BitGo Presents Multi-Sig Bitcoin Security at Inside Bitcoins NYC
1. How to Stop Bitcoin Theft:
Multi-Sig Wallets Make Bitcoin
Secure and Useful for New
Industries
Will O’Brien
CEO & Co-Founder, BitGo
will@bitgo.com
April 8, 2014
21. Company
Profile
Businesses
accepting
and
spending
Bitcoin
Family
office
investors
and
financial
institutions
Key
Needs
• Accountant-‐friendly
UI
• Enterprise
security
• Spending
limits
and
transaction
approvals
for
various
users
in
the
org
• Regular
financial
reports
• Trader-‐friendly
UI
• Enterprise
security
for
large
Bitcoin
holdings
• Fund
administration
that
meets
corporate
governance
requirements
• Robust
audit
trail
and
financial
reporting
Multi-‐Sig
Setup
• 2-‐of-‐3
key
wallets
• Access
by
multiple
users
with
different
rights
• M-‐of-‐N
key
wallets
• Secondary
approval
for
large
transactions
Organizational Needs for Multi-Sig
BITGO, INC. CONFIDENTIAL
21