Blockchain Startup Symbiont Partners With Security Giant Gemalto
Digital security giant Gemalto has partnered with blockchain startup Symbiont to allow financial institutions to more securely execute smart contracts and blockchain-based transactions. Under the deal, Symbiont will use Gemalto's SafeNet hardware security modules (HSMs) to protect blockchain identities and transactions, with the aim of preventing theft, forgery and other types of criminal activity. The HSMs will provide protection for Symbiont's platform by "securely managing, processing and storing" cryptographic keys, Gemalto said. It added that the devices are used by a number....
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Thanks to their unique technology portfolio, Gemalto has become a well-established brand in the world of digital security. Whenever companies active in the world of digital security and blockchain startups meet, good things are bound to happen sooner or later. A recent partnership between Gemalto and Symbiont will lead to the use of smart contracts and other blockchain-based transactions in capital markets. The main goal of this collaboration is preventing illegal activities, such as forgery and theft. Some people may have heard the name Gemalto before, as this company is publicly traded....
Cryptography, mobile, machine-to-machine, payments – while those in the blockchain community may associate such terminology with use cases for the emerging technology, they are all already components of Gemalto’s business strategy. The digital security giant earned €2.4bn in annual revenue in 2014 on the strength of its two main offerings – embedded software and products, and platforms and services – both of which serve its broader mandate of facilitating trusted exchange in a digital environment. Given this background, it may be no surprise that Gemalto is looking to leverage its success....
Security is of great importance to the world of Bitcoin and blockchain technology, and strategic partnerships will bring more legitimacy to this industry. Gemalto, a company, working on security solutions who recently partnered with Symbiont, has introduced their biometric security platform. The primary goal is to deploy this new feature in consumer-grade electronics shortly, which would impact Bitcoin adoption. Gemalto Focuses on Biometric Security. Consumer electronics need to be protected properly, and username and password combinations are a thing of the past. Particularly where....
As financial institutions look to move beyond proofs-of-concept, the speed at which available blockchain solutions can process transactions is expected to play a deciding factor in adoption. In preparation for that shift, New York startup Symbiont today publicly launched its Assembly blockchain. Previously only hinted at in a demos, the blockchain solution is already being implemented by Symbiont partners including the state of Delaware and Credit Suisse. Coming in at 87,000 transactions per second during a live test on four nodes, the Assembly blockchain (or dedicated distributed ledger,....
Smart contracts platform Symbiont has issued its first "smart security". The announcement was formally unveiled at an event in New York today, during which the security was issued on the bitcoin blockchain. Symbiont aims to provide services in the nascent cryptofinance sector, and traces its roots to both Overstock's Medici project as well as the Counterparty project. Several developers, originally working on Medici, left that initiative earlier this year and later established Symbiont. Mark Smith, CEO and co-founder of Symbiont, said in a statement: "We are proud to be on the leading edge....