KeychainX - Crypto Recovery and Beyond - TOKEN2049 Singapore 2022

uh hi thanks for coming I'm gonna talk about our company kitchen x what we do and what we will be doing in the next year or two uh uh basically if you have a wallet that you lost your crypto and uh you have a password that doesn't work or you have a blockchain.com account that you cannot access we are the guys that you contact and we can help in most situations I'm gonna go through them all uh also what we have been uh working lately is a patented wallet called xfax which is not released yet uh what the Xbox does it takes away the password problem uh which means you are the password so how we're doing it is we're doing different measurements from your body or GPS signals so let's say you have a favorite restaurant you can create a wallet at that location and only access it at that location and we're also launching next year something called the wrs which will be a decentralized recovery service which means everyone who has been mining ethereum until now uh they're not mining ethereum they're mining something else but what they would be able to do uh in the future uh is to log into this system and use the GPU power to try to work on wallets so our history we we incorporating the us a couple years ago but since then moved to Switzerland we have also Incorporated some other jurisdictions we received our patent in the U.S in April uh this year and in Japan just last month we also received another patent last week and thus we're gonna do uh in in the coming where a year or two work on the Xbox wallet currently we have opened more than 300 wallets uh on a good day we can open 10 wallets uh the largest wallet we work on right now is not the guy you mentioned it's someone else uh and there is a couple of wallets in that rage that we are working on uh how does recovery work and what can be recovered first of all if you have a treasure it's possible to recover the seed from the treasure if you have a passphrase to that treasure we can recover that as well uh if you forgot the pin depends how new the treasure is if it's updated with the latest software it's pretty hard to stay possible uh if you have a blockchain.com account uh where you have the wallet ID but you forgot the password or you forgot the second password maybe even forgot the wallet ID but you have the email then we can help you recover uh the password if you have a computer that's uh been dropped into water or a phone that that you forgot the password to or pin we can do that uh metamask is another type of wallet that is self-custodial but the problem with metamask it's very buggy so if you upgrade your wallet or if you if your computer ran out of uh of memory on their drive then metamask stops working if you have a paper wallet like in the beginning of history of Bitcoin a lot of people use paper wallets and then the few numbers of that private key got scratched out we can help you with that and of course Json file which is uh the standard format for ethereum wallets like the ethereum pre-sale or or if you're running a node yourself get we can do that as well so what is xvax Xbox is basically taking some of your data and we're generating a private key from that you can also mix the data so let's say you're in specific location and you can mix that with your biometric data like your face or three fingers usually one finger is not good because one in 50 000 people have the same fingerprint we have probably like 18 different parameters that you can use like uh time of day temperature outside and a few things that are not possible today but probably will be in the future like sample of your blood or smell whatever [Music] um and all those can be combined to a private key that later on if you are not sure how to store it or if you want to be safe we also have a patented social recovery which means we speed up the private key and you send part of it to your friends and then if you want to get it back just four of them needs to be in contact and you get your private key back uh what we're working on in the future uh for this Xbox is we have started to work on encrypted communication between nfts because today some people use nfts as their social ID instead of an email or phone number you have an nft so imagine that you call Ape number 732 from your crypto Punk then you don't really need to know who that person is but you know their their ID we also uh work on uh time log transfers let's say you want to give your kids some some ethereum or Bitcoin but you want to wait until they're like 25 so you can make a transaction that is locked for a period of number of blocks or a valuable so let's say you don't want to get tricked into selling Bitcoin when it's 100 000 you want to wait until it's 1 million so you can encrypt that in as well in the transaction and also we uh we're working on a white list and this is both from a security measure like you don't want people to interact right now with tornado cash so maybe you want a black block those addresses so the people don't spam you uh or if you have a valuable nft you don't want someone to harass you and so on so basically it's like a white list uh the next thing I'm going to talk about is the wallet recovery service so basically what it is is you need to access it through your meta mask that is because we don't want to get spam so let's say you have a bot Army of 1 million Bots if there will be just accessing the the system then it will be just jammed uh uh so it's like a threshold so basically a person who has lost access to their private keys they upload uh the data uh and they signed the contract they write the hints to their wallet and they approve the fee which will be adjustable so usually we charge 20 but for some wallets we charge up to 50 so it's also depending on how fast you want us to work on your wallet so once you have supplied the data to the system uh what we do is from the data we generate a hash that we send out to people who like to work on it Ash means it's a representation of the encrypted wallet that cannot be used to access the wallet so if someone finds the password they will not be able to use that password to move the funds out and once the password is found and the other people in the network will be notified that the world is open so they don't need to work on it and then just a representation how we speed up the funds depending on what parameters you agree to and afterwards if anyone is interested to ask me questions or if you want to contact me there is the telegram the web or the email thank you