Hyper-Focussed On Crypto Security
The company, Blockchain came into existence in August 2011. It has been in the game since then providing non-custodial wallet product. Moreover, they have seen a total of 29.5 million wallets with a variety of data services. Pascal Gauthier, President of Ledger, adds:
With stories about crypto hacking dominates headlines, it’s obvious that security must be top of mind . […] Our partnership with Blockchain is the first of its kind. However, as two companies hyper-focusing on crypto security, it’s one that’s a natural fit.
Ledger specifically creates the hardware to match the software by Blockchain. It is not compatible with other ledger platforms like Ledger Live application. Ledger announces the news of their partnership on their twitter account.
Big news: We’re excited to partner with @blockchain to create a new product, combining the power of Blockchain’s software and Ledger’s hardware: meet the #Lockbox. It’s a custom Ledger Nano S that's compatible with the #Blockchain Wallet.
Read more here: https://t.co/DhUEPlVxOy
— Ledger (@LedgerHQ) October 25, 2018
Peter Smith, CEO, and co-founder of Blockchain states during the announcement.,
We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly.
Gauthier adds saying, the wallet is FIDO approve and can use as a secondary security step for Google applications, Dropbox, Github etc. The wallet is available to pre-order on October 25, 2018. The company accepts BTC, Paypal, Visa, and Master node. Looks-wise, the wallet is similar to Nano. However, in contrast, the Lockbox is
- Blue in color
- Dimensions of 19mm x 18mm x 9mm
- Compatible with Windows 7+, Mac (10.9+), Linux or Chrome operating systems
The company believes that the hardware can compete with the likes of Trezor and Keepkey. The website states, “Our dual chip architecture guarantees cryptographic protection so you can store your crypto worry-free. Your private keys stay protected behind your secret PIN.”