As reported by Cointelegraph, in an interview with Cointelegraph at Token2049 in Singapore, Jess Houlgrave, CEO of the onchain user experience platform Reown, expressed her belief that the term "crypto wallet" may become obsolete within the next six years. She envisions that users will come to rely on the technology for much more than just storing cryptocurrency by 2030. Houlgrave sees crypto wallets evolving into what she describes as a "life hub," akin to "digital filing cabinets" where various aspects of a user's life, such as medical records, education credentials, and tickets, will be securely stored and managed.
While acknowledging that some users may have reservations about entrusting so much of their lives to a digital wallet, Houlgrave believes that the systems will become significantly more secure, making it increasingly difficult for sensitive information to be compromised, opposed to recent incidents involving cryptocurrency.
Houlgrave further elaborated that the hub's security will become more customizable, allowing users to control interactions between different wallets and domains.
She also noted the potential for users to adopt a hyper-secure approach by restricting interactions to specific whitelisted domains, catering to those who prioritize security in their digital transactions.
In a separate conversation with Cointelegraph at Token2049, Ian Rogers, chief experience officer at Ledger, addressed the growing concerns about security for wallet holders.
He highlighted the increasing sophistication of technology to combat hackers but cautioned that this may not necessarily lead to a decrease in cybercrime incidents. Rogers pointed out a broader trend of escalating cybercrime occurrences globally, predicting that the frequency and complexity of digital attacks will continue to rise.
Rogers emphasized, "You'll be able to say this year was the worst year for cybercrime every year for the rest of your life and be accurate," underscoring the ongoing and escalating threat of cybercrime.
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