Hut34 Goes Live with World’s First Google-Powered Ethereum Wallet and Enhanced Wallet-As-A-Service Offering

Sydney, February 20 2019 – The Hut34 team has gone live with the world’s first Google powered cryptocurrency wallet. With a single click, users can securely, quickly and easily access their Ethereum and cryptocurrency tokens via their own Google credentials. The Hut34 Wallet beta launched late 2018 and since then a raft of exciting new features and functionality have been added to ease the public adoption of emergent token economies.

“We are excited about the future applications of blockchain and cryptocurrencies, but as it stands access to and using the technology is too hard and time consuming. Only the highly motivated are willing to cross the pain threshold to enter the space,” says Tim McNamara, Founder, Hut34. “This discourages consumers and corporates and is a real barrier to broader crypto adoption. We want to help solve this problem and we believe the Hut34 wallet is a critical contribution to crypto infrastructure to bridge this gap.”

Hut34 have developed a better way to provide users with secure wallets that are both user friendly and accessible across any platform, meeting enterprise grade requirements. In fact, they are confident that a better wallet experience will spur the next step towards mainstream adoption in the crypto space.

“For consumers we’ve built a solution that removes many of the friction points people hit. We’ve made sign-in super easy - leveraging the power of the Google and OAuth; removing the need to understand the intricacies of private key management to get up and running,” continues McNamara. “They can then securely store their Ethereum and crypto tokens and take advantage of the user friendly and easy to use functionality.

What’s really important is that we have no access at all to the users funds at any time. The most important question to ask is ‘who has access to the wallet's private keys?’ - the answer should never be ‘the wallet provider’. Leveraging Google’s identity and security models means users can enter the crypto space seamlessly, maintain access to their addresses without having to store complex details, and not worry about anyone within our, or any other organisation getting access to their information.”

In addition the Hut34 developers have launched an incredibly easy to use token conversion tool. This allows users to easily convert between Ethereum and other Ethereum based tokens. A lot of innovative technology and engineering hours went into developing this feature via a ‘decentralised exchange’ protocol called 0x (“Zero ex”). The power of this tech cannot be underestimated as it has removed the need for crypto asset exchange to happen via any third party – which is a potentially risky undertaking. With the Hut34 wallet, your crypto assets remain in your control at all times.

To complement the wallet, Hut34 has also released its “Wallet-as-a-Service” or “WaaS” offering to help businesses get up and running on the Ethereum blockchain quickly and securely with their own custom-wallet implementations.

“As we launched the, free of charge, Hut34 Wallet for individuals, we were also approached by various organisations launching their own blockchain projects. It was immediately apparent that extending our wallet technology to other businesses, would help them alleviate a lot additional development work and expense,” said Peter Godbolt, Co-Founder, Hut34.  

Under this model, wallet services can be white labelled and branded. Corporates maintain the consumer facing interface and features can be enabled at their specification. Using the Hut34 Wallet, businesses can access the strengths of blockchain technology without requiring their development teams to re-skill into challenging new technology.  WaaS is well positioned to enable more businesses and developers to rapidly adopt blockchain technology as this trend gathers momentum.

Hut34’s first deployment of their wallet technology is with OnRamp.tech - creators of Australia’s first regulatory compliant fiat backed token or “stablecoin” called AUDR.  They are also working on other WaaS implementations with exciting new commercial, community, and open science projects including Frankl, TrigID, Solara and the recently launched SevenMile Innovation Lab.

Increased API functionality, DEX connectivity and fiat borrow capacity are also in the development pipeline for release in early 2019.

The Hut34 Wallet is available at https://wallet.hut34.io/

About Hut34

The Hut34 Project is building the tools for the new open data economy. Technology to allow both consumers and corporates to more easily easily control, manage, share, exchange and monetize their data and information. Connecting humans, A.I., bots and IoT sensors towards an open global data and knowledge economy.

Find out more about Hut34 Project here https://hut34.io/

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