When crypto scams and hacks are raging, securing and protecting personal identities is essential. This absolute necessity pushes certain tech companies to compete in imagination in terms of the appropriate solution. In an interview for Block Stars, Joel Katz, co-founder of Keyless Tech, highlighted innovative solutions in terms of innovative solutions conducive to biometric authentication and cryptocurrency investment.
Crypto trading and digital identity
The blockchain is favorable to all digital identity management activity. Safeguarding it becomes a priority for crypto investors looking for suitable conditions to grow their assets.
Out of ideas to optimize the protection of your digital identity, take a look at this presentation.
” Crypto biometric authentication.
Follow Keyless Tech joining Joel Katz on Block Stars to explore how digital identity solutions could have a big impact on user experience in the crypto industry. »
In a publication published in May 2020 on Ripple’s websiteand updated two months ago on his YouTube channel, David Schwartz and Joel Katz exchanged on biometric authentication and cryptocurrencies. Katz is the co-founder of Keyless, a company specializing in high-tech cybersecurity. Its products and services facilitate theaccess to unique crypto experiences based on authentication and digital identity solutions.
Explanations by Fabian Eberle, co-founder of Keyless:
“When security frustrates the user’s experience, the user keeps using it. Cookie policies and all those pop-ups…just click yes…it’s an added friction to adhere to.
Every day, the crypto trader may be faced with a situation requiring him to give up his passwords. Gold, the level of security of the platforms visited is “very poor”.
Moreover, ” [ils sont] forced to remember dozens, if not hundreds, of passwords and unique identifiers to access our online services, we are constantly faced with this trade-off between the priority given to privacy and security and that given to the commodity. »
To drive home the nails, home workers like particular crypto investors enjoy a minimum of security. The security of their home’s WiFi network is more vulnerable than that of a company’s WiFi network.
Biometrics and Remote Worker Protection
Thanks to Keyless’ innovative solution, companies and teleworkers (crypto traders included) have an innovative solution based on biometrics at their fingertips. This facilitates theadopting passwordless digital identities.
Keyless develops technological devices capable of performing easy recognition and behavioral biometrics with each digital interaction.
This reminds us of a concept developed by the team of Sam Altman, author of The Worldcoin token (WLD) and WorldIDa digital identification device intended for the securing user privacy. Explanations: WorldID wants to distinguish humans from artificial intelligences. To do this, he uses the orbs with which, the mirror of the soul, one can scan the iris.
Which of the two, Keyless and Tools For Humanity, copied the other?
Certainly, their concept may have some similarities, but the aim of Keyless differs from that of Tolls For Humanity, if we take into account the words of Paolo Gasti, another co-founder of Keyless.
” Password resets are expensive. Users whose accounts are locked are expensive, they cannot do their job. Credential mining, credential stuffing, phishing, spoofing are very, very expensive attacks. If there was a better method of authentication, these problems would disappear. We use biometric authentication with privacy to secure key management. »
The barons of KeyLess are very confident in their approach with biometrics to be a game changer especially in the crypto universe. And this universe needs it more than anything because many of the project developers and cryptocurrency traders often have their assets stolen for lack of personal data security.
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