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 leading developer and marketer of fingerprint
authentication systems, is pleased to announce the launch of the "MoriX
Wallet Card (MWC)", an IC card with fingerprint authentication that
enables secure management of cryptographic assets, on Tuesday, August 18, 2020.
The product will be available on Amazon's e-commerce site
(https://www.amazon.co.jp/dp/B08DNN7LGK?ref=myi_title_dp) from Tuesday 18
We expect demand from
crypto asset exchanges and general users of crypto assets, and plan to sell
tens of thousands of units in the first year at a price of 27,000 yen per unit.
In the crypto
asset space, there have been a number of incidents where large amounts of
crypto assets have been stolen due to unauthorized access to the servers of
exchange companies. Users need to manage their cryptographic assets, using
hardware wallets that are not connected to the network. Yet they need to be
prepared for the risk that the passwords for managing the wallets could be
leaked, resulting in the need for countermeasures.
■MoriX Wallet Card(MWC)
MoriX Wallet Card(MWC) is an
IC card with a fingerprint sensor and authentication algorithm implemented. Fingerprint
information cannot be tampered with after it has been registered, and the
identity of the user is strictly verified by placing the finger on the sensor
on the IC card. Fingerprint data is encrypted and stored on the card, which
means that no fingerprint information is exchanged on the server. MoriX has experience in the
development of fingerprint authentication cards for credit cards and other
financial cards, providing a high level of security.
Two wallets are implemented in one card, each capable of managing 10
different crypto assets at once. At the moment, the following seven crypto
assets are supported: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC),
Ethereum (ETH), Ethereum Classic (ETC), Dogecoin (DOGE) and DASH (DASH ). We
are planning to support Ripple (XRP) and ERC20 standard tokens in the future.
The remittance and receipt of crypto assets is
available through an app installed on your computer, smartphone or tablet. You
can enter the recipient's address and other information in the app and then
fingerprint the card to finalize the transfer. The card has an e-paper display to
generate QR codes.
You can also show the QR code to the person you want to send the
crypto asset to, allowing them to receive the crypto asset. The display can
provide information such as the balance of assets held. The card contains a
thin rechargeable battery, which can be used for up to two weeks on a charge via
USB. The wallet can be used as a stand-alone device, with its ability to exchange
cryptographic assets using QR codes and display the balance of the
cryptographic assets held.
financial sector, we are developing a payment card with a fingerprint sensor,
using our own patented fingerprint sensor and authentication algorithm. 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 deterring the unauthorized resale of tickets to events such as concerts.
We are also working with our partners across the industry to develop smart keys
for automobiles, cards for public institutions, and various security cards. Through
these initiatives, MoriX aims to sell several million cards, including payment
cards, in Japan and abroad by the end of FY2020.
Company Name : MoriX Corporation
Office : 9F, X-PRESS Yurakucho, 2-2-1, Yurakucho, Chiyoda-ku, Tokyo,
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.
more information, please contact
MoriX Co., Ltd. Corporate Communications Officer
TEL：03-5537-8060 FAX：03-5537-7110 MAIL: