Sony has introduced the event of a brand new sort of cryptocurrency {hardware} pockets that makes use of its IC card expertise. The Japanese conglomerate also stated that it firmly believes within the potential for the commercialization and widespread adoption of blockchain expertise.
Secure Digital Assets
Tokyo-based Sony, a family title for many years, is entering into blockchain expertise and cryptocurrency options. Sony Computer Science Laboratories, a gaggle subsidiary, revealed on Oct. 23 that it has developed a {hardware} pockets for digital belongings. It stated the brand new expertise makes use of its IC card protocol, an utility that facilitates high-speed communication with cost readers.
The firm stated the cardboard works in a “contactless” trend as a result of it makes use of “mutual authentication/encrypted communication” with the IC protocol. According to the documentation for the pockets, the corporate has developed and refined the IC protocol over the previous few years.
“The IC card type hardware wallet is small, portable and useful, unlike typical existing hardware wallets that connect to PCs via USB,” Sony stated. “In addition, it is possible to securely generate and store a private key with a highly reliable tamper-proof module within the IC card.”
Focus on Blockchain Solutions
Sony stated that the IC-based playing cards handle non-public keys for cryptocurrencies, however added that they also produce other functions. The firm is probably going referring to a common FIDO key (U2F) for platforms similar to Google and Dropbox.
“It is an infrastructure technology with multiple possible applications,” it said, indicating that it believes in the way forward for blockchain expertise and hopes to bolster such infrastructure with its personal product choices.
Sony concluded by stating:
Sony CSL will proceed advancing initiatives in the direction of the commercialization of its ‘cryptocurrency hardware wallet technology’ that permits for protected and safe transactions of digital belongings together with cryptocurrencies with the intention of furthering the widespread adoption of blockchain expertise.
Sony’s announcement is just not the primary time the Japanese company has expressed an curiosity in distributed ledger protocols. One week earlier than its {hardware} pockets announcement, it revealed that it’s creating a blockchain resolution for digital rights administration. And a couple of yr in the past, it filed a patent for a blockchain-based training platform with IBM.
What do you concentrate on Sony’s efforts to develop a cryptocurrency {hardware} pockets based mostly on its IC card expertise? Let us know what you concentrate on this topic within the comments part below.
Images through Shutterstock, Sony, and Sony Computer Science Laboratories.
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