Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for October 19th, 2018

A Crypto Kinda Friday

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It’s a crypto kinda Friday.

Engadget’s reporting on an interesting blockchain story, one which has ticket broker Ticketmaster fighting bogus ticket sales by acquiring Upgraded.

Upgraded is a company that combine’s the distributed trust of blockchain with encrypted barcodes to minimize the fraud sometimes seen with paper-based or PDF tickets.

The Engadget story claims with the new one solution one would “have a clearer sense of when a concert pass is legitimate, while even holders will have more of a grip on where their tickets are going.” But Ticketmaster told Engadget it didn’t have a definitive time frame for integrating the Upgraded’s solution.

…While U.S.-based cryptocurrency exchange Coinbase made a recently developed automated security scaling tool available to the public. 

In a report from Coindesk, it was said Coinbase released a program called “Salus” which can automatically choose to run and configure different security scanners and issue a report on the results.”

Salus was available as an open-source tool via GitHub starting yesterday, and is said to “offer the advantage of being able to centrally coordinate security scans across a large number of software storage repositories, avoiding having to configure a scanner for each project.”

And finally, if you’re worried about those crypto assets, U.K-based security firm G4S announced a new service for protecting them.

According to a story from Cointelgraph, the company is offering high-security offline vault storage for crypto assets, a new capability which builds on the company’s existing expertise, which is running prisons and detention centers.

What’s fascinating about the offering is the how. G2S explained in a press release that the company not only take crypto assets offline, but it breaks them up into fragments so that they are independently without value, and then stored in the company’s security vaults.

Access to these sites is heavily restricted with multiple layers of security and robust protocols, and only when all the fragments are combined with specific technology can they unlock access to the value stored within.”

“It has been a justified cliche to describe the cryptocurrency space as a Wild West. Working with our clients, our innovative vault storage concept offers the highest protection to keep people and their assets secure and bring order to the frontier.

So how long until we see a cold storage Bitcoin heist flick on the big screen?  Maybe not until Bitcoin gets back over $10K?!

Written by turbotodd

October 19, 2018 at 12:05 pm

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