Trezor Chips To Shorten Wallets Supply Cycle
Trezor, a hardware wallet manufacturer, is speeding up the production of new Trezor wallets by manufacturing its own wallet silicon chips.
On February 27, Trezor officially announced that it would begin facilitating the production of its key component, the chip wrapper, in its flagship product, the Trezor Model T.
The move aims to significantly optimise Trezor wallet production, cutting supply cycle lead times from two years to several months.
According to Trezor, the optimization will also eliminate delays in shipping finished products and protect consumers from price fluctuations caused by component supply and demand.
The new business model also gives Trezor more design freedom for future products, allowing the wallet provider to build hardware wallet devices from the ground up.
The announcement comes a year after Tropic Square, a startup run by Trezor’s parent company Satoshi Labs, launched the TROPIC01 open-source chip. The chip generates cryptographic keys, encrypts data, signs it, and authenticates users using digital identification methods. Trezor was reportedly expected to be Tropic Square’s first customer for the product.
(With inputs from Shikha Singh)
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