Austrian State Printing House’s subsidiary Youniqx Identity AG has come up with a cryptocurrency cold wallet.
According to the July 29 press release, Chainlock (the hardware wallet) acts as the private keys offline storage which facilitates easy accessing of cryptocurrency wallets. Basically, this is a heat and water-resistant device that generates the private key.
Central Europe’s Coinfinity and Singapore’s Tokenize Exchange are the firm’s partners that facilitated the development of the wallet.
Per the release, the Printing House specializes in document manufacturing that “implements and offers personalization solutions for identity documents such as the highly secure Austrian passport.”
The firm’s motive of founding Youniqx last year was to expand its operations in the digital identity space.
Alongside the hardware wallet, the subsidiary was also able to develop an identity management app and a video identification service.
The German multinational corporation supporting the Mercedes-Benz brand Daimler entered into a partnership with a European startup engaging in blockchain interface solutions Riddle & Code to develop the open car hardware wallet solution easily.
Earlier in the month, Siemens — a self-proclaimed global giant in electrification, digitalization, and automation — said it is exploring ways to adopt blockchain-based solutions primarily in the transportation sector.