email, Social Media, and Messengers

Coinbase Enables Sending Crypto Via Email, Social Media, and Messengers

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

New Zealand Mulls Adoption of OECD Crypto Reporting Standards

New Zealand Mulls Adoption of OECD Crypto Reporting Standards

11 months ago

Medical Doctor Confesses to Paying Hitman $25K in Bitcoin to Kill His Girlfriend

2 years ago

Binance.US Resorts to Job Cuts as It Prepares for Long and Costly Litigation With SEC: Report

2 years ago
Bitcoin Price Prediction: Robert Kennedy Jr. Advocates for US to Hold as Much BTC as Gold

Bitcoin Price Prediction: Robert Kennedy Jr. Advocates for US to Hold as Much BTC as Gold

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bolivia and El Salvador Collaborate in Digital Asset Sector

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Will Siton’s DOGE Surpass XRP in the Future? Siton Mining Launches DOGE-Exclusive Contracts, Unlocking Daily Passive Income

Why Is Crypto Up Today? – July 31, 2025

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

Trending

JPMorgan Integrates Crypto Into Traditional Banking Services
All news

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
0

JPMorgan partnered with Coinbase in what could potentially become the largest step toward integrating cryptocurrencies into the...

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bitcoin difficulty predicted to fall 5% as hashrate dips

Bitcoin difficulty predicted to fall 5% as hashrate dips

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz