Symbiont's Lisa Yin Brings "Deep Understanding" of Cryptography Techniques to Blockchain
Symbiont, a blockchain company developing a smart contract platform for institutional applications of distributed ledger technology, has hired Dr. Lisa Yin. One of the three cryptographers who first broke the U.S. Government's hash standard, and advised on the latest iteration, Yin moves from research work into practical blockchain development related to....
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Smart contracts startup Symbiont has hired a cryptographer best known for her work in detailing how to break the SHA-1 hashing algorithm as its new chief security officer. Dr. Lisa Yin, who will also serve as chief cryptographer, was one of three academics to publish a 2005 paper outlining an attack on SHA-1. In the eleven years since, further research has been published highlighting attacks on the hashing algorithm, and in recent years tech firms have called for its retirement. Yin also served as chief editor of the IEEE P1363 project, which develops and publishes standards for public-key....
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....
In 2015 Bitcoin Magazine covered the launch of the fintech company Symbiont, focused on fostering a symbiotic relationship between traditional financial markets and cryptographic blockchain technology. The company raised $1.25 million of seed funding from influential financial market leaders, then in January it closed a $7 million funding round. In May, Bitcoin Magazine reported that Symbiont is working with Delaware, the state that incorporates most companies, to explore the use of blockchain technology to make its paperwork cheaper and more efficient. Now, Symbiont has announced that it....
Former Morgan Stanley managing director Caitlin Long has joined blockchain startup Symbiont as president and chairman of the board. The New York-based blockchain firm, which is seeking to advance capital markets blockchain applications in syndicated loans and OTC derivatives, announced the hiring today. With the move, Long brings expertise honed during tenures at both Morgan Stanley and Credit Suisse, including time spent on the former firm's distributed ledger working group. In statements, Long revealed she has also completed an undisclosed investment in Symbiont as part of its....
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....