AWARD YEAR
2019
CATEGORY
Play & Learning
GOALS
Innovative Financial System
KEYWORDS
Cryptocurrency, wearable technology, fintech
COUNTRY
United Kingdom
DESIGNED BY
Designed by Benjamin Hubert for Layer in collaboration with the Trove start-up
WEBSITE
http://layerdesign.com/projects/trove/
Trove
Unhackable wallet for storing cryptocurrency
TROVE is a wearable device providing a way to store and manage digital currency for daily spending and trading. The system stores cryptocurrency offline on the hardware – rather than online – meaning it is less susceptible to hackers. Users unlock the system using their ECG signature – a biometric method of verification that recognises a user’s unique heartbeat pattern – by touching the contact zone on the front. This activates the bluetooth, which communicates with the user’s smartphone and allows funds to be accessed. Unlike other cryptocurrency wallets, which rely on complex password systems, it is impossible to lose or forget the authentication for Trove. Trove comprises an interchangeable, fashion driven wearable, a simple and intuitive app and an induction charging stand.