Intel and Ledger Join Hands to Focus on Secure Storage of Cryptocurrencies

Tech giant Intel and Paris-based cryptocurrency hardware wallet manufacturer – Ledger – has joined hands with each other to provide new and secured way of storing cryptocurrency. In this new partnership, Ledger will be integrating its unique operating system ‘BOLOS’ with the Intel’s Software Guard Extensions (SGX).

The focus of this partnership is towards creating a secure area “SGX Enclave” wherein the private keys will be tied to digital assets. This essentially means that the data will now be stored in the enclave unlike the existing way of storing it in applications. This will make the data less vulnerable to software attacks and keep it safe and secured.

Eric Larchevêque, CEO of Ledger said:

“We have seen an increasing demand from the market for security 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 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.”

Also Read: Microsoft And Intel partners Up To Bring Blockchain Enterprise Version- COCO

The Intel-SGX solution is said to have been already pre-built within the Intel processors in order to alleviate the counterparts risk and optimise the code security. Intel says that “private keys will be automatically generated and all cryptocurrency transactions will be signed within the Intel SGX secure enclave.”

In a word with Rick Echevarria, the General Manager of Platforms Security Division at Intel, says “By deploying Intel SGX, Ledger’s security for blockchain solutions gains instant scalability across Intel 8th Generation core platforms.”

Ledger believes that its partnership with Intel will give a big push for the next phase of expansion and aims to the make the most from Intel’s partnership with well-known security firm Gemalto. Ledger believes that its ‘BOLOS’ OS can be applied to Gelmato’s security infrastructure that also deals with cryptographic key storage.

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