A startup called Bizblocks from South Korea will be developing a new blockchain platform for personal and business blockchain hardware security based on a technology that combines several core keys and NFC of mobile phones.
While the technology of the blockchain is advanced and secure, there are always concerns with the private keys that protect the wallet of the users. This new product that is being developed by the company, Kaiser Key, exists to complement and improve the problems and failures of existing hardware wallets in the market today.
Kaiser Wallet Will Be Launched In June
Kaiser Wallet will use the blockchain technology to issue new assets and transact them on the blockchain with safety. The product will be launched in June and its price will range between $30 to $50 USD.
The device will have the same size of a credit card, so it can be carried on your pocket and will be enhanced by a two factor system authentication.
The CEO of Bizblocks, Jun In-Young, states that the development of this new product is already complete and that the device is already in the mass production phase. The CEO believes that this product has high security, low price and convenience, being safe and very easy to use in any place.
In related news, Bizblocks has made an agreement with the government of Kyrgyzstan to create an electronic government based blockchain.