Technology has changed the way people live and work. In an increasingly technological and digital world, data security is of high interest, especially when it comes to the protection of personal and financial assets. Digital assets have been an extremely sensitive topic as of late due to mounting data security concerns from hackers and the rise of quantum computing, so it is becoming critical for the populous to be confident in their control of their personal and digital assets.
Roman DBDR Tech Acquisition Corp’s (NASDAQ: DBDR) (“Roman DBDR”) merger with CompoSecure LLC is a strategic partnership that brings leading-edge minds and resources together to address data security concerns in the digital asset space. Roman DBDR and Composecure’s merger has combined industry leadership and irrefutable expertise to bring the Arculus™ cold storage wallet to market, a highly secure way for users to buy, sell, store, and manage their digital assets. A key differentiator of Arculus™ in relation to its competition is its enhanced security features.
The Arculus Key™ card and mobile wallet take a nuanced approach to cold storage security with the EAL +6 secure element, FIDO and NFC authentication embedded in the card technology, making private key authentication as easy as using tap-to-pay services like Apple Pay.
Adam Lowe, Chief Innovation Officer at Composecure commented on the security and usability of Arculus™, stating:
Overall there’s a lot of complexity and friction that comes with using current hardware and software solutions on the market. Our goal is to remove a lot of the friction that comes with using crypto today. An example of this would be with the FIDO authentication application that lives on our patented smart card technology. Let’s say you’re in a situation where you’d want to move ten-thousand dollars out of your CoinBase account. Usually you’d need to use a form of multi-factor authentication to transact by logging into CoinBase with your password and PIN by using a third-party authenticator app such as Google Authenticator, while making sure you retrieve that PIN before the app times out…not making it the best user experience. With our app and payment card, you would simply tap the back of the phone which securely authenticates the transaction via the FIDO authentication standard and boom, that’s it. That’s what we mean when we say want to reduce the friction that comes with using crypto.
Additionally, access to the Arculus Wallet™ mobile application requires three-factor authentication, which includes a 6-digit PIN, biometric scan (thumb print or face scan), and a tap of the Arculus Key™ card to the back of your phone. Once logged in, users can buy, send, swap and store multiple cryptocurrencies on demand.
During the initial wallet setup, a series of recovery passphrases is generated. Should you ever lose your card, you can still access your wallet using those phrases until you receive a new Arculus Key™ card, as user accounts are backed up in cloud software.
Sarson Funds regards cold storage security as an essential element in the future of the maturing digital asset space. We seek to provide best-in-class digital asset resources for our community on the most cutting-edge innovations and developments in crypto, and look to equip our community with a multitude of best practices as blockchain technology comes into center stage. For more on Arculus™, please visit www.getarculus.com.