Bitfold would not be possible without EU funds
Bitfold R&D sp. z o.o. with its registered seat in Lodz is implementing a project entitled “Bitfold - an innovative hardware wallet for private keys in blockchain technology and other asymmetric cryptography applications”
The project is co-financed by the European Union from the European Regional Development Fund under the Smart Growth Operational Programme 2014-2020, Priority Axis 1 Support for R&D activity of enterprises, Activities 1.1.1 R&D projects of enterprises, the National Centre for Research and Development (NCBR) competition 1 / 1.1.1 / 2020 Fast Track 1_2020.
Project value: PLN 27,314,117.38
Co-financing value: PLN 21,370,765.05*
Co-financing agreement: No. POIR.01.01.01-00-1101 / 20-00 of December 23, 2020.
The Project aims to develop a globally innovative hardware wallet for private keys in Blockchain technology and other asymmetric cryptography applications. Bitfold will be a stand-alone mobile device with a dedicated operating system and software, enabling the safe storage of asymmetric private keys and signing transactions in a way that combines the highest security and maximum convenience. Bitfold will enable user-friendly and fully secure (immune to cyberattacks) storage and use of private keys used for signing (authorizing) transactions, including transactions on cryptocurrencies (primarily Bitcoin and Ethereum) and electronic authorization of digital identity. The product will be an innovation on an international scale.
* The presented amount of funds collected includes funds resulting from the co-financing agreement with the National Center for Research and Development No. POIR.01.01.01- 00-1101/20-00 concluded on December 23, 2020 by Bitfold R&D sp. z o.o. with its registered seat in Lodz. It is reserved that the payment and settlement of the amount of the above- mentioned co-financing depends on the approval by the National Center for Research and Development of the stages of the project.