Designed to combine function and form, the Trove digital wallet and app system allows users to story cryptocurrency on a piece of wearable tech to prevent fear of loss or theft. Created in a collaboration between Layer design studio and fintech startup Trove, the unique digital wallet keeps cryptocurrency offline for security purposes and incorporates smart security systems to prevent loss of the device. The Trove digital wallet is touted by the makers as being unhackable and unloseable.
The device consists of four pieces: Coin, Keep, Save and the Trove app. Each piece works together to add another level of security for user's cryptocurrency. The Coin functions like a wallet and is designed to be worn on the body like a piece of jewelry. The Coin also beefs up security by featuring fingerprint or iris detection, as well as an ECG sensory that recognizes the user's unique heartbeat as a mode of verification.
Unhackable Cryptocurrency Wallets
The Trove Digital Wallet Uses Several Physical Security Measures
Trend Themes
1. Wearable Security - The integration of security features into wearable technology and cryptocurrency wallets presents a disruptive opportunity for companies to create more sophisticated and secure products.
2. Offline Cryptocurrency Storage - The trend towards offline storage for cryptocurrencies is driving innovation in products like the Trove digital wallet, presenting opportunities for companies to develop innovative solutions in this space.
3. Biometric Verification - The use of biometric verification for added security in cryptocurrency wallets, such as the Trove digital wallet's use of iris, fingerprint, and ECG detection, presents an opportunity for companies to explore and develop new biometric authentication technologies.
Industry Implications
1. Fintech - The collaboration between Layer design studio and Trove to create the Trove digital wallet represents a disruptive opportunity for fintech startups to develop more secure digital wallet solutions for cryptocurrency users.
2. Wearable Technology - The development of wearable cryptocurrency wallets like the Trove digital wallet presents a disruptive opportunity for companies in the wearable technology space to create more secure and innovative products.
3. Cybersecurity - The trend towards more secure cryptocurrency storage solutions, such as the Trove digital wallet's use of smart security systems and offline storage, presents an opportunity for companies in the cybersecurity industry to develop new technologies to protect against theft and hacks.