Matrix Announces BioWallet Earning More Crypto Funds

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Hong Kong, June 23, 2022 (GLOBE NEWSWIRE) — Matrix Introduces Latest Crypto Security – BioWallet With the advent of cryptocurrency, security has become a top concern for many people and Matrix has created a new biometric wallet that these requirements met these needs.

The Matrix BioWallet uses the unique veins on the finger to unlock and sign transactions. This technology allows you to access your wallet without using a password or PIN. This feature helps you stay safe while securing your crypto assets. As a bonus, it also eliminates the need to remember a password or PIN. By using biometrics, your wallet is more secure than ever.

Another advantage of Biowallet is that it is backed 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’ll have access to a wider range of security features. The biowallet also includes a user-friendly interface and an optional fingerprint reader. The new security system allows you to keep your private keys and crypto assets in a safe place.

Rapid advances in web and telecom technologies have triggered a significant shift in enterprise value toward the burgeoning digital economy, accelerated enterprise digital transformation, and fueled the adoption of Industry 4.0 and Web 3.0. Today, the ability to fully realize the commercial potential of data is the key driver of value creation in the digital economy, and advances in artificial intelligence (AI) are the biggest competitive advantage when it comes to gaining insight into data.

The data economy is only now waking up to the big problem that is a lack of robust data management solutions. To increase data connectivity and enable a disruptive wave of growth in the digital economy, blockchain is now delivering a powerful answer.

Matrix AI Network is a leading provider of end-to-end, enterprise-level data management solutions with high security, interoperability and performance thanks to a foundational combination 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 wasted resources are four main blockchain problems that we are tackling with AI technology. We have built a public blockchain platform that is both functional and reliable.

The Matrix 2.0 is building a blockchain-based AI economy based on data, computing power and AI models. We are building a self-evolving AI platform with aggregated processing power, secure data governance, transparent data sharing, and access to an ever-expanding set of on-chain AI data, models, and applications.

User data includes but is not limited to information about their identity, biometrics, behavioral patterns, social relationships, assets, etc. Users’ relationship status and brainwave patterns can also be useful to collect. The constant updating and production of private user data will be essential to the Metaverse, both as a fundamental resource and as a means of production. Therefore, to protect private data from illegal collection, storage, management and use, we need to develop technical solutions and regulations to control how data is used. Therefore, privacy-preserving computation will be essential.

One of the biggest issues with digital currencies, aside from the fact that their market is completely random and at the mercy of big sharks, is the security of most wallets out there. Many crypto wallets out there are merely phishing scams that will wipe out your digital assets once you’ve “safely” placed them there, or are just a small algorithm away from giving all your cryptos to a greedy hacker.

This is where BioWallet comes into the scene. With its advanced and unique algorithm that takes fingerprint locks a step further into the future, BioWallet can detect veins and their placement in a finger and lock your crypto so that only the correct infrared image of your finger opens the crypto wallet.

Matrix AI Network’s BioWallet project

AI and blockchain are significant technologies to power the modern wave of digitization even of currencies. MATRIX combines the two elements with the vision of creating a decentralized AI economy. The public matrix chain is an ever-growing ecosystem. It includes MANTA, a platform for training AI algorithms, MANAS, a distributed AI service platform, MANIA, a platform for intelligent authentication of digital assets, and MANITO, an open services platform of industrial networks.

One such product of the Matrix AI network is the Biowallet, a next-generation hardware wallet that works on the principle of finger vein recognition rather than fingerprint recognition.

According to Mr. Owen Tao, CEO of MATRIX, it supports the Unlock your wallet as well as Signing Transactions with finger vein, saving people the stress of having to remember a password/PIN, and more. In theory, you would never lose access to the bio wallet by forgetting your password.

Finger vein recognition sends an infrared beam through your finger to get an image of your vein. It uses the latest and greatest biometric recognition technologies and you can count on it to do it quickly and accurately. As part of a living organism that exists beneath your skin and tissues, it is impossible to replicate your vein using non-living objects. Fingerprints, on the other hand, are easy to replicate and you cannot avoid leaving your fingerprint on different scanner surfaces, which could put your assets at unwanted risk.

Also, finger vein recognition is less affected by the condition of your finger compared to fingerprint recognition. The latter could be affected by water or dirt on the finger or even skin damage. Not to mention that some people don’t have distinctive fingerprints, or even more extreme, some people are born without fingerprints.

The Biowallet introduces a cross-platform level of security and flexibility unprecedented in Web3.0 algorithms.

Compared to its contemporary methods of securing digital assets, BioWallet performs well against PC wallets or ordinary hardware wallets on all factors including but not limited to;

  1. Protection against cyber hacks
  2. corporate risks
  3. private key
  4. Asset Privacy
  5. offline signature
  6. virus immunity
  7. anti-counterfeiting

The things that make the Matrix AI network special are not just the BioWallet and its advanced algorithm

The people behind the Matrix AI network are big enthusiasts for full decentralization of data, including your social identities. With ongoing Decentralization Identification (DID) projects, data is becoming more secure than ever and more flexible than ever.

The DID project will make connecting platforms easier and more convenient, enabling dozens of identities on the web to forget passwords and unite them under a decentralized platform accessible with finger veins.

DID allows government to balance innovation and law enforcement. Financial institutions can enhance the KYC onboarding experience and end users can authorize shared KYC and sign transactions easily and securely. Think of protecting digital assets, like valuable NFTs, which are often vulnerable to theft, and even physical assets, which represent a huge untapped market. This solution can prove the origin and just as importantly, the transfer of wealth can be secured.

Pretty ambitious and far into the future, but possible and necessary.

Website: www.MATRIX.io

Media contact: @Matrix_CMTO

Telegram: https://t.me/matrixainetwor


        
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