“There is a better way,” begins Mike Engle, Chief Strategy Officer at 1Kosmos. “We can cryptographically prove our identities with the push of a button, it is that easy today.” 1Kosmos is at the vanguard of providing a seamless and cutting-edge solution to enable users to go passwordless and prove their identity in a frictionless manner through their revolutionary Block ID.
Welcome to the Future – The BlockID Platform
BlockID ensures a frictionless solution to provide multi-factor authentication and promotes a passwordless environment. Certified to the FIDO2 and NIST 800-63-3 standards, it enables users to scan and present one or two credentials and verify that the person’s face matches the credential to achieve identity proofing. Through the platform and its various solutions, users can onboard their credentials into new or existing systems and replace their passwords with their identity to ensure safety and identity proofing. The identity documents of users are encrypted and stored in the BlockID blockchain ecosystem and can be accessed through a digital wallet whenever required. Every time a user wishes to enter any account or system, they can access the wallet, present their credentials, and prove their identity by scanning their facial biometrics through a liveness test. This allows them access by achieving multi-factor authentication. The Block ID platform supports three products offered by 1Kosmos. They include Block ID Verify, the identity proofing solution, BlockID Workforce to access online services without the hassle of usernames and passwords, and BlockID Customer that enables secure payment processing to eliminate financial fraud.
The implementation is a cinch, and there is minimal friction for the IT staff of companies to connect any of their existing systems to the authenticators because of authentication protocols such as Security Assertion Markup Language (SAML) and Open ID Connect (OIDC).
We have been working diligently to evangelize passwordless technologies in the industry
Engaging with the remote system is enabled via QR Code, making it effective and simple, very similar to scanning a QR Code at a restaurant to view the menu. “Authenticating into a website is as easy as scanning a menu,” remarks Engle.
Heralding a Passwordless Revolution
BlockID has made the lives of employees easier by removing the password tangent out and replacing it with identity. After receiving their corporate credentials from the company, employees receive a magic link that routes them to the company’s remote access website. After scanning the QR Code, the employees gain access to their corporate applications. “It reduces employee friction, there are no vectors for ransomware, and the company is always aware of the identity of the employee due to biometrics. It provides a three-fold value proposition,” says Engle.
In the wake of the Colonial Pipeline Ransomware Attack, government agencies are trying to implement multi-factor authentication and zero trust principles to ensure the identity of the people accessing the system. Engle explains how many of these companies are struggling with that path, and 1Kosmos can help companies approach the journey from a different perspective through BlockID.
Diving further into details, Engle reveals how one of the largest telecommunications companies had a requirement to provide an authentication service for their customers and opted for 1Kosmos due to their ability to provide strong identity proofing and authentication. 1Kosmos worked together with the company and created an identity product for the company and is currently managing the same. The company not only implements the solution as a service to customers but also sells the product to their business partners as an identity service for them to conduct business. “And that’s been not only a great service for their customers but a way for them to generate revenue as well,” remarks Engle. 1Kosmos also worked with various Wall Street banks and enabled them to go passwordless and protect themselves from cyber-attacks.
Ridding the world of passwords is one of the top ten IT initiatives, and 1Kosmos is working ardently toward identitybased authentication as a concept, not just to get rid of passwords but to prove an individual’s identity as a part of a unified experience. “We have been working diligently to evangelize passwordless technologies in the industry,” Engle signs off.