Monday, June 18, 2018

Secure elements can hold cash

A SECURE ELEMENT contains a certified microcontroller and embedded software. It is secure, personal and portable and comes in multiple form factors : smart card, USB token, microSD, etc. Eurosmart members manufacture and personalize such secure elements, as well as the software and secure infrastructure around it. Secure elements have a strategic role in protecting digital identities and are vital to ensure digital security and privacy. Eurosmart's Market and Technology Committee analyses shipments and forecasts of secure elements, highlighting new trends and creating adequate segmentation. The figures (given in millions of units) are divided into 5 main areas: 
  • Telecom: SIM cards (secure elements with a SIM application)
  • Telecom: SIM cards (secure elements with a SIM application)
  • Payment & banking: cards issued by banks and retailers for payment services (debit, credit, prepaid schemes…); cards issued by retailers or service providers for loyalty services; and social cards with payment application
  • Government & healthcare: cards issued by governmental bodies for citizens identification (travel, ID and healthcare documents) and online services and cards issued by private health insurance companies
  • Device manufacturers: mobile phones, tablets, navigation devices and other connected devices including an embedded secure element without SIM application
  • Others: cards issued by operators, for transport, toll or car park services (i.e. "Transport"); cards issued by pay-TV operators for decrypting TV signals (i.e. "Pay TV"); physical and logical access cards.

Eight million a year a sold. Telegram will be working the integration of this tech with swap net. Telegram is a great framework for  protecting and monitoring valuable data, the applications go beyond money.

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