The world’s first crypto communicator BitVault was introduced to the Fintech community at London Fintech Week. The BitVault is developed by Embedded Downloads limited, an Anglo-Irish company with development offices in Limerick Ireland and production facilities in Dehli India.
According to Hein Marais, CEO of Embedded Downloads, the company has identified the integration of blockchain technology, cryptography and physical devices as a niche area of development creating a safe and secure digital environment of the future, thus the development of the BitVault, the world’s first crypto communicator. According to the company, the crypto communicator is not only a smartphone but a secure banking device, secure media storage device, and identification system.
The company’s secure private key generation using a concept called dynamic key generation with the aid of biometrics and cryptography ensures that the product can only be used by the person associated with the private keys. This creates a unique identification check verified by a blockchain and thus perfect for secure messaging to a financial institution, insurance company, medical practitioner or any other parties relying on secure communication, for example a bank can identify a client with absolute certainty without the need of the client to visit the physical location of the bank.
Embedded Downloads has developed an app store for the BitVault, creating an environment where software developers can develop applications specific to the blockchain and the BitVault’s unique environment, examples such as a secure digital banking, secure calling, secure messaging, media vault and secure browsing.
The company’s executives expect the BitVault to be used by individuals increasingly concerned with privacy and security as well as institutions who require privacy and security in their communication. The BitVault is currently in beta production and some of the capabilities were demonstrated by the company during the London FinTech Week. Commercial production of the BitVault will commence in September 2017 with the first orders being shipped by November.
The company sees the BitVault as the first in a series of “Encryption of Things” technologies with analysis expecting more than 20 Billion devices linked to the internet by 2020.
Introducing the World’s First Blockchain Phone
- Biometric technology security enabled by fingerprint recognition, and iris scan.
- Third Party Independent Multilayer Security(3IMS)
- Secure Encrypted Messaging through a Private Blockchain
- Documents, Photos and videos transferred securely over Private Blockchain
- Secure Encrypted Voice and Video calling
- Bitcoin Vault and 5 Bitcoin wallets, safe and secure
- Removable security key for enabling your device
- 5.5 Inch Touch Screen
- 64 bit 2.0GHz Octa Core Processor
- 4GB RAM and 64GB Flash Storage
- 4G LTE, WiFi, Bluetooth
- 13MP Back camera and 8MP front camera
- BitVault application store for new Blockchain and cryptocurrency apps