The Metaco and IBM Solution Revolutionizes Cold Storage Transactions
Ripple Labs’ subsidiary, Metaco, has partnered with IBM to introduce the Hyper Protect Offline Signing Orchestrator (OSO), a new technology that simplifies and enhances the deployment of cold storage for digital assets. This collaboration aims to address the specific needs of top-tier banks and financial institutions by deviating from traditional manual processes and offering additional layers of security for high-value transactions.
The IBM OSO features disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders. It eliminates the need for manual procedures in cold storage transactions and bridges the gap between different applications to facilitate secure and efficient digital asset transactions.
Achieving Client Requirements through Collaborative Efforts
Metaco and IBM have collaborated with other entities to ensure that the newly launched tool aligns with client requirements. Metaco Harmonize provides a robust and secure orchestration platform for digital asset applications, leveraging this innovative solution for its operations. Adrien Treccani, CEO of Metaco, emphasizes their commitment to delivering cutting-edge digital asset security and acknowledges IBM’s reliability as a trusted partner.
This partnership with IBM is just one example of Metaco’s proactive approach in forming alliances to advance technologies in the cryptocurrency industry. They recently joined forces with Standard Chartered’s Zodia Custody to offer institutions easy access to secure crypto storage and settlement. Additionally, Swiss private bank BBVA Switzerland has strengthened its digital asset offerings through a partnership with Metaco.
Hot Take: Enhancing Cold Storage Security for Digital Assets
Ripple Labs’ subsidiary Metaco has partnered with IBM to introduce an advanced technology called Hyper Protect Offline Signing Orchestrator (OSO). This collaboration aims to revolutionize cold storage transactions by offering enhanced security measures for high-value digital asset transactions. With features like disconnected network operations, time-based security, and electronic transaction approval, the IBM OSO eliminates the need for manual procedures and ensures secure and efficient transactions. Metaco has actively collaborated with IBM and other entities to meet client requirements and deliver cutting-edge digital asset security. This partnership is a testament to Metaco’s commitment to advancing technologies in the cryptocurrency industry.
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