According to BeInCrypto, traditional financial giant Mastercard has joined the Blockchain Security Standards Committee (BSSC) as a founding member, participating in the development of security frameworks for blockchain networks and tokenized assets, and joining a working group focused on security and privacy guidelines. The BSSC is a nonprofit alliance whose current members include Coinbase, Fireblocks, Anchorage Digital, BitGo, Figment, and Ribbit Capital. Claire Le Gal of Mastercard will represent the company on the BSSC board. The report notes that Mastercard previously launched its Multi-Token Network and Crypto Credential products.
Mastercard Joins the Blockchain Security Standards Council (BSSC) as a Founding Member
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Summary
Mastercard has joined the Blockchain Security Standards Council (BSSC) as a founding member, according to recent blockchain news. The company will help shape security frameworks for blockchain networks and tokenized assets. The BSSC includes Coinbase, Fireblocks, and Anchorage Digital. Claire Le Gal will represent Mastercard on the board. The firm previously launched the Multi-Token Network and Crypto Credential products. This move comes amid growing concerns over security breach risks in the crypto space.
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