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SINGAPORE, 29 September 2018 – CryptoSIM Labs, a company on a mission to simplify the security and trust factors associated with existing cryptocurrency solutions, today announced the launch of COSMIC3.io, the industry’s most reliable and secure solution for storing digital assets on mobile devices.
Despite gaining recognition by the financial world of late, there continue to be few opportunities to use cryptocurrencies in the real economy. With a goal of increasing mass adoption of cryptocurrencies, COSMIC3.io provides a secure authorization platform to anyone who owns a mobile device, making it safe and easy to store and transact digital assets.
The first version of COSMIC3.io will consist of:
- Software Developer’s Kit (SDK) for Trusted Applications
- Subscriber Identity Module (SIM) Card
The COSMIC3.io Blockchain employs Practical Byzantine Fault Tolerant for consensus while using existing telecommunication networks to enhance the security of digital transactions.
The COSMIC3.io SDK provides a trusted layer for Mobile APPs and dAPPs to enable users to view and transact their digital assets even more securely.
The COSMIC3.io SIM Card is a Secure Hardware Layer, serving 3 purposes:
- Storing digital assets
- Being the authorization mechanism for Trusted Applications transactions
- Being the account recovery process
Put together, the COSMIC3.io Authorization platform offers users access to the following features:
- Identity features derived from the SIM Card and blockchain
- Private Key recovery with the Digital Twin copied in the blockchain
- Hardware wallet security through the SIM Card
COSMIC3.io is a project from CryptoSIM Labs Pte. Ltd., a company founded in 2018 with a mission to simplify the security and trust factors associated with existing cryptocurrency solutions. The company has the advantage of being backed by Zingmobile Group, a leading mobile technology enabler in the Asia Pacific. The staff has over a decade of experience in the telecommunications sector. Such expertise provides the foundation for the solution. The group holds existing (patented technology and patent-pending technology) innovative Intellectual Properties (IP) which form the core technologies used in CryptoSIM Labs.
To learn more about the COSMIC3.io:
Join our Telegram group: https://t.me/COSMIC3io
Email us: [email protected]
Visit our website: www.COSMIC3.io