Hitachi and Concordium Foundation team up to develop biometric crypto wallet
The new project may eventually allow users to restore their accounts using a simple fingerprint or facial scan, developers stated.
Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a Dec. 12 announcement.
The new wallet will allow users to generate a set of seed words using just their fingerprints or a facial scan. It will not require users to store these seed words or remember them. Instead, users will be able to reimport the wallet’s accounts by undergoing the biometric scan a second time, Concordium representatives told Cointelegraph.
The wallet is still in an early stage of development, and the two respective teams refer to it as a “proof of technology” at this point rather than a full-fledged wallet. Once finished, it will employ Hitachi’s Public Biometric Infrastructure (PBI) in combination with Concordium network’s self-sovereign identity framework to create biometric-based accounts.
