CES 2016 Preview: Hardware Wallet Ledger Will Be the Only Bitcoin Startup at the Conference

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by Tatsiana Yablonskaya · 3 min read
CES 2016 Preview: Hardware Wallet Ledger Will Be the Only Bitcoin Startup at the Conference
Ledger is planning to exhibit new offerings at CES 2016 including FIDO, a new technology that will strengthen the security of online authentication by reducing the reliance on passwords. Photo: Ledger/Twitter

Ledger will present some of its newest bitcoin solutions at the CES 2016.

Annual International Consumer Electronics Show (international CES) 2016 will take place on January 6-9 in Las Vegas. It’s interesting that the first exhibition of that kind took place in New York almost 50 years ago, in 1967, and since that time has become 10 times larger.

The importance of the show is underlined by such well-known names of the participants as EchoStar, Intel, Microsoft, Motorola, Panasonic, Philips, Samsung, Sony and Toshiba. This year the global event will host some interesting ones. For example, L’Oreal, the company familiar to most women, is listed as one of the attendees. Taking into consideration the specific of the show, it’s hard to say what L’Oreal will be presenting.

Internet-connected pregnancy test is also among the most provoking devices to be announced at the CES 2016. We can predict right now that its efficiency and necessity will definitely be debatable but the fact remains – people will be able to share the pregnancy test results through the Internet.

The company, which name is unknown to the audience, has one more innovation to present – breathalyzer. This device will measure oral health. It helps gathering all the necessary details for “preliminary examination” before the visit to local dentist. When used wisely, breathalyzer can have a huge success.

Despite the variety of goods exhibited during the CES 2016 from such spheres as computer, software, information technology, Internet, electronics, technology and consumer electronics, the only bitcoin startup to participate is bitcoin hardware wallet Ledger.

Hardware products manufactured by Ledger Wallet have already captivated many bitcoin experts. The company is focused on providing a simple but still reliable way to store bitcoin. Its Nano smart card device offers an opportunity to protect bitcoins and make safe payments using a USB. The wallet offers the highest level of security through their microchip and pin code encrypted system.

Ledger will also present the technology called Ledger FIDO. It fulfills stronger authentication using public key cryptography through FIDO alliance, a non-profit organization started in July 2012. During these several years the company managed to transform the nature of online authentication. The thing is that it has developed scalable and interoperable set of mechanisms which reduce the reliance on passwords.

For businesses with larger transactions and payment settlements Ledger has developed Ledger HW. 1, an ideal bitcoin payment solution for multi-signature technology. With Ledger HW. 1 particular departments or key players of companies can keep private keys or passcodes to the wallet as an extra security measure.

Ledger team says: “Suited for enterprise uses, Ledger HW.1 is the baseline smartcard hardware wallet for professional and team needs, a secure Bitcoin wallet for multi-signature transactions. With HW.1 you can store safely your bitcoins offline, and make everyday payments online.”

Samsung has also prepared some exciting piece of news for the beginning of 2016. It announced that its upcoming line-up of Smart TVs as well as its SUHD TVs would be compatible with the company’s Internet of Things platform dubbed SmartThingsThis open platform allows users to operate a host of different devices via their handset and, from this year, their smart TV, rather than via opening and closing individual apps.

“With Samsung Smart TVs working with the SmartThings technology, we have an opportunity to reach millions of households,” commented Alex Hawkinson, CEO and Co-founder of SmartThings. “Applying this technology into current household devices is a major step forward that will make it much easier for everyone to experience the benefits of a smart home,” he added.

Bitcoin News, Blockchain News, Cryptocurrency News, News
Tatsiana Yablonskaya

Taking strong interest in blockchain, cryptocurrencies, and IoT, Tatsiana Yablonskaya got deep understanding of the emerging techs believing in their potential to drive the future.

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