Safe Storage of Cryptocurrencies with Iran-Made Hardware Wallet
“In the past, we worked in the field of security and had the necessary expertise in the field of blockchain and hardware; therefore, by using our experiences in the past two years, we designed a hardware wallet,” Mahsa Qanbari, the production manager of the ‘Walleto’ hardware wallet, told ANA on the sidelines of the INOTEX exhibition held in Tehran on May 09-12.
“This hardware wallet is actually a tool that can store the keys of the blockchain field in a completely safe and even offline way in its hardware which means that there is no possibility of any intrusion into this smart wallet and its security is guaranteed,” she added.
“During the development of the hardware wallet, we tried to present it with higher security in purchasing parts and selecting and developing communication programs, compared to the hardware wallets that exist in the world,” Qanbari said.
“We can claim that the security offered in the Walleto hardware wallet is not available in similar products,” she underlined.
Blockchain is a shared and immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
The 12th International Innovation and Technology Exhibition (INOTEX) was inaugurated at Pardis Technology Park on May 09.
INOTEX aimed to introduce products, facilitate partnerships and provide various insights on the latest global competitive prices, quality standards, developments, scientific findings, and economic-technological ideas.
The four-day event that has gathered a large number of Iranian and foreign business people, technologists, industrialists, university students, professors, and researchers is hosting almost 450 companies.
Pardis Technology Park is located around 20 km East of the capital city of Tehran.
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