IBM Launches Cold Storage Solution for Digital Assets
IBM has introduced a new cold storage solution for digital assets called IBM Hyper Protect Offline Signing Orchestrator (OSO). Developed in partnership with digital asset manager Metaco and tier-1 banks, OSO aims to address the limitations and vulnerabilities of typical cold storage solutions.
“When it comes to offline or physically air-gapped cold storage, there are limitations, including privileged administrator access, operational costs and errors and the inability to truly scale. All these limitations are due to one underlying factor—human interaction.”
Enhancing Security with OSO
IBM’s OSO eliminates the need for manual functions in initiating and conducting transactions. Similar to a time-release safe, OSO can be configured to send transactions from cold storage to the blockchain only at specific times or through a multibody governance scheme. This prevents common insider attacks by restricting transaction initiation and requiring approval before execution.
In addition, OSO ensures the resilience of assets by storing them in air-gapped containers, disconnected from the internet or any device capable of connecting to it. This prevents remote attacks on assets while they are at rest.
Securing Transactions with OSO
Unlike traditional cold storage solutions that require physical devices to sign transactions, OSO uses a policy engine to facilitate communication between applications without connecting directly to both. It operates through a partitioned server via IBM’s Confidential Computing service, eliminating human error and preventing remote access during transactions.
Hot Take: IBM Introduces IBM Hyper Protect Offline Signing Orchestrator for Enhanced Cold Storage Security
IBM has launched IBM Hyper Protect Offline Signing Orchestrator (OSO), a new cold storage solution for digital assets. OSO aims to address the limitations and vulnerabilities of traditional cold storage solutions by removing manual functions in transactions and implementing a time-release mechanism. It also ensures asset security through air-gapped storage containers and eliminates human error and remote access during transactions. With OSO, IBM aims to enhance the security and scalability of cold storage for digital assets.
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