BlockID creates a decentralized identifier (DID) in compliance with the W3C guidelines. A DID is an identifier for verifiable, user-managed digital identity. DIDs are fully under the control of the DID subject and independent from any centralized registry, identity provider, or certificate authority. The control of the identifier is proven using modern cryptography that includes cryptography hash functions.
The user's private key is stored inside the secure enclave of the user's smartphone. The secure enclave is a secure coprocessor that includes a hardware-based key manager, which is isolated from the main processor to provide an extra layer of security. The key data is encrypted in the secure enclave system on a chip that includes a random number generator.
When enrolling with BlockID, the user performs an advanced form of biometrics called a liveness test. This biometric identifier eliminates any risk of facial spoofing, which is the task of creating false facial verification by using a photo, video, mask or a different substitute for an authorized person’s face. The liveness test is then leveraged for authentication.
1Kosmos leverages a private distributed ledger to securely store users’ identity information, with access controlled by the user (GDPR compliant) as well as a layer of privacy built around Ethereum to execute smart contracts. BlockID stores each user’s identity information in their own digital identity safe encrypted on the highly secure BlockID Blockchain.
The BlockID digital identity compiles attributes that make the user’s ID proofing process indisputable to:
Our private Blockchain-based data storage architecture promotes trust between your organization and your customers for all transactions purposes and more and mitigates internal fraudulent issues.
Leveraging the BlockID Private Blockchain Ecosystem entails storing the customers and employees biometric information in a virtually incorruptible system to ensure they are who they say they are at all times throughout the process. Employees’ and customers’ data stored in our distributed ledger aren’t subjected to data breaches.
The immutability of a distributed ledger is leveraged to record service provider-customer interactions. The document can never be modified, leaving an auditing trail, and therefore creating trust between all parties involved.
“Cybercrime is a daily threat to every organization and government across the globe...These Verizon solutions (powered by 1Kosmos BlockID) offer a significant step forward in cybersecurity protection.”
Alex Schlager, Executive Director and Chief Product Officer of security services at Verizon Business