Chain and Thales Interlock for Blockchain Key Security Solution

French cyber-defense and aerospace firm Thales has launched a new integration with blockchain startup Chain aimed to boost blockchain security.

AccessTimeIconMar 30, 2017 at 12:00 p.m. UTC
Updated Aug 18, 2021 at 5:58 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

French cyber-defense and aerospace firm Thales has launched a new integration with blockchain startup Chain aimed to boost blockchain security.

The partnership will see Chain bridging its enterprise-focused blockchain software capabilities with the nShield hardware security module (HSM) developed by Thales. The move comes shortly after Thales unveiled a blockchain offering in conjunction with professional services firm Accenture.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Thales’ HSM is a hardware solution for securely storing private keys – the all-important strings of data that, for example, protect a user's bitcoin or other blockchain-tied token. As these pieces of information are critical in the context of digital asset management, the hardware offering has been positioned as one that would alleviate security concerns among enterprises and other organisations.

    Jon Geater, CTO for Thales' cybersecurity arm, said in a statement:

    "Blockchain is a game-changer in the financial services industry, with the potential to enhance security, speed and operational efficiency. Our integration with Chain provides a strong root of trust and ensures the integrity of the underlying blockchain operations that enables organizations to build, deploy, and operate blockchain-based transaction networks with confidence."

    Regulators are also likely to cheer the advance of security measures in the blockchain space.

    In February, the European Securities and Markets Authority proclaimed that distributed ledger technology regulations would be premature, given the state of the tech and a lack of market-wide cybersecurity standards.

    Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Chain. 

    Padlocks image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.