Hitachi and Concordium Foundation team up to develop biometric crypto wallet

Hitachi Research and Development Corporation is collaborating with blockchain developer Concordium Foundation to create a "technical proof" for a biometric encrypted wallet. The new wallet will allow users to generate a set of seed words using only fingerprint or facial scan and will not require users to store or remember these seed words. A representative from Concordium stated that users will be able to re-import wallet accounts through a second biometric scan. The wallet is still in the early stages of development and is referred to as a "technical proof" rather than a mature wallet. Once completed, it will combine Hitachi's Public Biometric Infrastructure (PBI) with Concordium's self-sovereign identity framework to create biometric-based accounts.