Samsung Electronics has filed a U.S. patent application for a digital asset wallet system that uses smart contracts to let devices initiate crypto transactions without directly storing or using a private key.
Summary
- Samsung has filed a US patent for a digital asset wallet system that lets smart contracts handle parts of the transaction process without individual devices directly using private keys.
- The proposed system verifies a device’s assigned address and authentication information through a smart contract before processing a digital asset transaction.
- Samsung’s patent allows multiple devices, including smartphones, computers, wearables and home appliances, to take part…
