Symbiont announces partnership with security giant Gemalto

Announcements | February 1, 2016 By:

Symbiont has partnered with digital security company Gemalto to allow financial institutions to more securely execute smart contracts and blockchain-based transactions.

Symbiont will use Gemalto’s dedicated cryptographic processor on their SafeNet HSMs, which are specifically designed to “protect the cryptographic keys and provide encryption, decryption, authentication and digital signing services for the smart contract transactions.

“Bringing Gemalto’s market-leading HSM security modules assurance to Symbiont’s Smart Contract Blockchain solution is not only an exciting offering, but a clear step towards securing blockchain-based transactions,” said Gemalto vice president of business development strategy Mark Yakabuski.

Symbiont is a New York-based FinTech startup.