THE FUTURE IS HERE: BLOCKCHAIN TECHNOLOGY AND SMART CARD

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T E C H

BLOCKCHAIN W W W . K E L L T O N T E C H . C O M

BLOCKCHAIN AND THE FUTURE POTENTIAL OF SMART CARDS

88% Smart Cards are playing a Critical role in securing Blockchain Transactions. Let us see how.

WHAT ARE SMART CARDS? Are chips which stores data It is readable by machines Embedded with Microprocessors for smooth transactions Mostly found with Credit/Debit Card, SIM, hotel key cards etc.

Applications of Smart Card Technology A smart card is a hardware capable of performing operations such as key pair generation with minimum power consumption in the least possible time duration. The secure key pairs are capable of handling attacks of a critical and advanced nature of blockchain applications.

Smart card technology protects private keys inside hardware with tamperresistant hardware security and interaction restricted to a limited set of commands and responses, which indirectly increases the overall security of blockchain applications.

It provides straightforward access to cryptographic keys. The smart card can be a simple card, USB device, mobile device, microSD, an embedded secure element chip, or a wearable device. These devices enable easy, portable, user-controlled access to the keys for performing Blockchain transactions.

They provide Blockchain applications a secure platform and an established, standardized security evaluation and certification program for protecting keys.

4,000

SMART CARD USERS YEAR AFTER YEAR

3,000

2,000

1,000

0

2014

2015

2016

2017

2018

Percentage Increase

Year2014 Year 2018

20% 70%

Why Smart Cards?

Due to its various industries like HEALTH SECTOR EDUCATION TRANSPORTATION WELFARE TELECOMMUNICATION

WHAT'S NEXT? Blockchain applications are the new oil, but it is crude, and when used with the help of one of the smart technology—smart card—will bring new gold nuggets. Smart cards securely store private keys which are part of the cryptocurrency transactions.

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