{"id":88278,"date":"2023-12-14T17:59:43","date_gmt":"2023-12-14T15:59:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88278"},"modified":"2025-09-13T17:01:29","modified_gmt":"2025-09-13T14:01:29","slug":"hitachi-and-concordium-to-develop-biometric-crypto-wallet","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hitachi-and-concordium-to-develop-biometric-crypto-wallet\/","title":{"rendered":"Hitachi and Concordium to Develop Biometric Crypto Wallet"},"content":{"rendered":"<p>The research division of Hitachi and blockchain developer Concordium Foundation are jointly pursuing a biometric cryptocurrency wallet project.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? <a href=\"https:\/\/twitter.com\/ConcordiumNet?ref_src=twsrc%5Etfw\">@ConcordiumNet<\/a> x <a href=\"https:\/\/twitter.com\/Hitachi?ref_src=twsrc%5Etfw\">@Hitachi<\/a> : Progress is booming on the biometric crypto wallet!<\/p>\n<p>? Imagine restoring your wallet with just a fingerprint or facial scan.<br \/>Read more about it: <a href=\"https:\/\/t.co\/LNcO4ahjqP\">https:\/\/t.co\/LNcO4ahjqP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoWallet?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoWallet<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Biometrics?src=hash&#038;ref_src=twsrc%5Etfw\">#Biometrics<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BlockchainTech?src=hash&#038;ref_src=twsrc%5Etfw\">#BlockchainTech<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/HitachiXConcordium?src=hash&#038;ref_src=twsrc%5Etfw\">#HitachiXConcordium<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24CCD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CCD<\/a>\u2026<\/p>\n<p>\u2014 Concordium (@ConcordiumNet) <a href=\"https:\/\/twitter.com\/ConcordiumNet\/status\/1735272126012125429?ref_src=twsrc%5Etfw\">December 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The solution is expected to generate seed phrases via a fingerprint or iris scan. This would spare users from having to store or memorize a set of words.<\/p>\n<p>There will also be the ability to import or restore accounts on new devices using biometrics.<\/p>\n<p>In the initial phase, the partners will conduct a &#8220;proof of technology&#8221; to confirm the viability of the idea.<\/p>\n<p>If the wallet moves to implementation, the tool will use Hitachi&#8217;s Public Biometric Infrastructure platform and Concordium&#8217;s identification system on the network.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/UY-GNGHSxV1DV40YZbvU6htf3FO02IrQe2ZZdfCGOpCSDIKzjiDszDilI7ai1qmf-9o7PKiODL4Y45fQuurdGI9LdFtTJJ-fqKOvOLFBGVg9bpk2vp-C7xbFxmsbub-DeL4T4fxTC1OK0i0dLzHLoJ4\" alt=\"Hitachi and Concordium to develop biometric crypto wallet\"\/><figcaption class=\"wp-element-caption\">Diagram of Public Biometric Infrastructure. Source: <a href=\"https:\/\/www.hitachi.com\/rd\/sc\/story\/pbi1\/index.html\">Hitachi<\/a>.<\/figcaption><\/figure>\n<p>Representatives of the Swiss company, in a Cointelegraph interview, noted that biometric wallets could be particularly useful for their blockchain. Concordium requires users to undergo verification when creating an account. On the one hand, this helps prevent malicious activity such as hacks and scams; on the other hand, it makes safeguarding access to one\u2019s identifier extremely important.<\/p>\n<p>However, biometric wallets could, in principle, be used in any blockchain in the future, according to a technology consultant at the Concordium Foundation.<\/p>\n<p>In 2021, the Zurich-based firm raised <a href=\"https:\/\/forklog.com\/en\/news\/swiss-blockchain-firm-concordium-raises-15-million-in-private-token-sale\">$15 million through a private token sale<\/a>.<\/p>\n<p>Earlier in December, Block, Jack Dorsey\u2019s company, opened pre-orders <a href=\"https:\/\/forklog.com\/en\/news\/block-launches-bitkey-hardware-wallet-sales\">for the hardware Bitcoin wallet Bitkey<\/a>, whose mechanism also enables users not to memorize passwords or seed phrases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The research division of Hitachi and the blockchain developer Concordium Foundation are jointly pursuing a biometric cryptocurrency wallet project.<\/p>\n","protected":false},"author":1,"featured_media":88279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2362,1390,57],"class_list":["post-88278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hitachi","tag-partnership","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88278"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88278\/revisions"}],"predecessor-version":[{"id":88280,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88278\/revisions\/88280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88279"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}