HONG KONG, June 23, 2022 (GlobeNewswire) – Matrix has recently introduced crypto security – with the advent of biovalet cryptocurrency, security has become a top concern for many people, and Matrix has come up with a new biometric wallet that meets this demand.
Matrix uses unique veins of the finger to unlock and sign biovalette transactions. With this technology, you can access your wallet without using a password or PIN. This feature will help you stay safe while securing your crypto assets. As a bonus, it will also eliminate the need to remember a password or PIN. Using biometrics, your wallet is more secure than ever.
Another advantage of Biowallet is that it is supported by a team of scientists, so it is guaranteed to work for you. You can even customize it with your own unique username and password. Once you customize it, you will have access to a wide range of security features. Biowallet also includes an easy-to-use interface and an optional fingerprint reader. The new security system allows you to store your private keys and crypto assets in a safe, secure place.
The rapid advancement of web and telecom technologies has accelerated the growing digital economy, accelerated enterprise digital transformation, and brought about a significant shift in corporate values towards the adoption of Industry 4.0 and Web 3.0. Today, the ability to take full advantage of the commercial potential of data is the key engine of value creation in the digital economy, and the advancement of artificial intelligence (AI) is the most competitive advantage in gaining insight into data.
The data economy is now just one big problem that has arisen due to the lack of solid data management solutions. To increase data connectivity and enable disruptive waves of growth in the digital economy, blockchain now provides a strong answer.
Matrix AI Network is a leading provider of end-to-end solutions for enterprise-grade data management with high security, interoperability and performance for the basic integration of AI and blockchain.
The Matrix 1.0 blockchain platform is the first AI-optimized blockchain platform. Low transaction speeds, lack of security, complexity of use, and misused resources are the four main concerns of blockchain that we address through AI technology. We have created a public blockchain platform that is both functional and reliable.
Matrix 2.0 is building blockchain-based AI economies based on data, computer power and AI models. We are building a self-evolving AI platform with collective processing power, secure data management, transparent data sharing and access to a growing set of on-chain AI data, models and applications.
Includes user information but is not limited to information about their identity, biometrics, behavioral patterns, social relationships, resources, etc. It can even be useful for collecting relationship states and types of brain waves in users Continuous updating and production of user personal information will be essential as a means of production as well as a basic resource for Metavers. For this reason, we need to create technical solutions and regulations to control how data is used, to protect against the collection, storage, management and use of personal data illegally. Therefore, privacy-protection calculations will be essential.
One of the biggest problems with their market being completely random with digital currency and being out of the mercy of big sharks is the security of most of the wallets out there. Many crypto wallets have only phishing scams that take away your digital assets while keeping you there ‘securely’ or just a little algorithm away from giving them to all your crypto greedy hackers.
This is exactly where BioWallet comes into view. Its advanced and first-of-its-kind algorithm that takes fingerprint lock one step further into the future, BioWallet can recognize veins and their placement on a finger and lock your crypto so that only the right infrared imaging of your finger can open. Crypto Wallet.
Matrix AI Network Biovalet Project
AI and blockchain are important technologies to strengthen even the modern wave of currency digitization. MATRIX combines two elements with a vision to create a decentralized AI economy. The matrix public chain is a growing ecosystem. These include MANTA, a platform for AI algorithm training, MANAS, a distributed AI service platform, MANIA, a platform for intelligent authentication of digital assets and MANITO, a platform for industrial network open services.
One such product of the Matrix AI network is BioValet, a next-generation hardware wallet that works on the principle of finger vein detection rather than print recognition.
According to Mr. Wen Tao, CEO of Matrix, it supports this Unlock your wallet As well Signature of the transaction Using one’s finger veins, thus saving people from the stress of remembering a password / PIN and much more. Theoretically, you don’t lose access to your bio-wallet by forgetting your password.
Finger vein detection works by sending an infrared beam through your finger to get an image of your vein. It uses the latest and greatest biometric recognition technology and you can rely on it to perform it with speed and accuracy. As part of a living organism that exists under your skin and tissues, it is impossible to replicate your veins using inanimate objects. Fingerprints, on the other hand, are easy to copy and you can’t avoid leaving your fingerprints on different scanner surfaces, which can put your resources at risk.
Also, finger vein detection is less affected by the condition of your finger than fingerprint detection. The latter can be affected by water or dirt on the fingers or even skin damage. Not to mention that some people don’t have the distinctive features of fingerprints or even some more extreme people are born without fingerprints.
Biowallet introduces a level of security and flexibility across platforms that has not yet been seen in the Web3.0 algorithm.
Compared to contemporary methods of securing digital resources, BioWallet is better than PC Wallet or ordinary hardware wallet, but not limited to;
- Protection against cyber hack
- Corporate risk
- Private key
- Asset privacy
- Offline signing
- Virus resistance
The things that make Matrix AI networks special are not just BioWallet and its advanced algorithms.
The people behind the Matrix AI network are big enthusiasts of complete decentralization of data, including your social identity. With ongoing projects for decentralized identification (DID), data will be more secure and more flexible than ever before.
The DID project will make the interconnection of platforms easier and more convenient and allow the freedom to forget the passwords of dozens of identities across the Internet and integrate them under one decentralized platform, accessible by the vein of your finger.
Through DID, the government can strike a balance between innovation and law enforcement. Financial institutions can enhance the KYC onboarding experience and end-users can approve shared KYCs and sign transactions easily and securely. Think of protecting digital assets as valuable NFTs that are often risky for theft and even real assets like a huge unused market. This solution could prove and secure the transfer of equally important assets.
Quite ambitious and the path to the future but possible and necessary.
Media Contact: atMatrix_CMTO