Yesterday (the 5th), technology giant IBM announced the launch of a new technology called the IBM Hyper Protect Offline Signing Orchestrator (OSO). This is a solution for digital asset storage, also known as offline storage, focusing on enhancing transaction security and reducing operational risks.
Key features of OSO include completely disconnected operations to avoid network attacks, time-based security measures, and multi-party electronic transaction approvals.
The Method to resolve Limitations
OSO addresses the above limitations through various means, enhancing both security and convenience, especially in high-value transactions. For details on the key aspects of achieving this goal, please refer to their website.
Through its mechanism, OSO can effectively solve issues such as human operational errors, high operational costs, and difficulties in scalability. This transformation shifts the entire digital asset transaction signing process from manual operations to a fully automated and strategy-driven process while retaining human control functionalities. This represents the key aspects of achieving this goal.
Excellent Partners
IBM introduced new technology this time in collaboration with digital asset custodian provider Metaco (an IBM partner and a subsidiary of Ripple) and Tier-1 banks to ensure OSO meets customer needs.
Metaco founder and CEO Adrien Treccani stated,
"IBM’s confidential computing division has been a reliable partner throughout the years, and we are pleased to complement Metaco’s catalog of institutional cold storage solutions with the unique air-gapped cold storage that OSO enables, especially as cold storage requirements are increasingly being stipulated by regulators in markets such as Singapore, Hong Kong, and Japan."
The passage mentions that Metaco Harmonize provides a highly stable and secure digital asset application system. When combined with OSO, it enables a smoother, seamless transaction process while ensuring that digital assets in cold storage are not affected by external interference, guaranteeing their absolute security.