Fincard Technical Aspect with Blockchain
A smart card, chip card, or integrated circuit (ICC or IC card) is a small portable computer/electronic authorization device, used to control access to a resource. It integrates a microprocessor, some memory and apps. The circular metal contact is vital to connect to the chip bellow and active the card electrically. It is used in conjunction with a contact or contactless card reader (POS for payments, at the ATM, or even in mobile phone). The card reader (or mobile phone) brings the 3V or 1.8 voltage to activate the chip. Blockchain Technology can be used on Apps or OS development of a smart card.
Smart cards can be used to effectively manage cryptographic keys, thereby enabling efficient and secure transactions in the Blockchain applications. Private keys are stored on smart cards separate from the public keys.
Smart cards are essentially chips that stores data read by machines. They are embedded with microprocessors to allow smooth transactions. These cards are an essential component of most of the credit/debit cards, SIM cards, and hotel key cards and others, which are considered the most common, used forms of smart cards today.
The mode of installation, the architecture, and configuration of the smart card processor play a vital role in determining the cryptographic operation times. The time required for carrying out complex cryptographic operations has been minimized. For instance, signing a 1024-bit RSA modulus [30] would require a fraction of a second, while hash function evaluations are accomplished even sooner.
Smart cards have been in use ever since they were introduced. They have revolutionized the way a business operates.
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.
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. Blockchain applications using smart cards help to earn more revenue with more business growth.
CITP Technical Aspect
34% of total ICO raised fund goes to Trading wallet. Holders, who invested min. $150 during ICO, eligible for CITP Trade community and they are counted as $50 (1 share) invested in Trading Wallet. On the other hand, holders who invested bellow $150 during ICO, will not be eligible for Fintrade Zone trade community, but they can join as trade community member any time after Token launch, depositing min. $100, max. up to $5000 in trading wallet. We are expecting high volume transactions in a single day, our 4% auto Tax adding mechanism from every transaction keeps the Trade wallet fund stable. Every Single trade will be opened by the decision of direct community voting. Fintrade Zone Token intends to give every member a voice, vote and opportunity to propose initiatives.
BLOCKTO-V Technical Aspect
Any downloaded file from internet has no way to verify that it is free from malware or not, it is legit or not. FTZ team is developing an unique featured Blockchain based cyber security Antivirus "Blockto- V " to solve the problem. User can verify any file from internet that it is malicious or not. It is very fast and every node in the network will be able to cheek specific file from internet. Using distributed ledger method, Blockto-V can confirm and verify multi-malware threats secure and faster way.
