A Groundbreaking Partnership
In October 2017, technology giant Intel made headlines by teaming up with the virtual currency hardware startup Ledger. This collaboration aims at delivering advanced solutions for securely storing cryptocurrency holdings—a necessity in the ever-evolving world of digital finance.
What’s Cooking in the Secure Enclave?
The duo’s primary focus is the development of a secure ‘enclave’ that will revolutionize how private keys are stored and transactions are signed. Think of it as Fort Knox for your digital assets, where algorithms and encryption do the heavy lifting to keep your Bitcoin where it should be—safe and sound.
Words from The Top Brass
“Following the launch of a line of hardware wallets based on our operating system integrated in a secure chip, working with a leading player like Intel is a unique opportunity to keep providing our growing client base with innovative solutions for cryptocurrency and Blockchain applications,” said Eric Larchevêque, CEO of Ledger.
Following the Trend: A Quick Look Back
Just shortly before this announcement, Ledger partnered with another heavyweight, Gemalto, to enhance secure storage capabilities using their respective technologies. The collaborations seem to be like plants growing in a well-watered garden, all reaching for the sun of cryptocurrency innovation.
Intel’s Broader Strategy: Mining and More
Intel’s focus isn’t merely on storage solutions; they are also looking at the bigger picture with their distributed ledger technology (DLT) strategy. In fact, they’re working with startups like 21 Inc. to integrate Bitcoin mining chips into everyday devices like desktop PCs. Imagine mining Bitcoin while scrolling through your favorite cat memes!
What’s Next on the Horizon?
The partnership has already sparked interest from several cryptocurrency wallet providers, including MyEtherWallet and Electrum, which are set to leverage the new secure storage system. It’s clear that big things are on the way as Intel aims to cement its status as a leading figure in commercial Blockchain applications.
