Electronic Giant Sony Unveils Cryptocurrency Hardware Wallet To Store Bitcoin And Other Digital Assets

Electronics giant Sony has industrialized technology that it helps users of cryptocurrency to store their assets more strongly and that equipment may just be coming soon to store near you. The Japanese tech corporation recently announced that its Computer Science Laboratories division (Sony CSL) had industrialized a cryptocurrency hardware wallet that might be used to supply Bitcoin and additional digital assets in a protected disconnected environment at the same time holding the suitability of less guaranteed online crypto storage systems.

Unlike traditional crypto hardware wallets that attach to the user’s PC or mobile device using a USB cord, for example, Trezor One and Ledger Nano S, Sony CSL’s wallet might store the user’s private keys on a contactless IC card, allowing the user to easily sign connections from an NFC-enabled mobile device.

The wallet is an infrastructure technology with this IC card-type cryptocurrency hardware wallet technology not only crypto transactions but also operates private key used for other resolutions, such as those for allowing the use of individual information using blockchain technology.

The release further noted that this type of wallet card would have “multiple possible applications,” including allowing a user to sign a blockchain transaction authorizing the use of their personal information, as stated in Sony CSL.

Sony’s development of cryptocurrency tech does not seem to be a simple research project or as is often the case, an example of a company looking for to position itself as a modernizer in cutting-edge technology, even though it has no plans to change its research into real-world products and applications.

Besides cryptocurrency hardware wallet which is a special type of Bitcoin wallet that stores the user’s private keys, as of today Sony has used IC card technology in its FeliCa cards, where a chip and an antenna are inserted in each product. Thus, according to the FeliCa, enabling transactions in around 0.1 seconds. According to Cryptovest, earlier this week, Japanese financial services company, SBI Group had also announced a plan for the development of a special wallet for its VCTRADE crypto exchange.

The post Electronic Giant Sony Unveils Cryptocurrency Hardware Wallet To Store Bitcoin And Other Digital Assets appeared first on OWLT Market.

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