IBM has introduced a new solution called IBM Hyper Protect Offline Signing Orchestrator (OSO) to address the vulnerabilities found in traditional cold storage solutions for digital assets. Developed in collaboration with digital asset manager Metaco and tier-1 banks, OSO aims to enhance security by removing the need for manual transactions. It operates like a time-release safe, allowing transactions to be sent from cold storage to the blockchain only at specific times or with multi-body governance authorization. This prevents common forms of insider attacks and ensures that assets are protected even if a bad actor gains access to the system. Additionally, OSO utilizes air-gapped storage, which means it is not connected to the internet or any internet-capable device, further safeguarding assets from remote attacks. The solution also eliminates human error by implementing a policy engine that facilitates communication between applications without connecting to both simultaneously. With these features, OSO provides a secure and efficient way to manage blockchain transactions.

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Information Details
Geography Global
Countries
Sentiment very positive
Relevance Score 1
People None
Companies Metaco, IBM, Nostr Assets, Ripple
Currencies None
Securities None

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