SONY company thought about cryptocurrency

Does Sony open a contactless cryptographic wallet in preparation for a cryptosystem?

Sony's research and development department introduced a new non-contact hardware wallet with a cryptocurrency for storage, which may indicate that the e-commerce giant can take a big step into the cryptocurrency space.

Laboratory of Computer Science, Sony has prepared a contactless cryptographic wallet .

Department of research and development of the Japanese Sony Corporation, Sony Computer Science Laboratories, Inc. published a press release, which reveals their work on a non-contact wallet with cryptocurrencies for the storage of crypto-options, such as Bitcoin, Ethereum, Litecoin and others.

The wallet uses contactless integrated technology for additional investor convenience. Traditional hardware wallets with cryptocurrencies, such as Ledger Nano S and Trezor, are based on the USB interface, but its wallet will allow the user to not use the cord and make transactions from any device equipped with NFC.

The sony company stated that the wallet will be “small, portable and useful, unlike conventional existing wallets, and will have a highly reliable protection module against unauthorized access to the IC card for increased security.”

While Sony Computer Science Laboratories is a division of research and development of the company, and many of the subsidiary projects are not released as a full-fledged product for consumers to buy, a press release suggests that the company will strive for “commercialization” blockchain ” , hinting that the company is planning a larger step into the world of blocking and cryptocurrency.

Does Sony plan further movement to the cryptosystem?

The news about Sony's cryptocurrency wallet is not the first example of Sony's growing interest in the block chain and potentially cryptocurrency.

Earlier this year, the company filed with the United States Patent and Trademark Office to obtain a patent for storing data about the digital rights of users in a block chain, mainly developing a full-featured digital rights management (DRM) system. The DRM system checks the rights of users to access certain types of multimedia, such as movies, music, video games, etc.

This is a company's brand portfolio that covers various types of media that can provide the perfect cryptocurrency ecosystem, perhaps even a cryptocurrency developed by Sony .

The company can make payments, create a reward system and much more using cryptocurrency in all of its Sony Music, Sony Pictures and Sony PlayStation brands.

PlayStation users, in particular, are already familiar with using digital money to make purchases through PlayStation Network. These are also platforms such as PlayStation Network, where user access to digital content — for example, video games — will be controlled by a blockchain-based DRM system.

Website source: https://www.newsbtc.com/2018/10/26/sony-reveals-contactless-crypto-wallet-prepping-for-crypto-ecosystem/

Article translated and published: Leonid Shchekutev, analyst at Freedman Club Crypto News