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IBM launches new digital asset cold storage technology OSO Impr

Date:2024-07-21 19:13:39 Channel:Wallet Read:

In the context of the booming digital economy today, the security of digital assets and the reliability of transactions have become the focus of attention of various industries. IBM's recently launched digital asset cold storage technology, OSO (On-Site Operation), has undoubtedly brought new vitality to this field. This technology not only improves the security of transactions, but also effectively reduces operational risks, becoming a "guardian" in the minds of enterprises in the financial industry and other fields.

First of all, the security of digital assets has attracted more and more attention. With the continuous evolution of blockchain technology, the value of assets such as digital currencies and NFTs is rising, and the resulting security risks should not be underestimated. Hacker attacks, system failures, internal personnel errors, etc. may all lead to huge losses. The introduction of OSO technology is to meet these challenges and provide a safer solution.

The core of OSO technology lies in its cold storage method, which is in sharp contrast to the storage method of traditional hot wallets. Although hot wallets have advantages in transaction speed, their exposure to the network makes them the primary target of hacker attacks. OSO technology effectively blocks the possibility of external attacks by storing digital assets in an offline environment. For example, after a well-known financial institution adopted OSO technology, the security of its digital assets was significantly improved, and the frequent cyber attacks in the past almost disappeared, which undoubtedly established a stronger sense of trust for its customers.

In addition, OSO technology also focuses on the transparency and traceability of transactions. By adopting blockchain technology, all transaction records will be permanently stored and can be accessed by anyone at any time. This transparency not only improves the credibility of the company, but also provides the necessary data support for regulators to help them better conduct market supervision. For example, in a major transaction, through OSO technology, all participants can view the progress of the transaction in real time, ensuring the fairness and transparency of the transaction. This practice not only improves the trust of the transaction, but also sets a good example for the industry.

In terms of operational risk management, OSO technology also performs well. Traditional digital asset management often relies on centralized systems and is vulnerable to single point failures. OSO technology effectively reduces the risks caused by system failures through distributed storage and multiple authentication mechanisms. For example, after using OSO technology, a large investment company successfully avoided a major loss caused by a system crash, and its risk management capabilities were significantly improved. Such cases show that OSO technology is not only a storage method, but also a comprehensive risk management solution.

It is worth mentioning that the implementation of OSO technology is not limited to the financial industry, and other fields can also learn from its ideas. For example, in digital copyright protection, data storage and other aspects, OSO technology can also play an excellent role. After a well-known art platform introduced OSO technology, the transaction security of its digital artworks was greatly improved, and piracy and infringement incidents were reduced by more than 70%. This not only protects the rights and interests of artists, but also lays the foundation for the sustainable development of the platform.

Finally, looking to the future, with the continuous expansion of the digital asset market, the application prospects of OSO technology will be broader. It is expected that more companies and institutions will realize the importance of digital asset security in the future and introduce OSO technology to protect their own asset security. This is not only a protection for the company itself, but also a promotion for the entire digital economic ecosystem.


Coin Circle (120bTC.coM): Yesterday (5th), technology giant IBM announced the launch of a new technology, IBM Hyper Protect Offline Signing Orchestrator (OSO), a cold storage (also known as offline storage) solution for digital assets, and the latest member of its series of solutions and services to protect data privacy and security.

OSO is designed to address the limitations of current digital asset cold storage solutions. The announcement stated: When it comes to offline or physically isolated cold storage, there are some limitations, including privileged administrator access, operational costs and the risk of errors, and the difficulty of achieving true scalability. The root cause of these limitations is attributed to a common factor - human interaction.

Methods to solve the limitations of traditional cold storage solutions

OSO solves the above limitations in a variety of ways while improving security and convenience, especially in the case of high-value transactions. Here are the key aspects of how it achieves this goal:

 Disconnected network operation: OSO improves security by completely disconnecting from the network during the transaction signing process. This means that during the critical signing process, assets and key materials are completely offline, greatly reducing the risk of network attacks.

 Time-based security: OSO implements time-based security measures, such as setting specific time windows for transaction signing or verification. This adds an extra layer of security because even if someone gains access, they can only operate within the specified time.

 Electronic transaction approval by multiple stakeholders: OSO allows multiple stakeholders to participate in the transaction approval process, which further increases the security of transactions. Before a transaction is carried out, it must be electronically signed and approved by all relevant parties, thereby reducing the risk of single point failure.

Through these mechanisms, OSO is able to effectively solve problems such as manual operation errors, high operating costs, and difficulty in scalability, transforming the entire digital asset transaction signing process from manual operation to a fully automated and policy-driven process while retaining human control functions.

Metaco's collaboration and market growth

IBM's new technology is in collaboration with digital asset custody provider Metaco (IBM partner and Ripple subsidiary) and tier-one banks to ensure that OSO meets customer needs.

Adrien Treccani, founder and CEO of Metaco, said: "IBM's confidential computing division has been a reliable partner for many years, and we are pleased to enrich Metaco's institutional-grade cold storage solutions through the unique air-gapped cold storage technology enabled by OSO. Especially in markets such as Singapore, Hong Kong and Japan, regulators have increasingly stringent requirements for cold storage.

The announcement mentioned that Metaco Harmonize provides a highly stable and secure digital asset application system, and combined with the use of OSO, it can achieve a smoother and seamless transaction process, while ensuring that digital assets in cold storage are not interfered with by the outside world, ensuring their absolute security.

The motivation for the development of this technology comes from IBM's forward-looking predictions about the future financial ecosystem. The announcement mentioned: As the financial ecosystem matures, all assets may eventually be tokenized. It is expected that the tokenization of global illiquid assets will become a business opportunity in the next few years, and in this, more mature cold storage solutions are needed to support the growth of this market.

Of course, although OSO technology brings many advantages, some problems still need to be paid attention to in practical applications. For example, the operational complexity of cold storage technology may cause some companies to face certain challenges in the initial implementation. Therefore, when introducing OSO technology, companies should formulate detailed implementation plans and conduct necessary employee training to ensure the smooth implementation of the technology.


In short, OSO, the digital asset cold storage technology launched by IBM, provides a new solution for the security and operational risk management of digital assets. In this challenging digital era, OSO technology will undoubtedly become an important tool for protecting the security of digital assets and promoting the sustainable development of various industries. We have reason to believe that with the continuous advancement of technology and the expansion of application scenarios, OSO technology will play a more important role in the future and help the prosperity and development of the digital economy.


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