Accenture Launches Blockchain Security Hardware

As blockchain technology continues to gain steam, more companies will begin to search for ways to streamline it for practical security purposes. The latest venture into this area is through professional services giant Accenture.

This week, Accenture launched its new blockchain security hardware solution. In partnership with Thales and its hardware security modules (HSMs), Accenture has developed a patent-pending solution to help blockchain technology seamlessly integrate with industrial-grade security systems. This new solution will help support industries including financial services, health care and government.

This new solution was developed to build up emerging blockchain platforms with an interface that utilizes Thales’ hardware security technology. This technology has complex security mechanisms for digital keys, which are kept isolated from IT networks. Through a single install, Accenture’s new solution allows companies to avoid multiple interface code developments.

Accenture’s managing director and financial services blockchain lead, David Treat, said: “The opportunity to benefit from blockchain technology within sectors like financial services and health care depends on an ability to protect digital keys using conventional standards of security. While there have been bespoke blockchain integrations with HSMs before, this solution offers a simpler and more flexible standard to connect blockchain platforms with the leading HSMs. We are committed to delivering these types of real-world innovations that will serve as the stepping stones to make blockchain technology a reality for large-scale enterprises.”

With this new solution, blockchain technologies being used in financial services, health care and government will have the capability for more secure transactions.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Click to comment