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Offline Signing Orchestrator (OSO)

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What Is Offline Signing Orchestrator (OSO)?

Offline Signing Orchestrator (OSO) is a technology created by IBM and introduced in December 2023. It is intended to bolster the security of digital assets stored in cold storage. Cold storage involves keeping digital assets offline to safeguard them from online threats, with the private keys stored in a manner that prevents them from being connected to the internet.

Key Features and Benefits of OSO

Air-Gapped Security:

OSO creates a robust barrier against cyberattacks by isolating the entire system from the internet, ensuring that digital assets are shielded from online threats, providing a higher level of security compared to traditional methods.

Enhanced Security Measures:

Multi-Party Approvals: This feature mandates multiple authorizations for a transaction to be approved, reducing the risk of unauthorized access.

Time-Based Security: Transactions are restricted to specific times, further minimizing the risk of attacks.

Automated Signing: This eliminates the need for an online connection during the signing process, making it more secure and efficient.

Collaboration with Metaco's Harmonize Platform:

OSO collaborates with Metaco's Harmonize platform, a leading solution for the institutional custody of digital assets. This collaboration streamlines transaction management, provides detailed audit trails, and helps meet regulatory requirements, enhancing the overall efficiency and transparency of the system.

Why OSO?

Storing digital assets securely can be challenging due to the potential for human errors or malicious activities. OSO tackles this problem by minimizing the need for manual procedures, which are prone to mistakes or unauthorized access. By automating and securing the signing process, OSO effectively reduces these risks, ensuring a safer environment for managing digital assets.

Impact on the Crypto Ecosystem

IBM's introduction of OSO represents a major advancement in crypto security, especially for assets in cold storage. This technology improves the safety and reliability of digital asset management, potentially increasing the attractiveness of cryptocurrencies to financial institutions and other regulated entities. By mitigating the risks associated with cyberattacks and human errors, OSO promotes greater trust and transparency in the crypto ecosystem, facilitating broader adoption.

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