WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN / Nasdaq: WKEY), a recognized leader in cybersecurity and IoT, today announced that its semiconductor VaultIC secures Cold Wallets with a contactless hardware that enables the wallet to offer security and ease-of-use to Bitcoin and other cryptocurrency users.
Cold Wallets are the safest option to store private keys as these wallets are not connected to the internet and therefore reduce the risk of being compromised. Cold Wallets cannot be infected by computer viruses because private keys never come in contact with network-connected devices or potentially vulnerable software.
VaultIC is a family of tamper resistant secure chips with firmware that brings digital security and cryptographic functions to Cold Wallets and other cryptographic enabled devices, as part of WISeKey’s scalable security framework. These chips provide configurable cryptographic services for authentication, data confidentiality and integrity check. VaultIC offers a wide bundle of standard, NIST-recommended cryptographic algorithms (such as ECC, RSA, ECDSA, AES, SHA) and associated key lengths. A certified hardware-based True Random Number Generator complements this set of features. VaultIC also provides on-chip secure data storage for secret keys, certificates, and data. VaultIC comes with a rich software environment including tools for protected boot, secure firmware update for IoT devices and secure communication (SSL/TLS) stacks.
Cold Wallets protected by WISeKey VaultIC semiconductors provide the most secure way to store Bitcoins or other cryptocurrencies by offering contactless access to their private key and the ability to make contactless transactions and payments. VaultIC secured Cold Wallets use a combination of Near Field Communication (“NFC”) technology with highly secured solutions provided by the WISeKey Semiconductors.
While the exchanges and software wallets continue to get hacked, the hardware Cold Wallets have gained popularity as they are providing the most secure solution for transaction and payments. VaultIC secured Cold Wallets have now become contactless and users can establish multiple private keys into the secure store using the same app and access these private keys while making transactions in contactless mode.
To empower a seamless cryptocurrency enabled economy, VaultIC is supplemented with additional WISeID highly secured solutions (biometrics enabled variants also available), integrated exchange platforms, NFC-based contactless payment solutions, etc.
Read More: How the Trends of Today Affect Financial Institutions Tomorrow
