GENEVA - SEALSQ Corp (NASDAQ:LAES), a company specializing in semiconductor, PKI, and Post-Quantum technology development, announced today the introduction of a new feature for crypto wallets aimed at protecting Bitcoin wallets from potential quantum computing threats. This feature is designed to enhance the security of the 12-word seed phrase, a critical component in the security of Bitcoin wallets.
With the advancement of quantum computing, concerns within the cryptocurrency community have grown regarding the potential for these technologies to break the encryption that protects Bitcoin wallet seed phrases. SEALSQ's latest innovation addresses these concerns by advancing the implementation of wallet signature security through theoretical research and practical application, including browser wallet security extensions.
In a collaboration with its parent company, WISeKey International Holding Ltd. (SIX:WIHN, NASDAQ:WKEY), SEALSQ has developed a proof-of-technology for a crypto wallet on the Hedera blockchain. This initiative aims to combine Public Key Infrastructure (PKI) signatures with biometric authentication, potentially eliminating the need for manually managed seed phrases.
The proof-of-technology explores the integration of seed phrase generation with WISeKey's Public Key Infrastructure, aligning it with users' biometric signatures to enhance security and user convenience.
SEALSQ is also advancing in the field of post-quantum semiconductors, which are expected to offer increased security and efficiency, particularly in Artificial Intelligence (AI) applications. The company's portfolio includes semiconductors, secure elements, roots of trust, cryptographic keys, and hardware security modules, all contributing to its position in technological advancement and security.
This article is based on a press release statement from SEALSQ Corp.
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