IDEX & Chutian Dragon to Develop Digital Currency Solutions

Sente
IDEX 05.05.2021 kl 08:53 2105

Oslo, Norway – 5 May 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, and Chutian Dragon Co. Ltd. (CTD) today announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBioℱ fingerprint authentication technologies.
IDEX is a well-established biometric technologies provider, with competitive advantages in biometric performance, system security architecture and convenience, within the rapidly expanding field of secure payment cards. Chutian Dragon, one of Asia’s largest smart card manufacturers, is a leading participant in the Digital Currency/Electronic Payment National Project initiative and, as China accelerates the deployment of Central Bank Digital Currency (CBDC) infrastructure, well-positioned to be a frontrunner in delivering secure, card-based, digital currency applications. IDEX and Chutian Dragon entered into their initial license and commercialization agreement back in 2019, and have continued to expand the collaboration and partnership to today’s focus on one of the most important initiatives within the Chinese banking community.

By planning and building an infrastructure for mass digital payments, online or offline, China will be providing a solution for the millions of unbanked and underbanked people in China. The card-based digital wallet initiative is intended to be especially beneficial to the nearly 45% of the Chinese population who do not have access to a smartphone, thereby helping to narrow the digital divide in financial services. China’s six largest banks began multi-city trials of Digital Currency/Electronic Payment in December 2020, with enthusiastic consumer response. A mandate to deploy digital currency in time for the Beijing Winter Olympics in 2022 will continue to drive the pace of rapid development.

Fingerprint biometrics are an enabling feature for the card-based form factor of the “digital yuan,” assuring ease of use for safe and secure consumer transactions. Like private cryptocurrencies, central bank sponsored digital currencies, such as the Digital Currency/Electronic Payment initiative, are based on blockchain technology. However, central bank sponsorship fosters confidence in the concept of a digital currency.

Susan Su, Chief Executive Officer of Chutian Dragon, stated, “We are pleased to be working with IDEX Biometrics on our latest Digital Currency/Electronic Payment card products. IDEX’s advanced fingerprint sensors and biometric technologies are already qualified for the card environment and are well suited for payment card based contactless transactions.”

Vince Graziani, Chief Executive Officer of IDEX Biometrics, stated, “The planned rapid deployment of Central Bank Digital Currency in China presents an ideal application for our secure fingerprint sensors and biometric technologies in protecting stored value within a hard wallet. Protecting stored value of digital currency for individuals is recognized as an important use-case in the deployment of Digital Currency/Electronic Payment. Chutian Dragon established position in the Chinese market and its early leadership in Digital Currency/Electronic Payment makes the company an ideal partner for us.”

NOTE: For further information on Central Bank Digital Currency visit the blog section of our website www.idexbiometrics.com/blog/

For further information contact:
Marianne BĂže, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
tuja
05.05.2021 kl 08:56 2074

Samarbeid med People’s Bank of China mĂ„ da vĂŠre super bull.

:)
Sente
05.05.2021 kl 08:59 2051

Jeg tror tidligere kort fra dette samarbeidet har vÊrt med IDX3205 sensor, sÄ det er bra Ä se de fortsetter med Trusted Bio sensoren.
Ingen tall eller tidslinjer oppgitt, men bra Ä se at Idex er fortsatt pÄ ballen pÄ dette proskjektet.
Chutian Dragon inngikk lisens avtale for enrollment sleve patentet til Idex 8 oktober 2019.
Knot
05.05.2021 kl 09:17 1956

Super Bull ? Hva skal egentlig til for at vi kommer over 3 kr igjen?
Her meldes det ene og det andre.. Men shortere klarer gang pĂ„ gang og holde oss nede i dritten đŸ€ąđŸ€ą
Sente
05.05.2021 kl 09:30 1900

Det som trengs for Ă„ lĂžfte kursen er noen tall.
F.eks. Salg av x antall sensorer, dato'er Ă„ forholde seg til...
Det stÄr ingenting om nÄr Chutian Dragon har tenkt Ä kjÞpe disse sensorene, eller nÄr de er tenkt levert. Realistisk sett skal kortene testes i smÄ mengder fÞrst, sertifiseres, sÄ kan volum ordre komme. NÄr vi ikke vet nÄr testene en gang starter, sÄ er det lite positivt i denne meldingen.
Det stÄr mye om den digitale valutaen og datoer rundt denne, men er planen Ä lansere kortene med Idex fÞr OL 2022? Eller skal OL bruk mobil app som stÞtter den nye valutaen?
Slettet bruker
05.05.2021 kl 12:54 1743

Bra innsikt Sente.

Som jeg har skrevet mange ganger tidligere, er jeg overbevist om at IDEX som FPC, og til og med Apple, er rammet av mangelen pÄ halvleder-brikker, og derfor tidligst i 2022 kan levere sÊrlig volum. 2021-Q1 resultatet neste onsdag vil gi en pekepinn. Er 2021-Q1 inntektene vesentlig lavere enn i 2020-Q4, er det neppe positivt for kursen.

https://finansavisen.no/nyheter/teknologi/2021/04/08/7653116/krisen-har-nadd-apple-det-kan-bli-enda-verre
(GRATIS)
Greenguy
05.05.2021 kl 14:07 1687

Hvilken halvlederteknologi brukes for IDEX brikkene? Er vel neppe samme som det Apple bruker i sine telefoner.
poki
05.05.2021 kl 14:14 1674

Chinese banks roll out digital yuan wallets

https://www.nfcw.com/2021/04/06/371520/chinese-banks-roll-out-digital-yuan-wallets/

Chinese banks roll out digital yuan wallets

By Tom Phillips ‱ 6 April 2021
Customers of all six state-owned Chinese banks can now apply for test versions of the banks’ digital yuan wallets as the country rolls out the next phase of its central bank digital currency (CBDC) pilot programme in the city of Changsha.

Peoples Bank of China logo
The expanded trials come as the People’s Bank of China (PBOC) also clarifies its plans for the digital yuan’s co-existence with mobile payments platforms including Alipay and WeChat Pay, the protection of users’ privacy and international interoperability.

The Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications and Postal Savings Bank of China have all now begun distributing their own digital yuan wallets to customers applying to join a “trial white list”, according to local media reports

Pilot expansion

In Changsha, the latest city to join the CBDC pilot, “many banks” are now offering customers ‘red envelopes’ containing between 8.8 (US$1.35) and 20 (US$3) digital yuan as well as “preferential activities in conjunction with offline merchants”, including discounts at designated fuel stations when they open a digital currency wallet, Sina reports.

poki
05.05.2021 kl 14:15 1665

1,4 billioner och nĂ€stan alla ska fĂ„ en alla över 18 kanske 😂
Sente
05.05.2021 kl 14:40 1610

TrustedBio bruker 40nm.
FPC bruker 130nm.
Siden FPC mÄ lage hele sensoren i en chip er de ikke motivert til Ä bruke mindre prosessteknikk, mens Idex off chip gjÞr at de kan krympe silisium behovet og dermed fÄ flere ASIC til sensor per wafer. Eneste begrensingen er kanskje interface koblingene mellom ASIC og sensor.
Redigert 05.05.2021 kl 14:47 Du mÄ logge inn for Ä svare
Sente
05.05.2021 kl 15:35 1539

Liten fun fact om wafer og slikt.
Lekket prislisten for TSMC sier en 40nm wafer koster 2274$. Idex fÄr ca. 6600 ASIC fra hver 30cm wafer.
Dette gir en pris pÄ 0,34USD per ASIC. Sensor substrat og montering kommer selvsagt i tillegg.
Hvis Idex ikke hadde vÊrt offchip hadde de fÄtt 885 sensorer fra hver wafer. Ved 90nm ville dette gitt 1,86USD per sensor, men da ingen ekstra montering.
Usikker hvor mange sensorer FPC fÄr fra hver wafer. FPC har mindre sensor "overflate", men data ark sier sensoren er totalt 13x13mm. Dette kan inneholde en del kobling/montering tilbehÞr sÄ kan ikke bruke dette til Ä estimere pris per sensor.
Kilde sensor antall: https://finance.yahoo.com/news/edited-transcript-idex-ol-earnings-143418867.html
TSMC priser: https://cdn.mos.cms.futurecdn.net/Unwdy4CoCC6A6Gn4JE38Hc-970-80.jpg
MrViggo
05.05.2021 kl 18:52 1365

” Hva skal egentlig til for at vi kommer over 3 kr igjen?”

Det behövs ihÄllande intÀktsökning.