Security on the web is paramount especially in these troubling times when many websites and services are getting compromised by malicious hackers throughout the globe. The web is transitioning now mainly to mobile environment and there is an increased need to secure your data and logins.
There are a million services, web apps and mobile apps that exist and some of us use at least some 50 different services on an average. Normally, we use the browser to remember our details but this has an inherent risk associated with it if another person gets physical access to your device. We spoke earlier about how people are looking for more interesting and secure ways to solve this dilemma.
Now an American startup has come up with what they think is the perfect solution. The product is called OneID and has been featured in The Spark of Genius series on Mashable. Long story short, OneID has created a single-click login so that users don’t have to enter login details and credit card details and billing information every single time they visit or buy from a service. The genius idea behind this product is that the service does not have a centralized location for storing your login details. It is a distributed data environment which makes it exceedingly difficult to malicious hackers and crackers to access your data. The service also uses advanced asymmetric cryptography that identifies users through multiple devices including tablets and phones.
Steve Kirsch is the founder of OneID with 30 years of experience in Silicon Valley and he was quoted by Mashable saying, “Until we eliminate the use of shared secrets for authentication, there will never be a satisfactory answer to the question, ‘How do I know I am really safe when l sign on to a website?”
This graphic will show you exactly how the service functions.
Image Courtesy: OneID and Mashable
Many companies like Google and Facebook have tried to solve this problem by introducing stronger password management and Social Connect buttons. This has not been entirely satisfactory as people are not very keen on connecting their Facebook accounts to websites and services because of personal data that the website/service can access through it. OneID does away with all such issues.
OneID with its support for online payments may compete with huge online payment firms like PayPal.
Kirsch was quoted as saying, “OneID is like what PayPal should have been when it comes to security. We are going to leapfrog PayPal. We are PayPal 4.0”.
Will you use this service? Tell us what you think.
