Lets Talk Tall Thales & Chain
Thales and tails is what we have on deck for you this afternoon, as the leader in critical info systems, cybersecurity, and data security, announces integration of its market leading nShield hardware security module with Chain, provider of enterprise-grade blockchain infrastructure that allows organizations, which includes Nasdaq, Citi and Visa to build breakthrough financial products and services.
Blockchain is spearheading transformation for business across multiple sectors, particularly financial services. This cooperative ledger model grants the financial industry a new model for transacting between organizations that is more efficient and secure than legacy systems. Some of the benefits of the technology include cost savings, faster transactions, and improved data quality.
Security of a blockchain is dependent upon the security of its cryptographic keys. Every transaction executed via blockchain process requires a new set of one-time keys.
Chain leverages the Thales nShield HSM to generate and secure these critical keys.
“As Chain takes blockchain networks to production, we’ve invested heavily in the secure generation and storage of private key material. The Thales nShield HSM offers a fast and efficient way to derive new keys. In particular, we were very impressed with the HSM’s CodeSafe feature, which allows us to run security-critical code protected within the HSM boundary. It’s a natural fit,” said Ryan Smith, CTO at Chain.
“Blockchain is a game-changer in the financial services industry, with the potential to enhance security, speed and operational efficiency. Our integration with Chain provides a strong root of trust and ensures the integrity of the underlying blockchain operations that enables allows organizations to build, deploy, and operate blockchain-based transaction networks with confidence,” added Jon Geater, CTO at Thales e-Security adds.