Blockchain Journal editor-in-chief David Berlind interviews Adam Lowe, the Chief Product Officer for Arculus, an exhibitor at Consensus 2023, about its digital asset and digital identity platform that allows enterprises to enable employees and users with a single smart card that stores their cryptocurrency keys, their application credentials (eg: Microsoft 365) and even their building entry credentials. The same smart card can even be used as a payments card (Arculus already supplies smart cards to many credit card-issuing financial institutions). 

Lowe explains that smart cards have been protecting keys for decades and have never been penetrated. Arculus claims to be the first to put payments, FIDO keys, WebAuth keys, and crypto-keys all on the same card using the same secure on-card microcontroller. Lowe highlights that enterprises are interested in the solution because no one wants to manage multiple systems to handle each of these different use cases.

David asks Lowe if the card and the infrastructure behind it includes all the technology to manage the multi-party permission structure that enterprises might want to apply to the way they involve multiple managers and executives in the cryptocurrency custody process.  Lowe responds that such permissions should be managed with smart contracts and that Arculus can then integrate with those smart contracts. However, other solutions — for example, one that's emerging from a partnership between Ledger and Etana Custody that was announced at Consensus 2023 — are launching in an effort to help enterprises with such permissions management. Even so, the consolidation of all those capabilities into a single smart card is, in Blockchain Journal's estimation, where things are heading. Even from an employee's point of view, nobody wants to carry three or four physical security tokens when they can just have one. 

Toward the end of the interview, Lowe explains some potential consumer applications: the card could be used as a secure digital identity to access things like email, social media, and banking. He also mentions that the card could be used for government applications such as voting, health records, and digital passports.

To watch the video version of this podcast or read its full-text transcript, go to:
/interview/arculus-offers-enterprises-crypto-key-storage-payments-2fa-system-access-and-more-one/

The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=WLiYcuiVV0w

Arculus Offers Enterprises Crypto Key Storage, Payments, 2FA System Access and More on One Smartcard

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