The Future of Crypto Wallets: Trends and Innovations l KBW2024

hello everyone thank you very much for coming to this keynote speech and thank you for having me here today uh at the career blockchain Vic I'm very glad to join you uh my name is Daria I'm Business Development lead at tangum wallet one of the most popular and secure Hardware wallets and I'm glad to share with you today some recent trends that are uh in Hardware vets industry that helps to stimulate Mass adoption of crypto well so let's get started uh Hardware wallet nowadays it's uh actually much more than a hardware wallet that helps you to secure your crypto overall the cryptocurrency industry uh and Hardware wallets nowadays they are like a secure world that help you to um secure uh to store secure your assets but uh well so first things all first things first let's start with the security uh there is also another uh approach actually uh another big thing in the hardware wallets it's a seat phrase something that found sensey at the first side but uh in fact sometimes it's a real big headache so SE phrase it's like an access code that helps you to access your cryptocurrency in your digital world or Hardware wallet but imagine what happens if you forgot your secret code or if someone sneaky gets hold of it not fancy right so uh I would love to share with you something totally Innovative today uh tangent wallet solution that has introduced a totally seedless Hardware wallet so um actually seed price today uh it's uh something that is a big barrier towards Mass adoption of crypto and we often hear negative news about uh and leakages of private keys in media and unfortunately many people don't dig very deeply into the reasons of those hacks and they don't reveal that in most of the cases the reason of that is the improper management of their private Keys uh so uh usually uh the mistakes is mostly human so tangum did a great job in introducing a seedless solution and to help uh it helped to solve the problem uh this measure R risk of security and mass adaption in cryptocurrency and uh convenience of usage of Hardware wallets tangum wallet uh actually works very simply uh and its approach is the following no seat phrase no problem anymore tangum wallet uh is a set of three cards with a chip inside a secure element inside the chip the private a random private key is being generated and is never exposed in an open format this private key uh and the rest of the cards they establish secure encrypted connection between each other and uh the private key is being transferred from One cart to another cart that you use as your backup finally uh no one knows what is your private key because it's never exposed in in the open format and uh since that you are never able uh to share your private key with anyone that's the secret yeah so um the private key is kept just in three copies and no one knows uh what it is neither you neither tanm neither any third parties and you are never able to give yourself this uh chance to make a mistake and to share your seat face with someone actually there are many inevident ways how you can share your seat phras um mistakenly and it's some kind of time bomb that can uh later or sooner explode on the user and you will never know when how exactly you did it so uh this is the first um the first big Trend that tangum volent reshaped and introduced into the wallet and we believe that more and more companies will adopt this approach uh to seedless Hardware wallets to help their us uh the users to enter the crypto space more easily uh and uh to protect their cryptocurrencies with peace of mind the next uh big Trend I would love to talk uh talk about is the Simplicity and uh easy uh and user friendly use experiences in tangum wallet um userfriendly Y is not just a feature it's a game changer actually uh it to get started with crypto and to to start to use a hardware wallet shouldn't feel like the coding ancient hieroglyphs it should be as easy as ordering pizza and tangum uh eliminate lots of steps not only the seat phrase uh but also some additional additional plugins USB uh cables batteries that may be complicated for the users to get started their experience with Hardware bulets Dum wallet can be activated in just three minutes and uh it's so easy that one of our ambassadors even made a video when he like let's say social um challenge where he approached random people in the streets that don't have uh any relation to the web industry and don't know anything about crypto so he gave them tangum wallet cards and he asked them to activate the wallet intuitively by themselves without any guidance and instructions and guess what they actually did it very simply uh by themselves in uh even less than three minutes and I would love to show you some of the shots from the video Kum created with her latest greatest product a really simple way to set up a crypto Hardware wallet for people in the blockchain and crypto space without spending days of setting up that but is it really that user friendly and that simple how everybody explains that is what I like to figure out today here in the United States at the war Neighborhood Market hey how you doing oh good how are you hey I'm good thank you for asking my name is David I'm a German content creator uh I got a little experiment um if you got four to five minutes I would like to do a little test regarding blockchain and cryptocurrencies and if you pass this small task you can probably get 25 bucks for free okay [Applause] [Music] [Applause] [Applause] maybe this is where in a couple of years a million we don't know we'll find out by what's your name Shannon Shannon my name is David D nice to meet you really appreciate it thanks buddy okay have a good one you too bye bye see you well so now we have a real uh illustrations how easily can we embo new users into the crypto Space by providing them easy U access and uh uh simple uh Simple Solutions like card sh Hardware bulets like tanum so now you can uh try to do own social experiment and try to give tangum cards to your grandma and to see how fastly she will be able to activate it and to get started buy Bitcoin and start her journey with cryptocurrency now let's move forward and the next uh big uh big step into the future of crypto wallet that tangum uh did and introduced recently is the reification of form factors why are we actually uh constrained to think of a hardware wallet like the format of USB key uh actually we have recently introduced a totally new approach it's a ring-shaped hardware wallet that you are able to wear always with you on your finger and to have access to it uh no matter where you are and what you are doing uh this something that brings uh actually leaks uh Le leaps uh web 2 and web 3 and helps to adapt uh new users and to un board them into cryptocurrency and to get started with crypto more easily and fastly so uh basically uh in this approach of the variable devices here at tangum this project has evolved from the idea to make uh cry crypto wallet accessible and convenient on the everyday basis so no matter where you are whether you are in the gy or in a swimming pool or just out and about you will always be able to uh access your cryptocurrency directly from your finger and to send transaction from your ring directly by tapping the car to the ring against your phone uh let me show you uh our teaser in more details how exactly the product looks like [Music] we hope that you like it and if you would love to have a try and to see some prototypes of tangum rings feel free to visit our boost in level will be one and we will be able glad to show you some uh real examples of the ring so that's uh another big step forwards of the future of crypto wallets that tangum recently introduced and uh now we see a big competition on this and we see that other Hardware wallets are also trying to follow these Trends and to diversify their Hardware wallets uh um form factors and we believe that this approach will allow uh Hardware wallets to make them more accessible and more simple and to stimulate more people to store their assets securely on simple everyday and convenient devices like just a ring the next Trend I would love to highlight is connectivity nowadays Hardware wallets are not just a secure worldall for your digital assets and they deserve much more than just being on a shelf for years today you can solve any problem you you want from your Hardware wallet without any transfer between hot wallet and uh Hardware wallet and thanks to um extensions like metamask and wallet connect nowadays it's possible to uh get access to your favorite apps directly from your Hardware wallet uh in Tangent wallet especially uh the whole interface and the user experience helps you to uh replace all the previous wallets you had the hot wallets uh the exchanges account that you might have and to replace them with just one secure solution uh that um that keeps the level of Hardware wallet uh security and also to combines the convenience is of use uh and you are able to access your assets really fastly no matter where you are if you would love to get connected to an nft Marketplace or defi project to exchange trading platform you able to do it directly from your ring and this connectivity and uh like ultimate solution for every need in your in your in the crypto space is another Trend that currently Hardware wallets are experiencing in tangum in particular we have introduced our own sub product which is called tangum Express and inside the wallet we have our own aggregator that integrates with various providers exchanges uh on faton ramp and of ramp Solutions with taking platforms that help our users to access this functionality uh directly from their Hardware wallet without need to go to any other third platforms and to leave their wet uh another big subject that worth mentioning uh in the industry of Hardware bullets is uh open source it's something that we hear every day in every marketing messages and PR materials when we talk about Hardware wallets and many people believe that uh open source is uh the key to security and uh uh Trust forness of the project however it's not always working like this and uh what I would love to highlight here is that when it comes to the firmware Hardware vallets usually keep their software and application open source to provide the code of the app and to to uh to make sure that there is no back doors however the firmware is always closed source and this is the industry requirement because uh the more information you share about the encryption uh the technical side of the product to the inner world the more hints and the more information you provide to potential Hawkers to break down your system uh so um I advise you not to uh be misled by the claims of Open Source and to be consent that from where of Hardware wallets should always stay close Source since it's a cure element inside and every Hardware wallet needs to have it so uh the other Trend that uh we see in the future is the importance of independent auds for Hardware wallets because how else can Hardware wallets prove that everything that they claim about their Pro product is actually truth it's uh so here are the independent audits that come into the game and to help to um ensure the users that the technology behind the wallet is secure so we believe that the um popularity of security audits will increase and the cost of reputation companies as well finally uh the other big Trend that I would love to share with you today is personalization and C branding the users of today they're looking for uh something that resonates with their values with their lifestyle and preferences and they love uh sometimes to diversify as well and to use several Hardware wallets and even if they love it sometimes even from the same brand so how can uh a person identify among many various um Hardware wallets that look exactly the same which of them is actually his own one let's imagine a situation that everyone in your family uses the same Hardware wallet so how can you make sure that uh the wallet that you use is not the one from your grandma that we have just seen who just started her journey with scripter so uh here uh the solution is the diversification of uh the design and branding we in tangum has a have a very wide range of uh limited edition designs that we created in collaboration with various projects like shron Foundation kaspa baby Dodge and uh we see that many our users really love to collect the wallets and they use uh various of them for different purposes for example they may have one separate wallet for their everyday transactions the other wallet for defi platforms third one for True loan storage as it's supposed to be with a hardware wallet and uh let's say a first one for trading so personalization and brandings uh is something that help you to identify every wallet and also to to find a product that really resonates with your hobbies with your preferences and with your lifestyle so um this is the last Trend I wanted to share with you today thank you very much for joining this session and we I I invite everyone of you if you would love to continue this conversation about the recent Trends in Hardware buet industry and to learn more about our solution about tanum Ring about possibilities of C branding integration with our products so feel free to visit us at our branded boo which is in level B1 and our wonderful Partnerships team will'll be glad to welcome you there thank you thank you very much Daria for that fascinating