Limerick, Ireland, 14 January 2018 - BitVault, world’s first blockchain phone hones in on Enterprise market.
Embedded Downloads, developer of the world’s first blockchain smartphone announced today that they are intensifying their marketing efforts for the device to large organisations and enterprises.
The company said that it is currently focussing on three sectors and are in advanced discussion with prospective partners and customers.
- Defence Technology
- Financial Technology
- Manufacturers of mobile communication devices
The company has been very active in pursuing customers in this market and the defence sector is a key market for the a product like the BitVault. One of the key markets, in the defence sector is India.
It was reported earlier on PRNewswire, that the company has set up a dedicated sales team in India and also that the company recently announced a strategic partnership with an Indian defence contractor.
Read more here.
Embedded Downloads has also set up a subsidiary company in India to further it’s business in Asia.
The BitVault was introduced to the Fintech community in London at London Fintech week in July 2017 where BitVault was the Gold Sponsor.
The company noted that “Fintech” was a major market for the BitVault® and that there are projects underway with major banking institutions. No further details were provided but the company did announce the formation of the Limerick, Blockchain Mastermind, an initiative by the company to take blockchain to the FIntech and other communities in Ireland.
The next Limerick Blockchain Mastermind will be on 24 January 2018 and will be held at Bank of Ireland, University of Limerick Campus Branch.
Manufacturers of mobile and other communication devices
According to the company this is another key sector as some of the unique security and blockchain features of the BitVault are very attractive to this market.
The company further stated that it was currently in preliminary discussions with a large manufacturer but could not provide any further details as this was under a non-disclosure agreement.
More About the BitVault
The BitVault is the world’s first Blockchain smartphone and crypto communicator providing a secure and safe smartphone experience with its own unique application store with blockchain enabled applications.
The BitVault comes with the following unique features.
Dynamic Key Creation: With the use of biometric identification combined with NFC technology, the user creates private and public keys every time the device is used. These keys are never stored anywhere and can only be created by the specific user. These keys are used for encryption of transactions, communication and other applications on the device.
Secure Calling: The device uses advanced cryptography to enable public key to public key calling. Crypto currency transactions are used to create multi-layer encryptions.
Secure Messaging: The same cryptographic methods are used for secure messaging. BitVault to BitVault messaging is multi-layered encrypted.
Secure Document Transfer: When a user sends a document created on a laptop or a PC via the BitVault® as an attachment, these documents are transferred over a private blockchain separate from the BitVault communication environment. Both the sender and receiver will need to download an application on their respective computers to send or receive documents. Keys to open these documents will be securely transmitted from BitVault to BitVault. In this way, outside documents can never enter the BitVault communication environment keeping it safe from malware.
Secure Browsing: By using blockchain technology the BitVault dynamically verifies websites through a set of confirmation steps. Browsing with the BitVault is severely restricted and controlled with stringent rules to ensure the integrity of the environment.
Cryptocurrency wallets: The BitVault uses cryptocurrency in its applications and also comes with native cryptocurrency wallets.
The BitVault will ship with the following wallets installed: Bitcoin, Ethereum, Bitcoin Cash, EOT.
BitVault Application Store: BitVault comes with its own dedicated application store and is open to enterprise developers. Enterprises could develop proprietory applications dedicated to their customers.
BitVault is owned and developed by Embedded Downloads, with development offices in Limerick, Ireland and New Delhi, India. Embedded Downloads specializes in secure hardware and software relating to the “Internet of Things”.
The company has commissioned VVDN Technologies as design, development and manufacturing partner of the BitVault.
BitVault is a registered trademark of Embedded Downloads and all rights are hereby reserved.
Company name: Embedded Downloads Ltd.
Company site: https://swissbankinyourpocket.
Company contacts: Pat Buckley, Head of Business Operations
University Business Complex
National Technology Park
Tel: +353 61 633241, +353 87 6254473
This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.