TOKYO–Sony, which has applied for several blockchain-related patents, has rolled out a cryptocurrency hardware contactless wallet.
The company’s science division, Sony Computer Science Laboratories, said it has created a contactless digital asset hardware wallet. The storing product uses the firm's integrated circuit card-based radio frequency identification system, reported Cryptovest.
Sony claims that its wallet is more secure than online (hot) storage, as the product includes mutual authentication and encrypted communication.
“Sony’s wallet targets not only crypto-trading, as it manages private keys in transactions, but the distributed ledger technology market, because the product also provides controlling functions over keys that are part of blockchain-based systems,” Cryptovest stated.
Sony’s wallet launch comes in an atmosphere of growing regulatory scrutiny on the crypto market on a global level, but especially in Asia after several major security breaches, Cryptovest noted.