The Sony Computer Science Labs have announced it created a contactless cryptocurrency hardware wallet. The device has no name yet, but it uses IC smart card technology that’s already popular in Japan. Sony announced their invention in a press release this week.
According to Sony the biggest advantage of their new wallet, is that users don’t require an USB cable to activate the wallet. Just like existing wallets from Ledger and Trezor, the Sony wallet stores keys inside a tamper-proof module. The wallet would also be able to access blockchain-stored private information.
Sony has been experimenting with blockchain technology for several years now. The company has even filed some patents for blockchain related hardware.
It’s not known whether Sony will bring their contactless hardware wallet into mass production. Last year Ledger sold over one million wallets, earning a 29 million dollar profit.