Apple is set to announce CryptoKit, a new framework to "perform cryptographic operations securely and efficiently," at WWDC 2019. CryptoKit will be available in Apple's upcoming iOS 13. Apple's team will unveil CryptoKit capabilities in a WWDC session titled "Cryptography and Your Apps" on Wednesday, June 5, 2019.
CryptoKit will allow developers to carry out common cryptographic operations including hashing, key generation and encryption. Developers will now be able to automatically handle tasks that make their app more secure rather than handling them in lower-level interfaces.
According to Alejandro Machado, co-founder at Open Money Initiative, the implications for cryptocurrency developers are significant: "For the first time, developers can leverage the secure enclave to manage a user’s keys in an iPhone, achieving a similar level of security to hardware wallets."
Per Apple, the following key functionality will exist in CryptoKit:
Compute and compare cryptographically secure digests.
Use public-key cryptography to create and evaluate digital signatures, and to perform key exchange. In addition to working with keys stored in memory, you can also use private keys stored in and managed by the Secure Enclave.
Generate symmetric keys, and use them in operations like message authentication and encryption.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.