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Mobile Identity: What if I Lose My Phone?

Mobile identity verified on the blockchain is great.  I don’t need to remember usernames and passwords for the services I want to access.  Services and places become accessible just because I have my mobile device. I share only the parts of my identity and credentials that I want to share with whom I want to … Continue reading “Mobile Identity: What if I Lose My Phone?”

Tag: patents

Mobile Identity: What if I Lose My Phone?

Mobile Identity:  What if I Lose My Phone?

Shobadge uses secure blockchain technology maximizing your identity security

Mobile identity verified on the blockchain is great.  I don’t need to remember usernames and passwords for the services I want to access.  Services and places become accessible just because I have my mobile device. I share only the parts of my identity and credentials that I want to share with whom I want to share them. Easy access. More secure. Pretty powerful.

 

But what happens if I lose my phone?  Will I be able to get my mobile identity back?

With ShoCard, your mobile identity is kept encrypted under your device’s private key. If you lose your phone, you have lost your private key, which means you would no longer be able to identify yourself or access your records on the blockchain. So, it’s a serious, valid question that I get often.   And the answer is:

 

 

YES.

 

Here’s why…

If you have a backup of your App/phone, then you can likely restore you App and data and immediately regain access to your private key and records on the blockchain. However, if you don’t have a backup, then we give you the option of restoring your mobile identity through our patent-pending Account Recovery process.

Concealing Recoverable Information

We designed our Account Recovery process so that your service providers can maintain your private key recovery information, but not read or hijack it. Since passwords can be hacked or forgotten, we don’t require a password on top of other factors for recovery.  This is a critical aspect of our design, because if the service provider was able to provide a forgot-password mechanism to reset a password, it would also mean that they had the ability to maliciously reset the password on your behalf and access your data. Instead, we obfuscate the recoverable information in a way that only you are able to retrieve it.

Recovery Requirements

In order to recover your private key (and hence, your mobile identity), ShoCard requires you to have access to multiple assets. Typically, this is your phone number, email, an ID, a scanned document, or a phrase. ShoCard uses a split-key mechanism requiring at least three factors for recovery, but no password.  Once the user has proven access to these assets, the service provider retrieves the forth factor, which is a unique Salt (a long unique value).  This gives your mobile device, and only your device, the information it needs to retrieve your private key.

 

Through this mechanism, we are able to encrypt your data in a manner that even the service provider is unable to decrypt, and you can sleep at night because you never have to worry about losing your mobile identity.

For more information on ShoCard

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Armin Ebrahimi

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team.

Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.

Author Armin EbrahimiPosted on February 22, 2018March 13, 2018Categories Identity Theft, Product News, TipsTags account recovery, blockchain, identity, mobile, patents, private key, shobadge, shocard, what if I lose my phoneLeave a comment on Mobile Identity: What if I Lose My Phone?

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Meet ShoCard at Money 20/20

From October 22-25, ShoCard will join 4,500 companies from 85 different countries at the world’s largest payments and financial services innovation event, Money 20/20, in Las Vegas. The event will provide an opportunity for ShoCard to share its innovative solutions with leaders from every sector of the payments and financial services industries.   You can … Continue reading "Meet ShoCard at Money 20/20"

LATEST NEWS

  • ShoCard Launches Document Signing with Proof of Signing on the Blockchain April 29, 2019
  • Why Digital Identity is Primed for Change December 5, 2018
  • Authenticating Real People – Not Simply Usernames and Passwords July 24, 2018
  • Meet ShoCard at Blockchain Expo Europe 2018 June 20, 2018
  • Meet ShoCard in Boston for Identiverse June 20, 2018

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About ShoCard

ShoCard is a digital identity card you use through a mobile app.

It's the one identity verification system that works the way consumers and businesses need it to for security, privacy, and always-on fraud protection.

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