Gemalto and Ledger join forces to launch new wallet

Leading IT security company Gemalto and provider of Ledger crypto actives physical portfolios are investing their efforts in a new secure storage tool for financial institutions that use cryptocurrencies. The company will integrate the operating system of Ledger’s hardware portfolios, BOLOS, with the Gemalto cryptographic key storage system, HMS. This in order to create a device focused on the management of crypto-currencies.

It should be noted that Gemalto’s managers previously stated that they are working on an Internet of things initiative – the interconnection of objects that are part of our daily life – based on the chain of blocks and that the search for intellectual property rights in the area of distributed identity still persists. In the case of this new solution, in addition to operating as a wallet, the device will allow financial institutions to trade digital coins and the execution of smart contracts.

Eric Larcheveque, CEO of Ledger, stated in a recent statement:

“As the market value of solutions based on the block chain increases, so does the need for banking security products … financial institutions are looking for dedicated, certified tools.”

Todd Moore, a Gemalto representative, hinted that the partnership between Ledger and the company could be extended to other applications, including intelligent energy and home automation tools-focused on home automation, involving facets such as security systems, communications and electricity-. It should be remembered that Ledger already has two digital portfolios for the criptomonedas market, and that in March the company raised nothing negligible amount of $ 7 million in a new round of financing. No further specific product details are known, but new information is expected to appear soon.

Eduardo Gómez

Eduardo Gómez

Eduardo Gómez is a Venezuelan freelance writer and Information's Technology Professional. He discovered Bitcoin in 2012 and has been drawn to it ever since. He also works as a Customer Support Agent at the San Francisco-based Bitcoin startup Purse.io