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Sony has developed contactless crypto hardware wallet

On October 23, Sony Computer Science Laboratories, Inc. (Sony CSL) announced it had created a contactless cryptocurrency hardware wallet.

The device which is yet unnamed utilizes IC smart card technology popular in Japan to communicate with the Bitcoin (BTC) or other cryptocurrency network.

According to developers from Sony CSL, the advantages lie in dispensing with the need to attach the wallet to a host device via USB, as is the current standard for the industry.

“In addition, it is possible to securely generate and store a private key with a highly reliable tamper-proof module within the IC card,” – the release explains.

According to the company, beyond sending and receiving cryptocurrency, the hardware wallet offering is designed to include multi-purpose uses.

“This IC card-type cryptocurrency hardware wallet technology not only manages the private keys used for cryptocurrency transactions, but also manages private keys used for other purposes, such as those for permitting the use of personal information using blockchain technology,” – Sony said in the release, adding:

“It is an infrastructure technology with multiple possible applications.”

It is not known when or if a mass rollout of the product will be scheduled.