Traverse

About Traverse

The startup offers a blockchain security solution featuring on-chain multi-factor authentication (MFA) and key-less recovery mechanisms to protect crypto assets from phishing and hacks. Users can regain access to their assets through adaptive security questions without storing personal answers, ensuring that asset movement requires explicit approval.

```xml <problem> The increasing prevalence of phishing attacks and hacks targeting cryptocurrency assets necessitates robust security measures to protect users from unauthorized access and loss of funds. Traditional multi-factor authentication (MFA) methods can be complex and may not be fully integrated with on-chain transactions, leaving vulnerabilities for malicious actors to exploit. </problem> <solution> This startup provides a blockchain security solution centered around on-chain multi-factor authentication (MFA) and key-less recovery mechanisms, designed to safeguard crypto assets from unauthorized access. The platform enables users to create secure vaults with an added layer of protection, ensuring that asset movement requires explicit approval. The key-less recovery system allows users to regain access to their assets through adaptive security questions that draw upon personal memories and information, without the need to store sensitive answers directly on the platform. This approach enhances security while maintaining user control over their digital assets. </solution> <features> - On-chain multi-factor authentication (MFA) for enhanced security during transactions. - Key-less recovery mechanism using adaptive security questions based on personal information. - Asset freezing capabilities to prevent unauthorized movement of funds in case of suspected compromise. - Approval manager to provide explicit authorization for all asset movements. - Vaults for secure storage of crypto assets with added protection layers. - Verified on-chain security protocols for transparency and trust. </features> <target_audience> The primary target audience includes cryptocurrency users, blockchain enthusiasts, and individuals seeking enhanced security measures to protect their digital assets from phishing attacks, hacks, and unauthorized access. </target_audience> ```

What does Traverse do?

The startup offers a blockchain security solution featuring on-chain multi-factor authentication (MFA) and key-less recovery mechanisms to protect crypto assets from phishing and hacks. Users can regain access to their assets through adaptive security questions without storing personal answers, ensuring that asset movement requires explicit approval.

When was Traverse founded?

Traverse was founded in 2022.

Who founded Traverse?

Traverse was founded by Mohammad Dweik.

  • Mohammad Dweik - Founder
Founded
2022
Employees
6 employees
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Traverse

Score: 19/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

The startup offers a blockchain security solution featuring on-chain multi-factor authentication (MFA) and key-less recovery mechanisms to protect crypto assets from phishing and hacks. Users can regain access to their assets through adaptive security questions without storing personal answers, ensuring that asset movement requires explicit approval.

traverselabs.io10+
Founded 2022

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (5+)

Mohammad Dweik

Founder

Company Description

Problem

The increasing prevalence of phishing attacks and hacks targeting cryptocurrency assets necessitates robust security measures to protect users from unauthorized access and loss of funds. Traditional multi-factor authentication (MFA) methods can be complex and may not be fully integrated with on-chain transactions, leaving vulnerabilities for malicious actors to exploit.

Solution

This startup provides a blockchain security solution centered around on-chain multi-factor authentication (MFA) and key-less recovery mechanisms, designed to safeguard crypto assets from unauthorized access. The platform enables users to create secure vaults with an added layer of protection, ensuring that asset movement requires explicit approval. The key-less recovery system allows users to regain access to their assets through adaptive security questions that draw upon personal memories and information, without the need to store sensitive answers directly on the platform. This approach enhances security while maintaining user control over their digital assets.

Features

On-chain multi-factor authentication (MFA) for enhanced security during transactions.

Key-less recovery mechanism using adaptive security questions based on personal information.

Asset freezing capabilities to prevent unauthorized movement of funds in case of suspected compromise.

Approval manager to provide explicit authorization for all asset movements.

Vaults for secure storage of crypto assets with added protection layers.

Verified on-chain security protocols for transparency and trust.

Target Audience

The primary target audience includes cryptocurrency users, blockchain enthusiasts, and individuals seeking enhanced security measures to protect their digital assets from phishing attacks, hacks, and unauthorized access.