Trezor Assuming Control of the Chip Manufacturing of Model T Wallets
The famous consumer electronic manufacturing company Trezor has started processing its own chip coatings for its Model T. The company agreed to eliminate intermediaries in the production processes to improve product security and quality. According to Trezor’s press release issued on February 27, the company reveals plans to take control of the manufacturing and supply chain unit to maximize production capacity.
Changes in Trezor Production Process
The worldwide lockdowns and restrictive measures adopted during the COVID-19 pandemic slowed the production processes that adversely affected the operation of Trezor. The prolonged macroeconomic uncertainties necessitated Trezor to take a unique route to overcome the production challenges. Initially, Trezor liaised with STMicroelectronics to improve the production of the chips amid an ailing market.
The press release revealed that during the pandemic, Trezor experienced a labour shortage, a decline in demand and a limited supply of raw materials that prompted the firm to engage intermediaries to remain afloat.
The collapse of the Bahamian crypto exchange that plunged high-profile crypto firms into liquidity crutches compelled investors to place measurable bets on self-custody. The unplanned shift to hardware wallets increased the demand for Trezor products.
Suitability of Trezor Model T
Undeniably, Trezor Model T products have boosted user confidence in crypto due to the distinctive features of the hardware wallet. Hardware wallets are commonly used to safeguard crypto assets, including tokens, private keys and encrypted passwords. In particular, wallets support the security of crypto-related transactions.
Beyond this, the Trezor team revealed plans to improve the security of the hardware wallets by taking charge of the chip manufacturing unit. The tech firm plans to minimize lead time capacity in the coming months to address shipping delays and price fluctuation.
Trezor Model T Roadmap
Based on the February 27 press release Trezor chief executive Matej Zak disclosed plans to integrate new technology into the hardware wallets to improve compatibility with mobile devices. The proposed mobile application will provide Trezor users additional features to boost their experiences. As such, the user can buy and sell cryptocurrencies on the Trezor platform.
In addition, Zak stated that his team plans to launch a new flagship system to improve the wallet’s efficiency. The project team have been tasked to integrate the Bluetooth feature to enhance connectivity to the new application.
The press release revealed that Trezor would prioritize product development to cope with fierce competition in the industry. Meanwhile, the company announced to work the existing workforce to execute Model T strategic plans. Later, Trezor will outsource new talents to support the project to materialize.
As per Trezor’s findings, the new manufacturing approach will necessitate the firm to increase the minimum order quantities. Also, to operate the chip, the consumer will be equipped with the basic knowledge of running the wallet.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at [email protected] if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. CreditInsightHubs is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
