Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)

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Application and Research of Hard Wallet Business Based on Smart Contract Technology

Authors
Tong He1, *, Yimeng Li1, Yongjie Li1
1State Grid Huitongjincai (Beijing) Information Technology Co., Ltd, Beijing, 100053, China
*Corresponding author. Email: hetonghb@163.com
Corresponding Author
Tong He
Available Online 4 December 2023.
DOI
10.2991/978-94-6463-304-7_6How to use a DOI?
Keywords
Smart contracts; Hard wallet; Blockchain
Abstract

The application of smart contract technology in the field of cryptocurrency has attracted extensive attention. A hard wallet is a device for storing encrypted money, and its private key is usually stored inside the device. However, there are still some challenges in the security and reliability of hard wallets, such as the damage, loss or theft of equipment. Smart contract technology can provide a new method to enhance the security and reliability of hard wallet. This paper introduces the application and research of hard wallet business based on smart contract technology. Firstly, the basic concept and principle of smart contract technology and its application in the field of cryptocurrency are introduced. Secondly, the basic principle and existing security risks of hard wallet are discussed. Then, a hard wallet solution based on smart contract technology is proposed, and the design and implementation of the solution are introduced in detail. Finally, through the test and evaluation of the scheme, it is proved that the scheme can effectively improve the security and reliability of the hard wallet.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
4 December 2023
ISBN
978-94-6463-304-7
ISSN
2589-4900
DOI
10.2991/978-94-6463-304-7_6How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tong He
AU  - Yimeng Li
AU  - Yongjie Li
PY  - 2023
DA  - 2023/12/04
TI  - Application and Research of Hard Wallet Business Based on Smart Contract Technology
BT  - Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
PB  - Atlantis Press
SP  - 46
EP  - 53
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-304-7_6
DO  - 10.2991/978-94-6463-304-7_6
ID  - He2023
ER  -