BitVault debuts in Netherlands
Embedded Downloads has officially introduced BitVault, which the company billed in a press release as the world's first blockchain phone and crypto communicator.
- Dynamic key creation — biometric identification and NFC technology combine to allow the user to create private and public keys every time the device is used. Keys are used for encryption of transactions, communication and other applications on the device.
- Secure calling — The device uses advanced cryptography to enable public key to public key calling. Cryptocurrency transactions are used to create multilayer encryptions.
- Secure messaging — The same cryptographic methods are used for secure messaging. BitVault to BitVault messaging is multi-layered encrypted.
- Secure document transfer — When a user sends a document created on a laptop or a PC via BitVault as an attachment, these documents are transferred over a private blockchain separate from the BitVault communication environment. Both the sender and receiver will need to download an application on their respective computers to send or receive documents. Keys to open these documents will be securely transmitted from BitVault to BitVault.
- Secure browsing — BitVault uses blockchain technology to verify websites through a set of confirmation steps. Browsing with BitVault is severely restricted and controlled with stringent rules to ensure the integrity of the environment.
- Cryptocurrency wallets — BitVault uses cryptocurrency in its applications and also comes with native cryptocurrency wallets. BitVault will ship with wallets installed for bitcoin, Ethereum, bitcoin cash and EOT.
- BitVault Application Store — BitVault has a dedicated application store, which is open to enterprise developers. Enterprises can develop proprietary applications for use by their customers.
BitVault is owned and developed by Embedded Downloads, a specialist in secure hardware and software related to the Internet of Things, the release said.