The mobile wallet of crypto coins that combines security with convenience is Portuguese

16th May 2019

Technological solution will be presented on Thursday 23 May at 2:00 p.m. at Startup Braga

This mobile wallet for crypto coins allows the access and management of funds in an intuitive way and with high availability, while maintaining a level of security comparable to that of hardware devices.

Currently, the management of crypto coins involves the secure storage of cryptographic keys, which are the key element for the transaction of funds. According to Francisco Maia, researcher of INESC TEC’s High-Assurance Software Laboratory (HASLab) and one of the promoters of Keyruptive, this is a responsibility from users who up until now only had three options.

“One of the options available to users is to store their keys on third party platforms, which results in a loss of control over them and the exposure to problems deriving from those platforms. It should be noted that losses related to security problems in this type of solutions already go up to several million euros. The second option would be to store the keys in a specific device, for example in a telephone or a computer, while the loss of that device implies the loss of funds. The third option, perceived as the safest one, is the use of a specific hardware, but it has the inconvenience of being extremely difficult to use and to prevent an everyday use”, explains the researcher, showing how the need to develop a new solution for this area emerged.

This technology offers the ability to give users full control over their funds and information and, at the same time, the ability to use services that enable their management in a convenient, easy and useful way. The potential impact of the technology is to be a vehicle for the true digitalisation of money and its management.

Keyprutive allows the decentralised and secure storage of information, thus offering high security levels, while at the same time allowing the access to information at any time and place, with the convenience of a mobile application.

The presentation of this technology will be on Thursday 23 May under the scope of the 6th edition of Startup Braga's acceleration programme. One of the goals of Keyruptive’s presence in this event is to raise about EUR 400 000 in order to continue to develop this technological solution. The team of researchers responsible for Keyruptive believes that this solution will make the crypto coin markets more accessible.

However, it’s already possible to learn more about this application and to become an exclusive member of this technological solution here: http://keyruptive.com/