Developments

Apple unveils CryptoKit with a possible wallet implementation

During this year’s annual worldwide developer’s conference (WWDC), Apple unveiled CryptoKit to accompany the new iOS13.

The framework is aimed at allowing developers to perform a cryptographic operation with greater efficiency. The release drove speculations that Apple may offer in-built support for cryptocurrencies in its new iPhone range. Apples coreOS security team leader, Frederic Jacobs, said that more details would be unveiled soon.

In a tweet, Jacob said:

“Want to know more about performing cryptographic operations in your apps? Come to our session on Wednesday! We have exciting updates to share with you!

We’re looking forward to sharing more about CryptoKit, a fast and secure Swift API to perform cryptographic operations.”

Crypto kit will allow developers to use public-key cryptography to evaluate and create digital signatures, use private keys, perform key exchange and manage secure enclave, then later a separate processor that Apple uses to handle sensitive information.

The CryptoKit will also equip developers with a new tool for cryptographic functionality; this means that the app developers can integrate operations like key generation, encryption and hashing. Particularity, CryptoKit will facilitate the use of private and public key management.

Victor Radchenko, the founder of Trust wallet, acknowledge the move as a step towards the iPhone becoming hardware wallets.

Radchenko said in a tweet:

“Apple announced CryptoKit for iOS 13, only a few steps away before you can turn your phone into a hardware wallet.”

Introducing native support for digital assets would be a logical move for Apple. Its competitor, Samsung, has already embraced crypto integration in its galaxy S10 smartphone launched early this year. The increase in blockchain smartphones, and the increased acceptance of cryptocurrencies for retail payments such as being able to pay at whole foods and Starbucks add to bringing virtual currencies closer to the people.

Do you think Apple’s entry into the crypto scene will boost adoption?

You may also be interested in:

Samsung budget smartphones will have crypto and blockchain features

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coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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