Youniqx Identity AG, a subsidiary of the Austrian State Printing House, announced in a press release issued on July 29 that it has developed a cryptocurrency hardware wallet called Chainlock.

More Security for Crypto Hardware Wallet

According to Cointelegraph, Chainlock is a device that can store private keys which enable access to cryptocurrency wallets. The manufacturer revealed that Chainlock has been built with the ability to generate the private key. Moreover, the device is highly secure, with resistance to outside elements such as heat and water.

Youniqx Identity AG revealed that the hardware wallet is available for sale from the company’s partners, such as Coinfinity in Europe and Tokenize Exchange in Singapore.

The firm also announced that the Austrian State Printing House, in operation for over 200 years, is an expert in identity document manufacturing that “implements and offers personalisation solutions for identity documents such as the highly secure Austrian passport.” 

International Companies Developing Hardware Solutions

Cointelegraph has also reported that Daimler, the German manufacturer of Mercedes-Benz, has joined European blockchain solutions startup firm Riddle & Code on a project to develop an open car hardware wallet solution.

Meanwhile, Siemens, a global company specializing in electrification, automation and digitalization, has demonstrated a keen interest in implementing blockchain-power solutions. Sources have also revealed that Siemens is looking into adapting blockchain platforms for the transportation industry.

Source: https://cointelegraph.com

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