Introduction
Blockchain Technology, known for assisting governments in building judicial alliance chains, has expanded its cybersecurity solutions beyond email verification (ChkSender) to enterprise-grade contract certification platforms (BlockChain Sign) and digital evidence services (e-Attestor). In December 2022, they launched M-KEY Safe Vault, a cryptocurrency vault system designed for organizations managing large volumes of virtual assets, including enterprises, institutions, and law enforcement agencies.
Unlike traditional cold wallets (offline devices) or hot wallets (online apps/desktop software), M-KEY Safe Vault integrates multi-layered security, such as:
- Post-Quantum Cryptography (PQC): Uses FrodoKEM to resist quantum computing attacks.
- Hardware-Protected Key Fragments: Stores encrypted key chips in USB dongles.
- Multi-Person Authorization: Requires layered approvals for transactions.
This system supports secure withdrawals, transfers, and regulatory compliance for cryptocurrencies, NFTs, and other digital assets. It also offers APIs for developers building key-protected wallet services.
Key Features of M-KEY Safe Vault
1. Multi-Chain Support
- Compatible with 14 blockchain networks, including Bitcoin and Ethereum.
- Manages tokens (BEP-20, ERC-20) and NFTs (ERC-721, ERC-1155).
2. Customizable Vaults
Users can:
- Select blockchain networks.
- Assign wallet administrators.
- Set multi-tier approval workflows (e.g., thresholds for consensus).
3. Dynamic Key Generation
- Keys are dynamically created from user-defined fragments + proprietary algorithms.
- Eliminates risks of pre-copied private keys in factory settings.
4. Secure Backup & Encryption
- Generates wallet seed phrases encrypted via AES, FrodoKEM, and RSA.
- Stores ciphertext securely to produce vault addresses.
5. User Management
- Roles: Admin, vault managers, auditors, backup key holders.
- Whitelisting for approved withdrawal addresses.
6. Authentication Methods
- Biometrics (facial recognition, fingerprint via dongle).
- OTPs and FIDO passwordless authentication.
How It Works
Step 1: Device Pairing
- Link hardware dongles via mobile app (iOS) or Chrome extension.
Step 2: Content Fragmentation
- Upload "fragments" (text, images, audio, or digital signatures).
Step 3: Identity Verification
- Use biometrics or OTPs to authenticate and generate key chips.
Step 4: Approval Workflow
- Requires consensus from designated personnel to authorize transactions.
Step 5: Transaction Monitoring
- Track withdrawals via a web dashboard with audit logs.
FAQs
Q1: How does M-KEY Safe Vault differ from traditional wallets?
A: It replaces single-point vulnerabilities with fragmented keys, quantum-resistant encryption, and multi-person governance.
Q2: Can it integrate with existing crypto services?
A: Yes, via APIs for custom wallet development.
Q3: What happens if a hardware dongle is lost?
A: Key fragments are backed up securely; recovery requires multi-party approval.
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Product Specifications
| Detail | Description |
|---|---|
| Vendor | Blockchain Technology |
| Supported Assets | 14 cryptocurrencies, BEP-20/ERC-20 tokens, ERC-721/ERC-1155 NFTs |
| Authentication | Biometrics, OTP, FIDO |
| Pricing | Contact vendor (varies by deployment: on-premise/cloud) |
Note: Specifications and pricing are subject to change. Confirm details with the provider.