Ripple Labs\u2019 wholly-owned subsidiary Metaco<\/span> recently joined hands with IBM to introduce Hyper Protect Offline Signing Orchestrator (OSO), a new technology that will facilitate the deployment of cold storage for digital assets.<\/span><\/p>\n The launch of the advanced technology which was announced<\/a><\/span> by IBM is targeted at addressing the requirements of top-tier banks and financial institutions. Markedly, the tool is a clear deviation from the conventional manual process of executing cold storage transactions. Moreso, it offers protection for high-value transactions by creating extra layers of security.\u00a0<\/span><\/p>\n <\/p>\n Other features of the IBM OSO are disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders. Per IBM\u2019s announcement, \u201cOSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.\u201d<\/span><\/p>\n Apart from all of the aforementioned features, Hyper Protect OSO breaks the communication barrier between applications that have been designed to not interact directly due to certain security concerns. Precisely, it provides a policy engine which acts as a bridge between these different applications, facilitating secure and efficient digital asset transactions.<\/span><\/p>\n <\/p>\n Metaco and IBM worked together with other entities to ensure that the newly launched tool is in alignment with client requirements. Metaco Harmonize provides a highly robust and secured orchestration platform for digital asset applications. At the same time, it intends to leverage this novel solution for its operations.<\/span><\/p>\n <\/p>\n Adrien Treccani, founder and CEO at Metaco\u00a0 stated that it is the company\u2019s responsibility to deliver cutting-edge digital asset security to Metaco clients, especially due to its position as a trusted provider of institutional grade custody infrastructure. Furthermore, Treccani acknowledged IBM\u2019s reliability over the years as a partner.<\/span><\/p>\n The strategic partnership with IBM is one of Metaco\u2019s numerous alliances to push advanced technologies and cryptocurrency. Standard Chartered\u2019s Zodia Custody joined<\/a><\/span> Metaco recently to roll out a new crypto custody solution. The offering gives institutions easy access to crypto storage and settlement, with complete security.<\/span><\/p>\n Swiss private bank BBVA Switzerland also moved to fortify its digital asset offerings by signing a partnership<\/a><\/span> a partnership deal with Metaco last month.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <\/p><\/div>\nThe Metaco and IBM Solution Deviates from the Norm<\/strong><\/h2>\n
More Proactive Partnerships<\/strong><\/h2>\n
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