Securosys, a market leader in cybersecurity and encryption, announced today it has partnered with enterprise blockchain software firm, R3, to provide signing key security for customers.
As part of the partnership, the two companies have delivered packaged integrations between Securosys HSM and Corda Enterprise nodes, covering the major cryptographic keys demanded by some joint enterprise customers to satisfy their stringent compliance requirements.
Corda Enterprise is the commercial version that offers features and services fine-tuned for modern-day businesses, enabling businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs.
With production networks coming to market many users have compliance and regulatory needs and are increasingly using hardware security modules (HSMs) to secure sign keys.
Corda, developed by R3, is an open source platform that enables businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs and streamlining business operations.
“We are pleased to welcome Securosys to the R3 ecosystem of partners. Right from inception we took the decision to design Corda to solve the problem of how to represent real world agreements on a blockchain. R3 is also uniquely positioned to facilitate the emerging token economy in a secure and regulated manner.”
– Todd McDonald, R3 Co-Founder and Chief Product Officer
Securosys has developed tamper-proof hardware to store confidential identity keys that ensure the anonymity of key owners transacting on a Corda business network. Once a transaction has been signed, the key is deleted and there is no possible way to trace the key owner.
Securosys Hardware Security Module (HSM) delivers the speed, security, and confidentiality of legal identities, working in unison with Corda’s strict privacy model. This process ensures the anonymity of the key owner and the speed of transactions while keeping them secure.
“Corda Enterprise has been designed with a strict privacy model to meet the needs of business users.”
– Robert Rogenmoser, Securosys CEO and Founder
Based in Switzerland and founded in 2014, Securosys secures the Swiss financial markets on behalf of the Swiss National Bank and protects transactions worth over 100 billion Euros every day. The company serves more than half of Tier 1 banks worldwide with HSMs developed and built in Switzerland.