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Chain Integrates Blockchain Technology with Thales Hardware Security ModulesSAN JOSE, Calif., March 30, 2017 /PRNewswire/ -- Thales, a leader in critical information systems, cybersecurity and data security, announces the integration of its market-leading nShield hardware security module (HSM) with Chain, provider of enterprise-grade blockchain infrastructure that enables organizations – including Nasdaq, Citi and Visa – to build breakthrough financial products and services. Blockchain is driving transformation for businesses across multiple sectors, particularly financial services. The shared ledger model offers the financial industry a new model for transacting between organizations that is more efficient and secure than legacy systems. Cost savings, faster transactions, and improved data quality add to the many benefits of the technology. Underpinning each blockchain is robust cryptography used to protect the data from fraud perpetrated by hackers. Blockchain security depends upon the security of its cryptographic keys. Every transaction executed through a blockchain process requires a new set of one-time keys. Chain uses the Thales nShield HSM to generate and secure these critical keys. With unique customer needs in mind, Chain developed the Chain Key Derivation algorithm using Thales CodeSafe technology. This provides the unique capability to move sensitive applications within the protected perimeter of the FIPS 140-2 level 3 nShield HSM. Additionally, the solution incorporates robust cryptographic techniques, which securely and efficiently generate temporary one-time keys for each transaction. Ryan Smith, Chief Technology Officer at Chain, says: Jon Geater, Chief Technology Officer at Thales e-Security, says: Industry insight and views on the latest key management trends can be found on the Thales e-Security blog at www.thales-esecurity.com/blogs. Follow Thales e-Security on Twitter @Thalesesecurity, and on LinkedIn, Facebook and YouTube. About Thales e-Security About Thales Positioned as a value-added systems integrator, equipment supplier and service provider, Thales is one of Europe's leading players in the security market. The Group's security teams work with government agencies, local authorities and enterprise customers to develop and deploy integrated, resilient solutions to protect citizens, sensitive data and critical infrastructure. Thales offers world-class cryptographic capabilities and is a global leader in cybersecurity solutions for defence, government, critical infrastructure providers, telecom companies, industry and the financial services sector. With a value proposition addressing the entire data security chain, Thales offers a comprehensive range of services and solutions ranging from security consulting, data protection, digital trust management and design, development, integration, certification and security maintenance of cybersecured systems, to cyberthreat management, intrusion detection and security supervision through cybersecurity Operation Centres in France, the United Kingdom, The Netherlands and Hong Kong.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chain-integrates-blockchain-technology-with-thales-hardware-security-modules-300431729.html SOURCE Thales |