Chain and Thales Interlock for Blockchain Key Security Solution
French cyber-defense and aerospace firm Thales has launched a new integration with blockchain startup Chain aimed to boost blockchain security.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/W2UZRLJ5OBDRBPMQWBTOXF5WB4.jpg)
French cyber-defense and aerospace firm Thales has launched a new integration with blockchain startup Chain aimed to boost blockchain security.
The partnership will see Chain bridging its enterprise-focused blockchain software capabilities with the nShield hardware security module (HSM) developed by Thales. The move comes shortly after Thales unveiled a blockchain offering in conjunction with professional services firm Accenture.
Thales’ HSM is a hardware solution for securely storing private keys – the all-important strings of data that, for example, protect a user's bitcoin or other blockchain-tied token. As these pieces of information are critical in the context of digital asset management, the hardware offering has been positioned as one that would alleviate security concerns among enterprises and other organisations.
Jon Geater, CTO for Thales' cybersecurity arm, said in a statement:
Regulators are also likely to cheer the advance of security measures in the blockchain space.
In February, the European Securities and Markets Authority proclaimed that distributed ledger technology regulations would be premature, given the state of the tech and a lack of market-wide cybersecurity standards.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Chain.
Padlocks image via Shutterstock
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.