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Bitcoin Predictions: As the World’s First Cryptocurrency Turns 10, What Does the Next Decade Hold?

On 31 October, 2008, in the midst of one of the worst financial crises the world had ever seen, a person – or group – by the name of Satoshi Nakamoto published a paper that claimed to offer an alternative to the traditional banking system.

The paper, titled ‘Bitcoin: A Peer-toPeer Electronic Cash System’, was posted to an obscure mailing list viewed by a handful of so-called ‘cypherpunks’ who believed cryptography and computer science could provide a meaningful route to social, economic and political change.

American Express and Rambus Join Forces on Secure Global E-commerce Tokenization

Better user experience and improved security for transactions with online merchants

SUNNYVALE, Calif. and SYDNEY, Australia – October 24, 2018 – Rambus Inc. (NASDAQ: RMBS) and American Express Australia today announced a new collaboration to help merchants enrich and secure e-commerce and m-commerce transactions with tokenization. Rambus Token Gateway will enable global online merchants, payment service providers and acquirers to quickly and securely connect to the American Express Token Service and tokenize card-on-file e-commerce transactions. With this collaboration in place, Rambus is the first solution provider to offer an off-the-shelf retail token gateway solution with American Express embedded.

Tokenization mitigates fraud by replacing sensitive payment account information with a non-sensitive equivalent, known as a token, that cannot be used outside the scope of the original transaction. Designed to reduce complexity, the Rambus Token Gateway provides a single, easy-to-use interface which enables merchants to connect to tokenization services from various payment schemes in the payment industry.

Robert Tedesco, vice president, Global Consumer Services A/NZ at American Express said: “This new partnership with Rambus will mean merchants can offer our card members even more secure payment methods at the time of checkout. We’ll also to be able to offer merchants access to our digital payment capabilities such as Pay with Points and Smart Offers, to further build customer loyalty with their customers that use American Express cards. We look forward to expanding this relationship in the future to further improve the buying experience.”

Advantages for card issuers, acquirers, merchants and consumers

Because the American Express tokenization services have been integrated at the platform level in the Rambus Token Gateway, merchants will have access to all the current American Express capabilities along with new features as they are added, all without significant ad-hoc or custom work required.

  • Customer convenience and confidence – Consumers no longer need to update card details following a card reissue, reducing frustration. Knowing that their card details are not shared with merchants will also increase trust and the number of consumers willing to shop online safely and securely.
  • Quick time to market – Merchants reduce the need for end-to-end development activities and can launch a token-on-file initiative more quickly.
  • Reduced fraud – Real card account numbers are replaced with tokens that are more secure and may help lower the risk of fraud.
  • PCI compliancy – As merchants don’t have to store vulnerable data, their payment card industry (PCI) compliancy requirements are limited.
  • Flexibility – Merchants can engage with payment service providers or acquirers of their choice while still benefiting from e-commerce tokenization.
  • Cost savings – Token Gateway assures that merchants are constantly aligned with the latest card scheme tokenization specifications, eliminating the need for manual integration work.
  • Single interface – Token Gateway provides a single interface to connect with all contracted token service providers, supporting a variety of messaging interfaces.

Jerome Nadel, SVP/GM of Payments and Ticketing and CMO, Rambus commented: “Fraud continues to rise for e-commerce transactions and we need to give consumers more secure payment methods without compromising usability. By facilitating the use of tokens online, merchants and card issuers can increase trust in transactions throughout the ecosystem to drive higher authorization rates and improved customer conversions, resulting in greater revenues.”

Merchants across the globe are able to benefit from this joint collaboration immediately. 

For more information on Rambus’ tokenization solutions, visit rambus.com/security/payments/.

Rambus Unveils Vaultify Trade for Secure Transaction and Storage of Crypto Assets on Blockchain

Deploys proven, bank-grade tokenization and encryption technologies for virtual assets  

SUNNYVALE, Calif. and Las Vegas, NV – Oct. 22, 2018 – Ushering in a new level of security for blockchain implementations, Rambus Inc. (NASDAQ: RMBS), today announced the availability of Vaultify Trade. The platform enables the secure storage and transfer of crypto and digital assets using proven, bank-grade, field-deployed tokenization and encryption technology. Vaultify Trade is the first product that enables banks, exchanges and investment portals to leverage tokens to secure the purchase, storage, exchange and sale of cryptocurrencies.

Vaultify Trade application

451 Research Director, Jordan McKee explains: “While cryptocurrencies represent significant opportunities, a major risk factor is that they are prone to theft, in large part due to the lack of strong security solutions for the blockchain. This undermines consumer confidence and limits the ability for financial services companies to offer products that help comply with regulations and best practices. With additional trust and transparency, the potential for cryptocurrencies to transform financial services can be realized.”

Blockchain is gaining increased traction across industries with the decentralized public-ledger framework opening new use cases daily, extending beyond cryptocurrency into financial services, retail, real estate, healthcare and insurance. While it provides a trusted and immutable record, the blockchain is not completely secure. Blockchain stores assets of value at an address in a public ledger using a private key. Much like a card or account number to access funds, that key is all that is required to access that digital asset, and if it is lost or stolen, that value is gone. Multi-signature enhances the level of security by introducing additional distributed keys for recovery and authentication of transactions, but still relies upon the use of original keys that are vulnerable to attack. Given the high-value financial and safety-critical nature of some proposed use cases, it is imperative that nothing alters data prior to its placement on the blockchain.

Tokenizing crypto assets and the blockchain

To meet this critical market gap, Rambus has created Vaultify Trade. Vaultify Trade combines multi-signature with proven, bank-grade tokenization technology to enhance security, confidentiality and privacy by replacing sensitive credentials—such as private keys for blockchain and crypto assets—with a non-sensitive equivalent token that is unique to each transaction. Unlike the private keys used to authorize blockchain transactions, tokens cannot be used by a third party to conduct transactions if intercepted. By replacing sensitive private keys with a limited use token that can include domain controls for device or channel, tokenization mitigates fraud risk and protects the underlying value of credentials. This reduces cryptocurrency security risks, which have led to enormous losses, adverse brand impact and suspensions of trading.

“Crypto assets are on the verge of going mainstream, but many of today’s consumers find cryptocurrency to be inaccessible and confusing, and are concerned by high-profile hacks. In order to accelerate adoption, consumers are seeking a secure, familiar way to access, trade, and own crypto assets through their trusted banking or trading apps,” said Jerome Nadel, GM of Payments and CMO, Rambus. “With over 100 billion transactions secured by Rambus technology, Vaultify Trade is a logical extension of our tokenization expertise. Banks, exchanges and investment houses can now quickly incorporate blockchain technologies into their product portfolios, armed with the confidence that data, value and assets are secure.”

Vaultify Trade UI

Designed for virtual assets on the blockchain, Vaultify Trade features include:

  • Tokenized Security – Replace sensitive private keys with domain-specific tokens to secure the transaction and storage of digital assets, limit vulnerabilities and improve trust.
  • Multi-Signature – Multi-signature wallets require at least two signatures to confirm a transaction, increasing security and preventing fraud, while enabling faster transactions.
  • Segregated Wallets – Combine the security benefits of an offline cold wallet with the convenience of an online wallet through multi-factor authenticated access to an online segregated wallet.
  • White-label app and SDK – The Vaultify platform can support a white-label app or an SDK, allowing consumers to easily access and trade cryptocurrency through their usual mobile and desktop banking portals.

To learn more about how Vaultify Trade can help your organization, please visit www.rambus.com/vaultifytrade. Or, to see a demo of Vaultify Trade, please visit Rambus during Money 20/20 in Las Vegas at the Sands Expo Center in Booth #1349.

Rambus and Riscure Team Up to Deliver Best-in-class Security Testing Platform for Side-channel Analysis

Comprehensive solution combines leading-edge DPA Workstation and fault injection capabilities 

SUNNYVALE, CA – October 16, 2018 – Today, Rambus Inc. (NASDAQ: RMBS) announced the collaboration with Riscure to deliver cutting-edge security testing solutions to chip manufacturers, government institutions and security evaluation laboratories worldwide. As part of the combined solution, Rambus will expand its Differential Power Analysis (DPA) Workstation to include the Riscure Inspector Fault Injection (FI) products to deliver a comprehensive side-channel analysis platform.

“As the number of widespread chip vulnerabilities continues to grow, hardware-level security and resistance to side-channel attacks is becoming a critical requirement for secure chip design,” said Dr. Martin Scott, SVP/GM of Cryptography and CTO, Rambus. “As leaders in side-channel testing, Rambus and Riscure have a long-standing collaborative relationship and this agreement strengthens that alliance to provide the best overall solutions and services for both company’s customers.”

The collaboration enables Rambus to offer Riscure’s unique fault injection products and capabilities in combination with the Rambus DPA Workstation, allowing our customers to source a combined side-channel testing platform from a single vendor. The combined solution is a powerful and flexible testing platform that includes an integrated suite of hardware and software for analyzing the vulnerabilities of cryptographic chips and systems to attacks such as fault, power and electromagnetic (EM) side-channel attacks.

“Fault Injection becomes an alarmingly widespread hardware attack technique and, on an adversary level, the cost of performing such an attack also decreases,” said Marc Witteman, chief executive officer at Riscure. “To outpace this development, hardware vendors should test their products for robustness against all kinds of hardware vulnerabilities using cutting-edge equipment and attack know-how. Riscure Inspector Fault Injection accumulates more than 10 years of experience in hardware security testing. Thanks to our partnership with Rambus, the world-class fault injection tools and software from Riscure now become available to a wider range of businesses worldwide.”

For additional information on Rambus DPA Countermeasure solutions, please visit https://www.rambus.com/security/dpa-countermeasures/.

Rambus and Phison Sign Patent License

Agreement includes use of Rambus memory and SerDes technologies

SUNNYVALE, Calif., – October 10, 2018 – Rambus Inc. (NASDAQ: RMBS) today announced that Phison, a global leader in NAND Flash controller IC and storage solutions, has signed a patent license agreement. Under the terms of the agreement, Rambus will license Phison the use of a wide range of innovations in the Rambus patent portfolio, including technologies for DRAM and NAND Flash memory controllers, as well as serial links. Specific terms of the agreement are confidential.

“Rambus has been recognized as a long-time innovator in the memory and high-speed I/O space. Licensing Rambus’ patent portfolio is part of Phison’s ongoing efforts to provide its customers the best-in-class controller IC and storage solutions,” said CS Ma, director of Innovation Technology R&D Group at Phison.

“We are excited to collaborate with Phison by providing them with access to innovations that enhance their product portfolio,” said Kit Rodgers, SVP of Technology Partnerships and Corporate Development at Rambus.

For more information on Rambus solutions, visit www.rambus.com.

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