Block-Auth replaces traditional username and password authentication with decentralized identifiers (DIDs) on a blockchain, enhancing security and user privacy. This solution addresses the high risk of data breaches associated with conventional credential systems, enabling businesses to streamline user registration and compliance with regulations in under 40 minutes.
Funding
$470K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional username and password authentication methods present significant security vulnerabilities, leading to frequent data breaches and compromising user privacy. Managing credentials across multiple platforms is cumbersome for users and creates compliance challenges for businesses.
Solution
Block-Auth replaces conventional authentication with decentralized identifiers (DIDs) on a blockchain to enhance security and streamline user management. The platform allows businesses to offer passwordless login and simplify user registration by leveraging digital identity wallets. Block-Auth's solution reduces the risk of data breaches associated with traditional credential systems and facilitates compliance with data protection regulations. The system integrates with existing IT and security infrastructure, enabling businesses to improve their security posture without sacrificing user experience.
Target Audience
Block-Auth targets businesses across various industries, including fintech, gaming, web3, insurance, e-commerce, and gambling, that require secure and compliant user authentication solutions.
Features
- Passwordless authentication using decentralized identifiers (DIDs)
- Support for multiple digital identity wallets and authentication methods
- Streamlined user registration and onboarding process
- Integration with existing IT and security infrastructure
- Compliance tools for GDPR, eIDAS, NIS Directive, and PSD2
- Secure and immutable record of user activities on the blockchain
- Single Sign-On (SSO) capabilities across different platforms