The new project may eventually allow users to restore their accounts using a simple fingerprint or facial scan, developers stated.
Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a December 12 announcement.
The new wallet will allow users to generate a set of seed words using just their fingerprints or facial scan. It will not require users to store these seed words or remember them. Instead, users will be able to re-import the wallet’s accounts by undergoing the biometric scan a second time, Concordium representatives told Cointelegraph.
The wallet is still in an early stage of development, and the two respective teams refer to it as a “proof of technology” at this point rather than a full-fledged wallet. Once finished, it will employ Hitachi’s Public Biometric Infrastructure (PBI) in combination with Concordium network’s self-sovereign identity framework to create biometric-based accounts.
