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GEM Platform

First Release Date:
4/5
0
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0
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Language Support:
GBUS
Technology Category: Blockchain

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Product/Service Description

The Gem platform provides simple and secure management of cryptocurrency wallets.

Simple: because GEM API and client libraries manage the complexity of working with a digital currency, while presenting a high level interface that is easy to use.

Secure: because Gem wallets use multi-signature and Hierarchical Deterministic Wallets with granular rulesets and multi-factor authentication.

Customer Overview

Total Number of customers undisclosed
Customer Size Large Enterprise , Medium
Customer Type Corporates , IT Integrators
Target Market Africa , Asia , Australia/New Zealand , Europe , Global , North America , South America
Specific georgaphical coverage United States of America
undisclosed
Demo & Case Study Urls https://gem.co/signup

Features

  • Transactions from a Gem wallet require two signatures for authorization, one from a private key held by Gem, and one from a private key held by the wallet owner.
  • The wallet owner also has a third private key, intended for offline backup, that allows the cosigning of transactions without Gem involvement.
  • Multisignature scheme for cryptocurrency processing

Benefits

  • The risk of theft is mitigated, because it requires compromising two keys.
  • Gem cannot spend from a wallet without the owner’s authorization since we hold only one key.
  • The wallet owner does not require Gem’s authorization for expenditures.
4/5

Platform & Workflow

Server OS undisclosed
Workstation OS Windows , Mac
Programming Language and API Java, Ruby, Python 2.7, Node
SetUp and Installation Options Online, through GEM account
Deployment Period Within minutes
Reporting Capabilities
Security Options Multi-factor authentication is central to Gem’s security model. Developers and Users are required to provide a phone number for SMS MFA token delivery (TOTP-based apps like Google Authenticator are supported as well, but fallback SMS is required).
The product/service compliant with the following regulatory standards undisclosed
4/5

Connectivity, Hosting and Intergration

Hosting Option Inhouse , Hosted by provider
Hosting provider undisclosed
Devices Supported Mac , Mobile Web App , Web-based , Windows
Compatibility with Database Management System (DBMS) N/A
Third party integration undisclosed
4/5

Support Services

Support Option Online Support , Phone Support , Knowledge Base

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