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Blockchain Security Standards Council Publishes First Four Security Standards

via Business Wire

The Blockchain Security Standards Council (BSSC) announced today the public launch of its first four security standards, marking a significant milestone in the journey towards a more secure and trustworthy blockchain ecosystem. These standards are designed to address critical aspects of blockchain security, elevating trust in digital assets and confidence in blockchain networks. The four standards released today via the organization’s website are as follows:

  • Node Operation Standard (NOS): Defines the requirements for operating a blockchain node securely, focusing on the integrity, resilience, and safe participation of nodes within a blockchain network.
  • Token Integration Standard (TIS): Ensures digital assets, such as tokens, are safely and securely integrated into blockchain ecosystems. It covers critical aspects such as asset governance and the technical configuration required for digital assets to operate reliably within blockchain networks.
  • Key Management Standard (KMS): Provides best practices for the secure handling and usage of cryptographic keys in blockchain environments, including block proposal, validation, and wallet custody.
  • General Security and Privacy Standard (GSP): Defines the baseline risk management, security, and privacy requirements that should be met by all participants in blockchain.

Greg Kohn, Executive Director of BSSC, emphasized the importance of these initial standards:

"As blockchain technology gains widespread adoption, the need for robust security measures becomes increasingly critical. Already this year we’ve seen a proliferation of attacks on blockchain systems and a significant amount of value loss as a result. Our standards provide an essential foundation for blockchain security, which we believe will materially enable blockchain’s continued rapid growth."

The BSSC is a nonprofit technology consortium formed to address the increased threats that hold back crypto’s potential, such as protocol or contract exploitation, fraud, and nation-state targeted campaigns. BSSC is actively developing audit frameworks in support of these initial standards as well as planning its next phase of technical work. Its members include Anchorage Digital, Coinbase, Figment, Halborn, Fireblocks, Kraken, OpenZeppelin, Ribbit Capital, Turnkey and Bitgo.

BSSC invites blockchain developers, operators, security practitioners and other stakeholders to join its mission by becoming members. Contributor members can participate fully in BSSC’s technical track, where standards and audit frameworks are developed and maintained. General members can review and comment on stable drafts of BSSC’s standards before they are released publicly. Visit https://www.blockchainssc.org/membership for more information.

About the Blockchain Security Standards Council

The Blockchain Security Standards Council (BSSC) is a nonprofit organization dedicated to enhancing the security of blockchain systems and the digital assets on them. The BSSC develops security standards and audit frameworks to protect the integrity and continued growth of the blockchain ecosystem. For more information about the Council, its initiatives, and how to join, please visit https://www.blockchainssc.org/.

"As blockchain technology gains widespread adoption, the need for robust security measures becomes increasingly critical," said Greg Kohn, BSSC Executive Director.

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