The company that makes the hardware wallet for storing Bitcoin and others, Ledger, has introduced a new cooperation with the giant international technology corporation Intel. The joint initiative plans to tether Ledger's operating system, 'BOLOS' and Intel's 'Software Extension Guard' (SGX).
The hardware wallet company Ledger is moving forward to enlarge its company goals and objectives, as the company just announced its partnership with giant tech company Intel. The Intel SGX solution wants to build a secure area named the 'SGX enclave' for private keys linked to cryptocurrency assets. Basically this indicates the data will be saved within the enclave as in opposition to applications, and the purpose is designed to subdue the program attacks.
As reported by the statement, the users of computers built on Intel will be invited if they wish to install the Intel enclave application. Intel details that "private keys will be automatically generated and all cryptocurrency transactions will be authorized within the Intel SGX enclave." The Intel SGX extension is pre-built into Intel processors, in order to really enhance code security and reduce counter-party threat.
The Paris-based firm, Ledger has also just partnered with the famous security company Gemalto. Ledger's BOLOS will soon be utilized the Gemalto's infrastructure which also works with the key storage.
In addition, Ledger just recently raised $7M in funding led by MAIF Avenir, the Digital Currency Group, The Whittemore Collection, and more. In accordance with the hardware wallet maker, the firm will make use of the funds to establish a new manufacturing plant in China.
This is a great news for Ledger wallets. This will make hardware wallet more secure and the price will be more affordable.