Ledger, the leading cryptocurrency hardware wallet manufacturing company, recently announced a partnership with the giant technology firm Intel, with an aim to bring greater security to blockchain applications.
Ledger will integrate its BOLOS (Blockchain Open Ledger Operating System) into Intel SGX (Software Guard Extensions), and this solution will initially be deployed within cryptocurrency software wallets Electrum and MyEtherWallet.
“We have seen an increasing demand from the market for secure solutions to manage crypto assets over the past couple of years. Following the launch of a line of hardware wallets based on our operating system integrated in 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,” said Eric Larchevêque, CEO, Ledger.
Intel SGX is a security extension built into Intel processors that secures the applications code and data by storing them in a secure area on the device called Intel SGX enclave. With integration into Ledger’s BOLOS, Intel SGX will now secure private keys and protect the digital assets from software attacks by securing all the sensitive information within the Intel SGX enclave instead of on the application.
“Intel applauds Ledger’s focus on protecting user privacy and security. In deploying Intel SGX, Ledger security for blockchain solutions gain instant scalability across Intel 8th Generation Core™ Platforms,” commented Rick Echevarria, Vice President, Software and Services Group, Intel.
The private keys will be generated automatically and all the cryptocurrency transactions will be signed within Intel SGX enclave. For third party developers, Ledger has a Software Development Kit (SDK) to allow them to utilize Intel SGX enclave for their blockchain use cases.
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Ledger is maintaining its focus on secure storage and it partnered with well-known security firm Gemalto earlier this month. The company also recently raised $7 million in series A round with an intention to build a new factory in China.