Cryptocurrency hardware wallet manufacturing company, Ledger, has announced an official partnership with international tech giant Intel based in California.
The joint initiative aims to tether Ledger’s unique operating system, ‘BOLOS’ and Intel’s ‘Software Extension Guard’ (SGX).
The Paris, France based wallet startup Ledger continues expanding its company goals.
The Intel SGX solution plans to create a secure area named the “SGX enclave” for private keys tied to digital currency assets. Basically, this means the data will be stored within the enclave as opposed to applications, aiming to stop a many of the software attacks common to the space.
“We have seen an increasing demand from the market for security solutions to manage crypto assets over the past couple of years,”
-- explains the CEO at Ledger, Eric Larchevêque.
"... Following the launch of a line of hardware wallets based on our operating system integrated into a secure chip, working with a leading player like Intel is a unique opportunity to keep providing our growing client base with innovative solutions for cryptocurrency and blockchain applications...."
Based on the announcement, Intel-based computer users will be asked if they wish to download the Intel enclave software. Intel states:
“private keys will be automatically generated and all cryptocurrency transactions will be signed within the Intel SGX secure enclave.”
The Intel SGX extension is already pre-built into Intel processors in order to maximize code security and lessen the risk of counterparties.
“By deploying Intel SGX, Ledger’s security for blockchain solutions gains instant scalability across Intel 8th Generation core platforms,”
-- states Intel General Manager of Platforms Security Division at, Rick Echevarria.
Ledger Wallet’s Goals Continues to Expand
Intel also revealed the solution is also being deployed by the cryptocurrency wallet providers Myetherwallet, and Electrum.
Ledger believes working with Intel is the next step for its goals for expansion, as the firm has also just partnered with well-known security firm Gemalto.
Ledger’s BOLOS will be applied to Gemalto’s infrastructure which also deals with cryptographic key storage.
Ledger also recently raised $7M in Series A funding led by MAIF Avenir, the Digital Currency Group, The Whittemore Collection, and more.
According to Ledger, they intend to build a new factory in China with the newly acquired funds.
Source
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