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Crypto custody provider Vo1t is partnering with tech giant IBM to offers its clients secure data servers for storing and encrypting their private keys, CoinDesk reported.
With this new offering from IBM Hyper Protect Virtual Servers, the clients’ keys are guaranteed to be safe even when Vo1t’s data centers are compromised.
Founded in 2015, Vo1t is a global custodian of blockchain assets and combines cutting-edge system design with cybersecurity best practices to provide secure cold-storage vault. It has been offering cold storage to various financial institutions worldwide including those listed on the Financial Times Stock Exchange and Trust companies.
The company said that there was a growing demand from these firms for Vo1t cold storage technology to be deployed either in a segregated system within our nuclear bunker, or on-premise at their own data centre. It said that its work with IBM will now allow these institutions to remote access Vo1t Cold Storage Custody for crypto transaction authorisation.
CoinDesk said IBM’s enclave will help keep the client’s key exchange data encrypted all the time whether it’s in memory or still in transit.
“Having this means our clients get to sign with their key in a separate transaction with IBM,” said Sebastian Higgs, general manager at Vo1t.
“We’ve been looking at the digital custody space and how we could make our servers and our cloud platform be a killer value proposition for this specific market,” said Rohit Badlaney, director of IBM Z as-a-Service.
Meanwhile, IBM has just announced that the French agro-industrial group, Avril Group, has just joined IBM Food Trust, a blockchain-enabled initiative targeted at the food industry. IBM Food Trust platform uses permissioning to allow companies to set rules on who can access the data they upload and for how long. The companies maintain control of the data even if has been uploaded to the Food Trust platform.
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