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Sony has announced a contactless cryptocurrency hardware wallet

Sony introduced contactless cryptocurrency hardware wallet

The research department of the Japanese corporation Sony has announced the creation of contactless cryptocurrency hardware wallet. The unnamed device uses a popular Japanese smart card technology to communicate with the Bitcoin or other cryptocurrency network.

According to developers from Sony Computer Science Labs, one of the advantages of this device is the lack of need for connecting it to the USB connector. Thus, the creators of the wallet has successfully moved away from industry standards, and also provided users the ability to securely generate and store private key in module that is positioned inside the IC card and securely protected from hacking.

Over the past few years, Sony has repeatedly taken part in experiments with blockchain technology, who organized the transnational corporations. Today Sony releases its own solutions based on the blockchain and registers patents on a scenario of its application.

Sony on the capabilities of the new device:

"Thanks to the technology of IC card, a hardware wallet can not only manage private keys used to cryptocurrency transactions, but also to manage private keys for other tasks. They include, for example, the use of personal information through blockchain technology. It infrastructure technology, with a large number of possible applications."

About the release of this product in the mass market is not known yet.

In March of this year, the Japanese group of companies SBI Holdings, providing banking and financial services, has acquired 40% of the Taiwanese company CoolBitX, which produces hardware cryptocurrency wallets. In July, Ledger company, a leading provider of hardware wallets, noted that in 2017, she managed to sell over one million wallets on the total amount of $29 million.


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