Identity and Data Management as it Should be in a Digital Era
Increase security, reduce your risk of holding customer data, and increase customer engagement.
As enterprises continuously digitize their businesses, there is an increasing need for security and trust built around digital identities. Current identification systems are siloed and enterprises are having major challenges to manage Personal Identifiable Information (PII) in an increasingly regulated environment (eg. GDPR). On top of that, privacy and control of their data is becoming a greater concern for users as well. Factor is using blockchain technology that allows users to authenticate to a website or other service with a secure cryptographic signing mechanism. No username or password will be necessary or required for the sign in process.
Factor is a blockchain based identity and access solution that allows users to take control of their identity and eliminates the risk for enterprises to store PII (e.g. risk of data breaches, and GDPR compliance). Delivered as a service, built on top of the Dragonchain platform, Factor Identity authenticates users to applications using public key encryption. Third party Factor Identity Providers confirm claims or factors about a user without sharing the actual data, it de-risks the storage of PIIs associated with users and data breaches.