Definition ∞ KMS Key Management, or Key Management System Key Management, involves the secure generation, storage, distribution, and destruction of cryptographic keys throughout their lifecycle. A KMS provides a centralized and controlled environment for managing these keys, which are essential for securing data, authenticating identities, and signing transactions. It helps maintain the confidentiality and integrity of digital information. Proper KMS implementation is critical for overall system security.
Context ∞ In the context of digital assets and blockchain, KMS key management is paramount for securing private keys that control cryptocurrencies and smart contract interactions. Debates often focus on the balance between security, accessibility, and decentralization in key storage solutions. News about wallet security breaches or advancements in hardware security modules often underscores the continuous need for robust KMS practices.
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