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MoriX Co., Ltd.

IC card prevents theft of crypto assets, app facilitates funds transfer

MoriX Corporation (Head office: Chiyoda-ku, Tokyo, CEO: Morihiko Kubota, referred to below as "MoriX"), a company that develops and sells fingerprint authentication systems, will launch the "MoriX Wallet Card (MWC)", an IC card with fingerprint authentication that can securely manage cryptographic assets, in May 2020. The card will be priced at 20,000 yen per card and is expected to sell 500,000 cards in the first year.

 

There have been a series of incidents involving crypto assets where large amounts of crypto assets have been stolen due to unauthorized access to servers managed by exchange companies. Users need to use hardware wallets that are not connected to the network to manage their own crypto assets, but there is a risk that the password for managing the wallets may be leaked, resulting in the need for countermeasures.

 ■MoriX Wallet Card(MWC)

 

The "MoriX Wallet Card (MWC)" sold by Morix this time has a fingerprint sensor and authentication algorithm implemented on the IC card. By placing a finger on the fingerprint sensor on the card, the user's identity is strictly confirmed, and the fingerprint information cannot be modified after it has been registered at the start of usage. Since the fingerprint data is encrypted and stored on the card, there is no exchange of fingerprint information on the server. MoriX has been developing fingerprint authentication cards for credit cards and other financial cards, achieving a high level of security.

 

Currently, the following seven crypto assets are available for Morix card: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Dogecoin (DOGE), and DASH (DASH). Support for Ripple (XRP) and ERC20 standard tokens is also planned in the future.

 

The transfer and arrival of crypto assets can be done via an app installed on your computer, smartphone, or tablet. You can send money by entering the recipient's address and other information on the app, and then fingerprinting the card. The card has an e-paper display that generates a QR code, allowing the card holder to receive cryptographic assets by simply showing the QR code to the counterparty. The display can also provide information on your asset holdings. The card contains a thin rechargeable battery that can be recharged via USB and will last up to two weeks per charge.


Other Products

 


Using our own patented fingerprint sensor and authentication algorithm, we are developing a payment card with a fingerprint sensor for the financial sector. We are currently in the final stages of certification by major international credit card brands and plan to launch the product during 2008. In the entertainment sector, we are developing a membership card with a fingerprint sensor, which will enable stricter identification when purchasing tickets and other goods, as well as preventing the unauthorized resale of tickets for events such as concerts. In addition, we are working with companies across the industry to develop smart keys for cars, cards for public authorities and a range of security cards. Through these initiatives, MoriX aims to sell millions of cards, including payment cards, both domestically and internationally by the end of FY2020.


Company Profile

Company Name : MoriX Corporation

Office : 9F, X-PRESS Yurakucho, 2-2-1, Yurakucho, Chiyoda-ku, Tokyo, 100-0006, Japan

Established In : August 2005

President and CEO: Morihiko Kubota

Business: Development, manufacturing, and sales of biometric authentication systems; development, manufacturing, and sales of IC card-related equipment; development, manufacturing, and sales of semiconductor products; and other operations related to the above

For more information, please contact

MoriX Co., Ltd. Corporate Communications Officer

TEL03-5537-8060  FAX03-5537-7110  MAIL: info@morixjp.com


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