New York investment company Shuttle Holdings will launch a beta version of the custodial service for digital assets based on a private cloud and IBM encryption technologies by the end of the month, CoinDesk writes.
Companies participating in the project will not store the tokens themselves, but will provide the tools for this to their customers, which can be banks, brokers, other asset custodians, funds, family capital management units and high-income investors.
IBM showed a solution that will be involved in the Shuttle Holdings service at the Think 2019 conference in February.
“What example could be better than a world-changing financial technology?” Look at digital assets: how do you protect data? This issue is of concern to many in the financial industry , ”said Nataraj Nagaratnam, technical director of cloud security at IBM.
IBM's latest initiatives indicate that the company wants to join the formation of infrastructure for storing digital assets after it has developed blockchain with limited access and transactional service using Stellar technology.
The developers of the new service claim that they will not adopt the generally accepted model of “cold” storage. Together, they promise to create a solution that allows customers to quickly access assets and provide a compromise level of protection based on hardware security modules (HSM).
In February, IBM’s vice president for blockchain Jesse Lund announced that in the future he expects Bitcoin to rise to $ 1 million.
Publication date 13.03.2019
Share this material on social networks and leave your opinion in the comments below.
