A Deep-Dive Into Some of the ZERO Wallet’s Advanced Security Features

A Deep-Dive Into Some of the ZERO Wallet’s Advanced Security Features

Cointelegraph gets techy with CEO Ruben Merre, on some of the NGRAVE wallet’s security advances.

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From its initial announcement back in April to the $430,000 raised in the recently completed crowd-sale, the NGRAVE ZERO has created huge buzz in the crypto community. Billed as the most secure hardware wallet available, the permanently air-gapped ZERO is the first to gain a top security rating of EAL7.

But the devil is in the details so they say, so while waiting for the first units of the device to ship, Cointelegraph asked NGRAVE CEO Ruben Merre to explain just how one goes about making the “most secure hardware wallet in the world.”

Necessity is the mother of invention

The ZERO came about following the NGRAVE founders’ poor experiences with crypto security. Not finding any existing solutions that they would completely trust with their cryptocurrency, they set about building their own.

In April 2018 the team began to develop a working prototype using a Raspberry Pi. It was the start of a journey which would see them collaborate with many world class teams and individuals, including the recent acquisition of Jean-Jacques Quisquater as an advisor.

Quisquater is considered the father of zero knowledge proof cryptography, and is famously cited in the Bitcoin whitepaper. So what does he bring to the development of a secure hardware wallet?

“Jean-Jacques is closely involved in revealing and resolving potential security threats, even those that are on practically no one else’s radar. Because he was involved in the development of the many security projects including those by secret government instances, he knows backdoors as no other. He’s also one of the minds in our team that helps us think future-proof.”

No man is an island… but the NGRAVE ZERO is

Much has been made of the fact that the ZERO remains fully air-gapped, eschewing USB and Bluetooth connectivity to communicate solely via QR codes which contain no data about the users private keys.

Also, private keys generated by the wallet’s Perfect Key system are not derived purely from a “master-seed” shipped with the device. For extra security they incorporate elements of biometric data such as fingerprints and the introduction of environmental randomness from factors such as light levels.

This might leave you wondering how you will import your existing cryptocurrency private keys onto the device, and whether they will be as secure as freshly generated ones.

“We support all the available ‘status quo’ ways of generating seeds, so you can both import a mnemonic phrase made with another hardware wallet, regardless of the length, or you can also simply create a new one on ZERO. While we recommend using the NGRAVE Perfect Key because of its advanced security features, the user can basically choose what he or she feels most comfortable with.”

Can’t touch this

Finally, in case anybody gets their grubby little mitts on your physical device, the ZERO has four different cumulative levels of tamper-proofing.

The first is tamper resistance, including shielding of radio frequencies, and the physical difficulty of gaining access to the device’s innards.

Then comes tamper evidence, which means that if anyone does manage to break open the device, the screen will break and it will be apparent to the user. It also incorporates cryptographic attestation, whereby NGRAVE will verify a device on first use.

“The third level is called „tamper responsiveness“. This means there are mechanisms in place inside the device that will notice that it is under attack. And ZERO will then automatically wipe the keys. This goes as deep as on the level of individual components that have their own anti-tamper mechanisms.”

Finally, there is tamper resolution, which takes place when the user is manipulating the private key in the aforementioned generation process. This results in the resolution of any potential tampering or pre-defined keys in the device.

Cointelegraph will get hands on with the device as soon as it starts shipping to bring you a full review.


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Cointelegraph gets techy with CEO Ruben Merre, on some of the NGRAVE wallet’s security advances.

Blockchain-Based IBM Sterling Adds Advanced Supply Chain Tracking Features

Blockchain-Based IBM Sterling Adds Advanced Supply Chain Tracking Features

IBM Sterling receives a host of additional integrations, including one with Salesforce

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The IBM Sterling supply chain platform will now feature additional integrations developed by Salesforce, Publicis Sapient, IBM Services and others, a Jan. 13 press release reads. The additions will allow the blockchain and AI-based suite to quickly solve returns and cross-channel logistics challenges.

IBM Services and Bluewolf are jointly developing a connector service to join IBM Sterling with Salesforce Commerce, Service and Marketing Clouds. The integration would help retailers to blend the offline and online shopping experience. 

The platform’s aim is to reduce shopping frictions through a better organization for retailers, primarily by optimizing front and back-office connectivity and product returns.

On the other hand, Publicis Sapient specifically focuses on returns optimization. It plans to extend IBM Sterling AI capabilities with a control tower blueprint. This would simplify the process of organizing returns and the need to bring products to the correct location.

Other providers such as project44 automate inefficiencies in the carrier networks. Its Advanced Visibility Platform improves the accuracy of shipment ETAs, identifies important bottlenecks in the supply chain and helps respond to events quicker.

IBM’s supply chain business

The IBM Sterling platform is the latest in a series of the company’s developments in the supply chain industry. Launched in October 2019, Sterling focuses on integrating data between the various participants of the supply chain.

Other supply chain solutions developed by IBM include TradeLens, a shipping tracking solution jointly developed with Maersk. In addition, it has a strong presence in the food industry thanks to partnerships with major coffee distributors and retail giants such as Carrefour.


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IBM Sterling receives a host of additional integrations, including one with Salesforce

New Platform Says It Enables Regular and Advanced Users to Create Their Own Crypto Fund

New Platform Says It Enables Regular and Advanced Users to Create Their Own Crypto Fund

A company says its vision is to enable everyone to create their own crypto fund with just a few clicks and make their trading „fast, secure and simple“ #SPONSORED

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Crypto funds act as a “basket” of different digital assets and can offer a variety of benefits over purchasing individual coins, such as ease of management and the relative safety that comes with diversification. Fortunately, creating and maintaining your own fund just became a lot easier, the platform notes. 

The team behind the Iconomi platform says it wants to offer a way for all users — regular and advanced — to easily get involved in cryptocurrency funds, without the complications that often come with traditional offerings like exchange-traded funds (ETFs), which can find customers navigating obscure terms and putting up with minimum buy-ins. 

The solution the company found has been to enable customers to create and manage their own personal index, with exposure to 70+ coins, the ability to use algorithms “to maximize returns,” and the option to rebalance the fund in “a few clicks.”

The reason that some users look to actively or passively managed funds, as opposed to just individual coins, is that diversity comes with a variety of benefits. For one, clients don’t have to pick and choose which projects they support one at a time, but instead can create a portfolio that intelligently channels their money into predefined currencies. Another boon is that diversity offers some protection against the volatility of the market, which is a well-known risk in crypto.

Iconomi has come in to offer users control over their own fund, whereas usually one would have to seek out such a product from an institution, often putting up with limitations such as lack of control over how the money is managed. With Iconomi’s system, anyone can retain all the power and set up not only their own basket of projects to support but also define their own strategies for rebalancing their index.

CHECK OUT ICONOMI’S PLATFORM HERE

Following experts

Some individuals may not want complete control over their own fund, and in that case, Iconomi has plenty of hands-off options. By offering an array of baskets that are actively managed by Iconomi experts, users can have the confidence of following someone who already has their own strategy and can rebalance the fund without any work on the part of the user.

In a recent interview with CriptoNoticias, Iconomi’s co-founder and CEO, Tim M. Zagar, discussed the benefits of working with the company’s experts and how they can aid beginners who aren’t sure what exposure they want. According to Zagar, “Iconomy experts choose the cryptocurrencies and manage the funds depending on market conditions, while investors can sit back and track their investments anytime and anywhere.”

If a user wants to manage everything themselves instead, Iconomi will enable him or her to set up a new fund, to choose which coins he or she wants to include, and to perform his or her first buy-in — all in a matter of minutes. If a customer is feeling particularly confident in their strategy, they are able to invite others to partake in their index, and even define their own management fee of up to 10%. 

A platform with regulatory backing

Something that may put many users’ minds at ease is knowing that Iconomi, based in the United Kingdom, recently had its governance prospectus approved by the Financial Market Authority (FMA) of Liechtenstein, meaning that the company now has a well-defined legal framework for operation. This has led to the creation of a parent company for all the offered services, Iconomi AG, as well as the issuance of a security offering, titled Profit Participation Securities.

Iconomi says it has been working hard to ensure that it is operating within clear and transparent guidelines so that its clients can trust the integrity and future of the platform. Furthermore, the team has made sure that any user can not only review its prospectus themselves online but also access the history of the company’s financial reports. 

For accessibility reasons, the current platform only offers deposits in the form of Bitcoin (BTC), Ether (ETH) and euros. This comes down to the fact that BTC and ETH are the cryptocurrencies with the highest liquidity and Europe is currently where the majority of the user base comes from. However, Zagar has maintained that, “In the future, we are looking to add other currencies as well.”

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.


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A company says its vision is to enable everyone to create their own crypto fund with just a few clicks and make their trading „fast, secure and simple“ #SPONSORED

Report From Former CFTC Chairman Calls for Advanced Crypto Regulations

Report From Former CFTC Chairman Calls for Advanced Crypto Regulations

In a recent report, former CFTC chairman Timothy Massad called for more thorough regulations on cryptocurrencies

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A recent report published for the Brookings Institution is calling for enhanced regulations on cryptocurrencies. The report was authored by Harvard University fellow Timothy Massad, who served as chairman of the United States Commodity Futures Trading Commission (CFTC) during the administration of Pres. Barack Obama.

The report dubbed “It’s time to strengthen the regulation of crypto-assets” addresses the purported need for better regulation on digital currencies, the illicit use of cryptocurrencies, as well as measures for reducing the risk of cyber attacks. The report also provides direct recommendations of how to improve existing cryptocurrency regulations.

Per the report, there is a gap in the regulation of crypto assets that contributes to fraud and weak investor protection, which is partly represented by the fact that traditional standards required for securities and derivatives market intermediaries are not applied to cryptocurrency trading platforms.

Massad writes that cryptocurrency exchanges are not properly regulated, making them vulnerable to fraud and manipulation, as well as conflicts of interest, which raises the need for regulations to minimize operational risk and implement system safeguards.

The report points out that insufficient regulatory supervision creates broader risks in respect to cyber security and illicit payments, which results in more hacking attacks.

The former CFTC Chairman suggests that the U.S. Congress has to address the aforementioned issues by developing regulatory oversight of the cash market for crypto assets, trading platforms and other intermediaries that operate in the market.

Both the U.S. Securities and Exchange Commission (SEC) and the CFTC are purportedly competent enough to regulate the industry, so there is no need to establish a separate agency. The report states that Congress should authorize the SEC to regulate cryptocurrency circulation and regulation of trading platforms, custodians, brokers and advisors.

The legislation should also set forth core principles, rather than specifics for regulations, the same way Congress has done for futures and crowdfunding, Massad states. He added that the industry should continue to develop its own self-regulatory standards.

In January, Jeremy Allaire, the CEO and co-founder of crypto finance company Circle, said the biggest regulatory hurdle facing crypto today is the lack of clarity from the SEC. Allaire wrote in a Reddit AMA session:

“The biggest and most immediate regulatory hurdle we face is the lack of specific guidance from the SEC on how to classify various crypto assets. We believe many are clearly currencies and commodities, and there needs to be more specificity on what are really securities. This can unlock a lot of market activity, and also clearly enable the growth of a market for crypto-based securities.”


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In a recent report, former CFTC chairman Timothy Massad called for more thorough regulations on cryptocurrencies

Indian Institute Rolls Out Advanced Program on FinTech and Blockchain

Indian Institute Rolls Out Advanced Program on FinTech and Blockchain

The Indian Institute of Management Calcutta and TalentSpirit are jointly launching a new program on fintech and blockchain for financial professionals

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The Indian Institute of Management (IIM) Calcutta and training platform TalentSpirit are jointly offering an advanced programme in fintech and blockchain technology, local news outlet The Asian reported on Feb. 26.

The new program scheduled for this May is reportedly targeted at management and finance professionals aiming to educate participants on financial technologies growth and its potential impact on the banking and financial ecosystem.

The program director, professor Indranil Bose, stated that “a vast majority of firms in the banking and financial sector believe that the lack of adequate fintech talent is an existential threat to their future.” Bose added that the program aims to “equip and enable 2000 FinTech professionals in the next few years.”

The program will reportedly be offered both onsite at the IIM Calcutta and via live online sessions through the TalentSprint digital platform. TalentSprint is also going to deploy its platform to supervise the process and offer capstone projects for program participants.

IIM Calcutta is one of 20 Indian Institutes of Management located across the country. Established at the initiative of the first prime minister of India, Jawaharlal Nehru, the IIMs are run by the IIM Council, which is headed by India’s Minister of Human Resource Development.

As a recent study conducted by software development firm Globant showed, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The report says that 64 percent of organizations are intent on investing in blockchain solutions to improve their internal operations, while only 46 percent of respondents feel ready to deploy the technology.

Earlier this month, Fudan University, China, established the Shanghai Blockchain Engineering Technology Research Center in collaboration with two other establishments in a bid carry out basic research on blockchain technology, demonstrate its application, as well as provide associated talent training.


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The Indian Institute of Management Calcutta and TalentSpirit are jointly launching a new program on fintech and blockchain for financial professionals