12.07.2024
Two American companies, VivoKey and Dangerous Things, have announced the creation of a new innovative device – the implantable cryptocurrency wallet, Apex. This breakthrough, reported by Decrypt, allows cryptocurrency transactions to be conducted directly through the implanted subdermal chip.
VivoKey and Dangerous Things have long specialized in the development and implementation of devices using NFC and RFID (radio-frequency identification) technologies.
The Apex device, roughly the size of a tablet, utilizes chips implanted under the skin for storing data necessary for accessing cryptocurrencies. These chips can be read by smartphones and other devices, enabling owners to perform financial transactions.
This cryptocurrency wallet is compatible with various cryptocurrencies, with keys stored directly on the implanted chip.
Amal Graafstra, founder and CEO of VivoKey Technologies and Dangerous Things, emphasizes that the Apex concept aims to streamline cryptocurrency operations. The embedded closed key and signature for transactions with Bitcoin or other cryptocurrencies are generated within the device, while the mobile application serves solely as an interface and does not store private keys.
Currently, Apex is compatible with the Satochip wallet, Seedkeeper application, and a specialized wallet for Status IM memory cards, operating across different blockchains. The device costs $349.
Apex represents an innovative step in the field of biohacking, where individuals use technology to modify their bodies. Biohackers apply implantable chips for various purposes, including access control and payment transactions. Amal Graafstra believes that Apex can be beneficial not only for cryptocurrency storage but also for addressing other tasks such as safeguarding personal data.
In early April of this year, a group of developers from the TON ecosystem called TON Society announced a partnership with HumanCode, specializing in artificial intelligence solutions. The main goal of this collaboration is to integrate biometric identification into the popular messenger Telegram. This will be implemented through a mechanism that verifies users' identities based on palm print scans.
The technology is aimed at combating the issue of fake accounts and plays a crucial role in operations such as cryptocurrency airdrops and transaction analysis, where identity verification is essential for ensuring data confidentiality.
Implantable cryptocurrency wallets represent the future of financial technologies. Apex is just the first step in this direction, opening up numerous new possibilities for cryptocurrency users. Implementing such technologies could significantly alter the way digital assets are stored and managed.
As cryptocurrency popularity grows, so does the need for reliable and secure storage methods. Subdermal implant chips like Apex offer a new level of security, as access to them is only possible through physical interaction. This greatly complicates the potential for key theft or loss.
The potential applications of such implants extend far beyond simple cryptocurrency storage. In the future, similar devices could be used for managing access to various types of data and performing other security and identification functions.
However, the development of implantable device technologies raises several ethical and legal issues. The use of implants requires consideration of security, confidentiality, and data protection issues. Appropriate norms and standards need to be developed to regulate the use of such technologies.
One key aspect is the voluntary nature of using such devices. People should have the right to choose whether they want to implant chips into their bodies and should be informed about the potential risks and benefits.
Additionally, data rights issues must be considered. It is crucial to determine who will own and control the data stored on implantable devices and how their protection from unauthorized access will be ensured.
Implantable cryptocurrency wallets like Apex represent an important advancement in financial technologies and biohacking. They open up new opportunities for securely and conveniently storing and using cryptocurrencies, as well as performing other data management and security functions.
However, successful implementation and use of such technologies require addressing a range of ethical and legal issues. It is essential to protect user rights and the security of their data, and to develop appropriate norms and standards regulating the use of implantable devices.
Overall, the development of implantable cryptocurrency wallet technologies promises to change the ways digital assets are stored and managed, making them safer and more convenient for users.
