Hitachi Plans to Develop a Crypto Wallet

Hitachi Research & Development and blockchain developer Concordium Foundation have joined forces to create a “proof of technology” biometric crypto wallet, as announced on December 12.

This new wallet will allow users to generate a set of seed words using their fingerprints or facial scan, eliminating the need to store or remember the words.

Instead, users can simply undergo the biometric scan again to reimport their wallet’s accounts, according to Concordium representatives.

While still in the early stages of development, the two teams are referring to it as a “proof of technology” rather than a complete wallet.

It will utilize the Hitachi Public Biometric Infrastructure (PBI) and Concordium network’s self-sovereign identity framework to create biometric-based accounts.