In line with recent official pressrelease by the Japanese tech giant company ‘Sony,’ it has developed a contactless cryptocurrency hardware wallet. The new hardware device developed in un-named yet but the device utilizes ICsmart cardtechnology which is popular in Japanto interactwith the Bitcoin [BTC] oralternative othercryptocurrency network.
Theadvantages,in line withthe developers from Sony Labs [SCSL],liein dispensing withthe requirementto connectthehardware wallettoa hostdevice via USB, asis thecurrent normal standardfor the industry.
The press release further added:
“In addition,it’spotentialtofirmlygenerate and storea personalkey with aextremelyreliable tamper-proof moduleinsidethe IC card.”
Sony has joinedseveralmultinationals in experimenting with blockchain technology in the recent years,revealing many possiblesolutions and applying for patentsassociated withthe blockchain hardware.
Beyondsendingand receiving cryptocurrencies,the newesthardwarewallet alsoprovidesmulti-purpose uses,the companyclaims:
“This IC card-type cryptocurrency hardwarewallet technology notsolelymanages thepersonalkeys used for cryptocurrency transactions,howeverconjointlymanagespersonalkeys used foralternativefunctions,like those allowingthe employmentof personalinformation employing the blockchain technology.”
Adding further Sony stated:
“It isaninfrastructure technology with multiplepotentialapplications.”
It is however still notknown whether when a mass rollout ofthis new hardware wallet is scheduled by the company.
Earlier in March this year, JapanesefinancialservicesclusterSBI Holdings purchased 40%of Taiwanese cryptocurrency hardwarewalletcompany CoolBitX. Leading security-focused hardwarewalletprovider Ledger noted inJulythat it hadsold-outover1,000,000wallets in 2017, earning a profit of around $29 Mln.