One World Identity selects ShoCard based on its innovative use of blockchain technology to disrupt identity management
CUPERTINO, Calif., June 19, 2018 (GLOBE NEWSWIRE) — ShoCard, the leader in blockchain-based identity management, has been named a top five company to watch by One World Identity (OWI), an independent identity research and strategy company, in its 2018 Identity Access Management (IAM) Report, released today.
“The increasing importance of digital access in all facets of life, coupled with increased attacks on central datastore of users’ identity and authentication data, demands higher security and ease of use,” said Armin Ebrahimi, CEO and founder of ShoCard. “Distributed identity ownership, with trust created through non-PII blockchain certificates, is what we believe will disrupt current identity paradigms. Soon, large-scale hacking of usernames and passwords will be no more.”
ShoCard, recognized in the report, uses the immutable blockchain to allow users and service providers to establish trust and verify identity using a method that is cryptographically secure. With ShoCard, an individual’s identity stays with them on their mobile device, locked under a private key, making sharing and authenticating identity more efficient, private and secure, all while freeing individuals from the burden of maintaining separate user IDs and passwords for each service used. ShoCard eliminates the necessity of centralized databases full of personally identifiable information (PII) that can be hacked and used to the detriment of individuals and enterprises.
Among the report’s findings are the following observations:
- The next generation of Identity & Access Management (IAM) will be focused on identity tools and Trust & Safety mechanisms that help organizations responsibly govern all parties who engage with their brand.
- The introduction of identity and the concepts of Trust & Safety as key focal points of these technologies, in addition to centralizing the management of consumers, are the two most notable trends in the space today.
- Robust security models today are successful at distilling the security problem into its core components; identity, valuable assets, and the access relationships between these two continually evolving things.
“IAM should be thought of as the entire set of processes and technologies that ensures that the right people can access the right assets at the right time for the right purposes,” said Travis Jarae, CEO of OWI. “The breadth of products on the table no longer adds sufficient value; instead, the ability for vendors to show they understand identity and some of its key challenges is the key differentiator today.”
OWI is an independent identity research and strategy company focused on cybersecurity, digital commerce, and risk management. We help businesses, investors, and governments stay ahead of market trends so they can build sustainable, forward-looking identity-enabled products and strategies. We accomplish this by building community and facilitating dialogue through our events, the KNOW Identity Conference, as well as servicing the community with our educational content, news, media, independent research, and consulting.
Visit OWI at www.oneworldidentity.com for the latest in identity news, events, opinion and research.
ShoCard, Inc., based in Cupertino, Calif., is a mobile-identity platform built using blockchain technology that provides a simple and intuitive mobile application for definitive authentication while protecting users’ privacy. This allows for a variety of use cases, such as repeat authentication, true-digital signature with non-perishable audit-trail, transaction authorization to prevent fraud, frictionless login services without username/passwords, and user authentication in financial transactions, travel, health, government and industries where digital identity matters.
Uproar PR on behalf of ShoCard
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